ABLE MATCH (Making Able a Tool to Combat Hardship) Act
Sen. Van Hollen and Sen. Moran Introduce Bill to Provide $2,000 Match for Disability Savings
The ABLE MATCH Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Finance for review. There are no upcoming votes scheduled at this time, and the bill is waiting for the committee to decide on its next steps.
Legislative Progress
The bill has strong support from both parties and builds on a popular existing program, but it must still pass through the complex committee process.
Key Points
Impact Analysis
Personal Impact
Programs
SSI recipients with disabilities are among the people most likely to benefit from ABLE matching contributions, since ABLE accounts were specifically designed to let SSI recipients save without losing benefits. The matching funds effectively increase the savings capacity of SSI recipients who use ABLE accounts, though only a fraction of SSI recipients currently have ABLE accounts.
Disabilities
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
ABLE MATCH (Making Able a Tool to Combat Hardship) Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.