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Support for Savings for Individuals with Disabilities: ABLE Account Matching

This act aims to help individuals with disabilities who have lower incomes save money. It introduces government matching payments to their ABLE savings accounts, making it easier for them to build financial stability without losing essential benefits. Additionally, the act requires demographic data collection on account users to better understand their needs.
Key points
Individuals with disabilities and lower incomes can receive government matching payments for their ABLE savings accounts, up to $2,000 annually.
These matching payments are designed to boost savings and improve quality of life, without affecting eligibility for other benefits.
The act also allocates funds for promoting ABLE accounts and the matching contribution credit, encouraging wider participation.
It mandates the collection of demographic information (race, gender, disability type) from ABLE account beneficiaries to help tailor programs more effectively.
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Additional Information
Print number: 118_HR_5102
Sponsor: Rep. Dingell, Debbie [D-MI-6]
Process start date: 2023-08-01
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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 MATCH (Making Able a Tool to Combat Hardship) Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5102.

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 2023-08-01.

What are the main provisions?

Key points include:

  • Individuals with disabilities and lower incomes can receive government matching payments for their ABLE savings accounts, up to $2,000 annually.
  • These matching payments are designed to boost savings and improve quality of life, without affecting eligibility for other benefits.
  • The act also allocates funds for promoting ABLE accounts and the matching contribution credit, encouraging wider participation.
  • It mandates the collection of demographic information (race, gender, disability type) from ABLE account beneficiaries to help tailor programs more effectively.
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. Dingell, Debbie [D-MI-6].

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 2025-12-25.

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