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© 2026 Govwatch

S4492Referred to Committee

A bill to amend the Internal Revenue Code of 1986 to provide matching payments for ABLE account contributions by certain individuals, and for other purposes.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-12
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Chris Van Hollen
Chris Van Hollen
Democrat · MD · Senator

Latest Action

Read twice and referred to the Committee on Finance.

2026-05-12

Committee Activity

Currently in

  • Senate Committee on FinanceReferred To · 2026-05-12

Bill Summary

The proposal would allow the federal government to match contributions that people with disabilities make to ABLE savings accounts, similar to how some employers match retirement contributions. This would help individuals with disabilities save money for expenses like education, housing, and medical care by giving them extra funds when they contribute their own money. The bill is currently under review by the Senate Finance Committee.

Read the full bill text
Read Full TextCongress.gov