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ABLE Employment Flexibility: Employer Contributions to ABLE Accounts Instead of Retirement Plans

This act allows employers to contribute to special ABLE accounts for individuals with disabilities, instead of traditional retirement plans. This helps people with disabilities save money without losing crucial social benefits, providing them with greater financial flexibility and security.
Key points
Employers can contribute to ABLE accounts instead of retirement plans if an eligible employee with a disability chooses this option.
These contributions are treated as if made by the beneficiary, helping to prevent loss of social benefits.
Companies can deduct these contributions, and the government will encourage informing employees about this option.
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Additional Information
Print number: 118_HR_10302
Sponsor: Rep. Davids, Sharice [D-KS-3]
Process start date: 2024-12-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

ABLE Employment Flexibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10302.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-05.

What are the main provisions?

Key points include:

  • Employers can contribute to ABLE accounts instead of retirement plans if an eligible employee with a disability chooses this option.
  • These contributions are treated as if made by the beneficiary, helping to prevent loss of social benefits.
  • Companies can deduct these contributions, and the government will encourage informing employees about this option.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davids, Sharice [D-KS-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

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