Summary: S.331 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for S.331. Bill summaries are authored by CRS.

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Introduced in Senate (02/22/2021)

ABLE Age Adjustment Act

This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)