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H.R. 1897

Referred to Committee

ABLE Financial Planning Act

Introduced 4/4/2017•115th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

4/4/2017 • House

Summary

ABLE Financial Planning Act

This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)

Introduced in House • 4/4/2017

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Topics & Subjects

Policy Area: Taxation
Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (40)

Party Breakdown

17
Democrats
23
Republicans
0
Independents

Sponsor

R[
Rep. McMorris Rodgers, Cathy [R-WA-5]

Republican • WA-5

Sponsored 4/4/2017

Cosponsors (39)

R[
Rep. Sessions, Pete [R-TX-32]

R-TX-32

Joined 4/4/2017

R[
Rep. Cárdenas, Tony [D-CA-29]

D-CA-29

Joined 4/4/2017

R[
R[
Rep. Joyce, David P. [R-OH-14]

R-OH-14

Joined 4/6/2017

R[
Rep. Moulton, Seth [D-MA-6]

D-MA-6

Joined 4/6/2017

Bill Journey

Originated in the House

Introduced

April 4, 2017

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House4/4/2017

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors39