releases: https://www.donnelly.senate.gov/newsroom/press/donnelly-applauds-senate-passage-of-able-act
Data license: MIT · Data source: dwillis/congress-press
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| https://www.donnelly.senate.gov/newsroom/press/donnelly-applauds-senate-passage-of-able-act | Donnelly Applauds Senate Passage of ABLE Act | 2014-12-16 | 2014 | 2014-12 | Democrat | House | IN | Joe Donnelly | D000607 | www.donnelly.senate.gov | legacy | Donnelly Applauds Senate Passage of ABLE Act Bipartisan bill creates tax-free savings accounts for disabled Americans Tuesday, December 16, 2014 Washington, D.C. — U.S. Senator Joe Donnelly praised Senate passage of the Achieving a Better Life Experience (ABLE) Act, a bill to create tax-free savings accounts for individuals with disabilities that he co-sponsored and helped pass. The bill passed tonight in the Senate by a vote of 76 to 16 as part of a larger bill, H.R. 5771, the Tax Increase Prevention Act of 2014, after passing the House last week, and now goes to the President to be signed into law. “In Indiana, we know that disabilities shouldn’t be a roadblock to pursuing your dreams,” said Donnelly. “The savings accounts this legislation creates will help Americans with disabilities save for things like education, transportation, and even housing. I have been proud to support the ABLE Act, and I am glad to see it pass with bipartisan support.” More than 100 organizations support the legislation, including Arc of Indiana, the National Down Syndrome Society, and Autism Speaks. John Dickerson, Executive Director of The Arc of Indiana, said, “The ABLE Act provides families and people with disabilities an important option in saving for the future. People with disabilities want the opportunity to be as independent as possible whether that means continuing their education or owning their own home. The ABLE Act will provide them with those options. We appreciate the perseverance of the sponsors of this legislation in not giving up and creating this opportunity.” Currently, U.S. law prohibits those claiming disability from having more than $2,000 in assets in order to continue receiving Social Security, Medicaid, and other benefits; making it difficult for disabled individuals to save for the future. By giving disabled Americans access to tax-free savings accounts, the ABLE Act would provide eligible individuals the same types of flexible savings options that other Americans have through college savings accounts, health savings accounts, and individual retirement accounts. These savings accounts will supplement, but not replace, benefits provided through Medicaid, Social Security, private insurance, and other sources. The money saved in these accounts must be used for qualified disability expenses, including: education, housing, transportation, employment training and support, assistive technology and personal support services, health, prevention and wellness, and other approved expenses. Donnelly co-sponsored similar legislation in the 112th Congress while serving in the House of Representatives. ### Press Contact Donnelly_Press@Donnelly.Senate.Gov | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |