Over the weekend, the Achieving a Better Life Experience (ABLE) Act reached its one-year anniversary. As we celebrate the important reforms in this bill, here are four things you should know about the ABLE Act:
1) It received bipartisan, bicameral support. This bipartisan bill was first introduced by six Members of Congress (two Senatorsand four U.S. Representatives) on February 13, 2013, in an effort to create tax-free savings accounts for individuals with disabilities.
2) It offers independence to Americans living with disabilities. An individual with an ABLE account may use the funds for a variety of essential expenses, including: medical and dental care, education, community-based supports, employment training, assistive technology, housing and transportation.
3) Several states took up the federal initiative. Since the ABLE Act was passed on a federal level, many states (34) passed their own ABLE bills to continue funding for ABLE programs that were in place.
4) It has changed the lives of millions. The ABLE Act marks the beginning of a new chapter for Americans with disabilities—one of opportunity and independence.
Here’s a look back at the support from our House Republican Members:
“This legislation will help maintain the health and well-being of individuals with disabilities, allowing private contributions to their healthcare, education, housing and transportation, so that they can achieve employment and independence while growing to the best of their abilities.” – Rep. Pete Sessions (R-TX)
“Together, we have spoken to give those with disabilities – like my 7-year-old son, Cole – a better life. A life in which those with special needs are not limited by the challenges they face, but empowered because of them.” – House Republican Conference Chair Cathy McMorris Rodgers (R-WA)
“The ABLE Act finally levels the playing field for families by allowing them to use tax free savings accounts to save for future expenses, just like they can for any other child through a 529 college savings account.” – Rep. Ander Crenshaw (R-FL)