ABLE Employment Flexibility Act
ABLE Employment Flexibility Act
Plain Language Summary
# ABLE Employment Flexibility Act Summary **What the Bill Would Do:** The ABLE Employment Flexibility Act would modify the ABLE (Achieving a Better Life Experience) account program, which allows people with disabilities to save money without losing eligibility for government benefits like Supplemental Security Income (SSI) and Medicaid. Currently, ABLE accounts have strict limits on how much money can be saved and how it can be used. This bill would make those rules more flexible, likely allowing account holders to save more money and have more freedom in how they spend their savings. **Who It Affects:** This legislation primarily affects people with disabilities who receive federal disability benefits and their families.
It could help them build financial security and independence without the fear of losing essential healthcare coverage or income support that currently triggers when savings exceed certain thresholds. **Current Status:** The bill is currently in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. It was introduced by Representative Sharice Davids (D-Kansas) in the 119th Congress. No further action has been taken at this time.
Latest Action
Referred to the House Committee on Ways and Means.