[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4539 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4539

 To amend the Internal Revenue Code of 1986 to make certain provisions 
           with respect to qualified ABLE programs permanent.


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                   IN THE SENATE OF THE UNITED STATES

                             June 13, 2024

 Mr. Schmitt (for himself, Mr. Casey, Mr. Boozman, Mr. Van Hollen, Mr. 
     Cotton, Mr. Welch, Mr. Tuberville, Mr. Kaine, Mrs. Britt, Ms. 
 Klobuchar, Mr. Mullin, and Mr. Wyden) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make certain provisions 
           with respect to qualified ABLE programs permanent.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ensuring Nationwide Access to a 
Better Life Experience Act'' or the ``ENABLE Act''.

SEC. 2. PERMANENT EXTENSION OF INCREASED CONTRIBUTIONS TO ABLE 
              ACCOUNTS.

    (a) In General.--Section 529A(b)(2)(B)(ii) of the Internal Revenue 
Code of 1986 is amended by striking ``before January 1, 2026''.
    (b) Allowance of Savers Credit.--Section 25B(d)(1) of the Internal 
Revenue Code of 1986, as amended by section 103(e)(1) of the SECURE 2.0 
Act of 2022, is amended by striking ``before January 1, 2026,''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.

SEC. 3. PERMANENT EXTENSION OF ROLLOVERS TO ABLE PROGRAMS FROM 529 
              PROGRAMS.

    (a) In General.--Section 529(c)(3)(C)(i)(III) of the Internal 
Revenue Code of 1986 is amended by striking ``before January 1, 
2026,''.
    (b) Effective Date.--The amendment made by this section shall apply 
to distributions made after the date of the enactment of this Act.
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