Bipartisan ENABLE Act Passes Senate, Led by Senator Schmitt, Supports Savings for Disabled Individuals

Sep 19, 2024, 07:17 PM

The bipartisan ENABLE Act has successfully passed the Senate. The legislation, spearheaded by Senator Eric Schmitt, aims to support individuals with disabilities by making parts of the tax code permanent, which helps ABLE account holders save more for their futures. Senator Schmitt, who hosted a roundtable with disability rights advocates and ABLE account owners, expressed gratitude for the support received. The Act will allow individuals and their families to continue saving and investing through tax-free savings accounts under the ABLE program. Senator Katie Britt highlighted that the ENABLE Act would foster opportunities for Americans with disabilities to invest and save towards their future.