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To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
Summary
- Makes permanent the increased contribution limit for ABLE accounts by removing the January 1, 2026 expiration date
- Makes permanent the savers credit (tax credit) for contributions to ABLE accounts
- Makes permanent the ability to roll over funds from 529 education savings accounts to ABLE accounts
- Repeals a conflicting provision from the SECURE 2.0 Act of 2022 to ensure consistent treatment of ABLE account provisions
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
24 cosponsors
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC)
- Rep. Barr, Andy [R-KY-6] (R-KY)
- Rep. Beyer, Donald S. [D-VA-8] (D-VA)
- Rep. Carey, Mike [R-OH-15] (R-OH)
- Rep. Davidson, Warren [R-OH-8] (R-OH)
- Rep. Davids, Sharice [D-KS-3] (D-KS)
- Rep. Dingell, Debbie [D-MI-6] (D-MI)
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA)
- Rep. Foster, Bill [D-IL-11] (D-IL)
- Rep. Keating, William R. [D-MA-9] (D-MA)
- Rep. Landsman, Greg [D-OH-1] (D-OH)
- Rep. Magaziner, Seth [D-RI-2] (D-RI)
- Rep. McBride, Sarah [D-DE-At Large] (D-DE)
- Rep. Miller, Carol D. [R-WV-1] (R-WV)
- Rep. Murphy, Gregory F. [R-NC-3] (R-NC)
- Rep. Neguse, Joe [D-CO-2] (D-CO)
- Rep. Raskin, Jamie [D-MD-8] (D-MD)
- Rep. Rogers, Mike D. [R-AL-3] (R-AL)
- Rep. Schmidt, Derek [R-KS-2] (R-KS)
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI)
- Rep. Stauber, Pete [R-MN-8] (R-MN)
- Rep. Taylor, David J. [R-OH-2] (R-OH)
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA)
- Rep. Wittman, Robert J. [R-VA-1] (R-VA)
Money behind the sponsor
Top reported contributors to Lloyd Smucker’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $44,770
- DIRECT WIRE AND CABLE $13,200
- SELECT MEDICAL $11,600
- LANCASTER SCHOOL OF COSMETOLOGY $11,100
- SCENIC RIDGE $8,425
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Lloyd Smucker → · Outside spending →
Actions (2)
- Feb 18, 2025 Referred to the House Committee on Ways and Means. · house
- Feb 18, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 18, 2025
Mr. Smucker (for himself, Mr. Beyer, Mr. Fitzpatrick, Ms. Norton, Mr. Stauber, Mr. Rogers of Alabama, Mr. Foster, Mrs. Miller of West Virginia, Mr. Neguse, and Mr. Schmidt) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Ensuring Nationwide Access to a Better Life Experience Act” or the “ENABLE Act”.
SEC. 2. PERMANENT EXTENSION OF INCREASED CONTRIBUTIONS TO ABLE ACCOUNTS.
(a) In General.—Section 529A(b)(2)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking “before January 1, 2026”.
(b) Allowance of Savers Credit.—
(1) In general.—Section 25B(d)(1) of the Internal Revenue Code of 1986 is amended to read as follows:
“(1) In general.—The term ‘qualified retirement savings contributions’ means, with respect to any taxable year, the sum of—
“(A) the amount of contributions made by the eligible individual during such taxable year to the ABLE account (within the meaning of section 529A) of which such individual is the eligible beneficiary, and
“(B) in the case of any taxable year beginning before January 1, 2027—
“(i) the amount of the qualified retirement contributions (as defined in section 219(e)) made by the eligible individual,
“(ii) the amount of—
“(I) any elective deferrals (as defined in section 402(g)(3)) of such individual, and
“(II) any elective deferral of compensation by such individual under an eligible deferred compensation plan (as defined in section 457(b)) of an eligible employer described in section 457(e)(1)(A), and
“(iii) the amount of voluntary employee contributions by such individual to any qualified retirement plan (as defined in section 4974(c)).”.
(2) Coordination with secure 2.0 act of 2022 amendment.— Paragraph (1) of section 103(e) of the SECURE 2.0 Act of 2022 is repealed, and the Internal Revenue Code of 1986 shall be applied and administered as though such paragraph were never enacted.
(c) Effective Date.—The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.
SEC. 3. PERMANENT EXTENSION OF ROLLOVERS TO ABLE PROGRAMS FROM 529 PROGRAMS.
(a) In General.—Section 529(c)(3)(C)(i)(III) of the Internal Revenue Code of 1986 is amended by striking “before January 1, 2026,”.
(b) Effective Date.—The amendment made by this section shall apply to distributions made after the date of the enactment of this Act. <all>
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