S 627
ENABLE Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the ENABLE Act, makes permanent certain provisions related to Qualified ABLE accounts (QABLEs), which are savings accounts designed for individuals with disabilities and their families. Specifically, it extends increased contribution limits and allows for rollovers from 529 college savings plans into QABLE accounts. The bill also removes a provision that limited the interaction between 529 plans and QABLE accounts, ensuring greater flexibility for savers.
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