Sec. 2. Findings
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/bill/119/s/4498/is/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress finds the following: People with disabilities are more than two and half times as likely to live in poverty than people without disabilities. In every State, people with disabilities experience higher poverty rates than both the rate for people without disabilities and the overall State poverty rate. Households containing an adult with a disability that limits their ability to work require more income to obtain the same standard of living as similar households without a member with a disability.
The Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 provided for qualified ABLE programs, which provided eligible people with disabilities the opportunity to open tax-advantaged savings accounts which they can use for meeting qualified disability-related expenses without the risk of losing eligibility for certain benefits they need to maintain health, independence, and quality of life. Since the establishment of ABLE accounts, legislative changes have been made to increase access to, uptake, and sustainability of the program, including increasing the disability onset age from before age 26 to before age 46 to qualify for an ABLE account, allowing working ABLE account holders to contribute additional amounts to the annual contribution limit, creating a Saver’s credit allowance for ABLE contributions, and allowing for rollovers of 529 accounts.
As of 2025, there were hundreds of thousands of ABLE accounts open in the United States with several million individuals with disabilities eligible for ABLE accounts. This number is expected to nearly double and as amendments made by the SECURE 2.0 Act of 2022 take effect beginning January 2026.