US Congress Senate Bill 493 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Democrat 16-9)
Status: Introduced on February 26 2009 - 25% progression, died in chamber
Action: 2009-02-26 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Achieving a Better Life Experience Act of 2009 or the ABLE Act of 2009 - Amends the Internal Revenue Code to establish tax-exempt ABLE accounts for individuals with a disability to pay certain expenses of such individuals, including expenses for education, housing, transportation, employment support, medical care, and certain life necessities. Defines "individual with a disability" as an individual who is eligible to receive certain supplemental security income benefits under the Social Security Act.Allows individual taxpayers a tax deduction, up to $2,000 per year, for contributions to an ABLE account. Requires the Secretary of the Treasury to study and report to Congress on the use of ABLE accounts and the effect of the tax deduction for contributions to such accounts.Requires ABLE accounts to be disregarded in determining eligibility for Medicaid benefits and for purposes of determining eligibility for other means-tested federal programs.

ABLE Act of 2009

Sen. Sherrod Brown [D-OH]	Sen. Sam Brownback [R-KS]	Sen. Richard Burr [R-NC]	Sen. Robert Casey [D-PA]
Sen. Thad Cochran [R-MS]	Sen. Susan Collins [R-ME]	Sen. Christopher Dodd [D-CT]	Sen. Russell Feingold [D-WI]
Sen. Kirsten Gillibrand [D-NY]	Sen. Orrin Hatch [R-UT]	Sen. Johnny Isakson [R-GA]	Sen. Edward Kennedy [D-MA]
Sen. John Kerry [D-MA]	Sen. Amy Klobuchar [D-MN]	Sen. Mary Landrieu [D-LA]	Sen. Frank Lautenberg [D-NJ]
Sen. George LeMieux [R-FL]	Sen. Robert Menendez [D-NJ]	Sen. Barbara Mikulski [D-MD]	Sen. James Risch [R-ID]
Sen. Arlen Specter [D-PA]	Sen. Debbie Stabenow [D-MI]	Sen. Jon Tester [D-MT]	Sen. Sheldon Whitehouse [D-RI]
Sen. Roger Wicker [R-MS]

Date	Chamber	Action
2009-02-26		Read twice and referred to the Committee on Finance.

HB1205 (Same As) 2009-03-02 - Referred to the Subcommittee on Health.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/493/all-info
Text	https://www.congress.gov/111/bills/s493/BILLS-111s493is.pdf