Disability Savings: Federal Matching Program
A house committee must act next: committee consideration.
While the bill has support from both parties, it was introduced late in the year and faces a long process in the tax committee.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
ABLE account savings generally do not count toward SNAP resource limits, so a larger federal match could modestly help some ABLE account holders build savings while remaining eligible for food assistance.
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Senators Jerry Moran and Chris Van Hollen introduced a package of bills including the ABLE MATCH Act. The bill creates a new federal program that matches contributions made to an ABLE account of up to $2,000 per year to help individuals with disabilities achieve financial security.
Senator Bob Casey (D-PA) announced the ABLE MATCH Act to help lower-income Americans with disabilities save more effectively. The bill proposes a federal dollar-for-dollar match for up to $2,000 for new and existing ABLE accounts held by individuals making $28,000 annually or less.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
ABLE MATCH (Making Able a Tool to Combat Hardship) Act
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