Ander Crenshaw's ABLE Act Faces Ways and Means on Thursday

U.S. Rep. Ander Crenshaw, R-Fla., is the chief backer of the Achieving a Better Life Experience Act (ABLE Act) which creates tax-free saving accounts for disabled Americans. Crenshaws proposal has 375 House co-sponsors and 74 backers in the Senate but it has made little progress in Congress since it was first brought out in 2006.

But that could be changing. Crenshaw announced on Tuesday that the ABLE Act will be facing a vote on the House Ways and Means Committee on Thursday.

More than three-quarters of the members of the House and Senate have co-sponsored this landmark bill, and a July 24 Senate Finance Subcommittee hearing shed more light on the need for the ABLE Act, said Crenshaw. Now, on Thursday, July 31, the House Ways and Means Committee will consider the legislation. Step by step, with focus and determination, we are adding more information to the record and further opening the door to turn ABLE from legislation into the law of the land. We will level the playing field for individuals with disabilities and their families so they can take advantage of the same financial planning tools that are available to other Americans.