Official announcement from the White House or publication in the Federal Register

Senate Passes ENABLE Act to Enhance ABLE Program with Tax-Free Savings Accounts

Sep 20, 2024, 02:57 PM

The ENABLE Act has passed the Senate, marking a significant step forward for individuals with disabilities. Sponsored by Senators Eric Schmitt and Bob Casey, the legislation aims to enhance the ABLE program by allowing people with disabilities and their families to save and invest through tax-free savings accounts. The act is designed to provide a pathway for financial security and independence for Americans with disabilities. Several lawmakers, including Senators Katie Britt and Bob Casey, have expressed their support for the bill. The passage of the ENABLE Act is seen as a monumental achievement in the ongoing effort to support the financial futures of individuals with disabilities. The act also includes permanent improvements to the ABLE program, a point highlighted by disability rights advocates.