Stephen Wira ABLE Act
Sponsored By: Representative Dingell, Debbie [D-MI-6]
Introduced
Summary
This bill would raise the asset limit for ABLE accounts that Social Security ignores when checking Supplemental Security Income eligibility. It sets the disregard at $150,000 for 2026 and then requires annual cost‑of‑living increases tied to the Consumer Price Index.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher ABLE account limit for SSI
If enacted, this bill would raise how much of an ABLE account does not count for Supplemental Security Income (SSI). For calendar year 2026 the disregard would be $150,000. In each later year the disregard would be the larger of the prior year amount or that amount increased by the CPI‑U percent change for the 12 months ending June 30 before the year. The Commissioner of Social Security would have to determine and publish the new amount in the Federal Register by November 1 before each year.
Sponsors & CoSponsors
Sponsor
Dingell, Debbie [D-MI-6]
MI • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov