ABLE Act Bill Introduced for 112th Congress

Bipartisan, bicameral legislation to allow for tax advantaged savings accounts for individuals with disabilities was introduced in the House by Rep. Ander Crenshaw (R-FL), Rep. Chris Van Hollen (D-MD), Rep Cathy McMorris Rodgers (R-WA), along with 26 additional House co-sponsors, and in the Senate by Sen. Robert P. Casey, Jr. (D-PA) and Sen. Richard Burr (R-NC). The Achieving a Better Life Experience Act of 2011 (ABLE Act; S. 1872; H.R. 3423) would create ABLE savings accounts that allow people with disabilities to save for certain expenses, like education, housing, and transportation. ABLE accounts would be disregarded when determining eligibility for Medicaid, Supplemental Security Income (SSI) programs, and other means-tested programs. The ABLE Act was unveiled at a press conference on the grounds of the U.S. Capitol that featured The Arc’s CEO, Peter V. Berns, along with representatives of the National Down Syndrome Society, Autism Speaks, and other national disability organizations. The Arc strongly supports this legislation.

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