H.R. 4672 · 117th Congress
ABLE Employment Flexibility Act
- Stage
- In committee
- Sponsor
- Thomas Suozzi
- Introduced
- 2021-07-22
- Latest action
- 2021-07-22 · Introduced in House
Summary
ABLE Employment Flexibility Act
This bill permits employers to make tax-exempts contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account is established to pay the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.