S. 4541 – Ensuring Nationwide Access to a Better Life Experience Act

AI-Generated Summary

Updated January 20, 2026 at 5:20 PM UTC

The ENABLE Act would make several tax benefits for ABLE (Achieving a Better Life Experience) accounts permanent. It removes the 2026 deadline on higher contribution limits, the saver's tax credit, and the ability to roll over funds from 529 college‑savings plans into ABLE accounts. The changes apply to future tax years and distributions after the law takes effect, helping individuals with disabilities and their families keep these savings options.

Key Provisions

Eliminates the “before January 1, 2026” deadline in the tax code provision that raises the annual contribution limit for qualified ABLE accounts, making the higher limit permanent.
Removes the same deadline from the provision that allows the saver's credit for contributions to ABLE accounts, making the credit permanently available.
Deletes the deadline restricting rollovers from 529 college‑savings plans to ABLE programs, allowing such rollovers indefinitely.
Sets the effective date for the contribution and credit changes to taxable years beginning after enactment, and for rollover changes to distributions made after ten days post‑enactment.

Legislative Activity

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2 earlier actions

SenateCalendars Latest Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.

June 17, 2024

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SenateIntro Referral

Introduced in Senate

June 13, 2024

SenateCalendars

Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

June 13, 2024

SenateCalendars

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 419.

June 17, 2024

Floor Debate

2 members

What members said about S. 4541 on the floor

2 Democrats

Sen. Catherine Cortez MastoD-NV · Jun 13, 2024

Madam President, I understand that there is a bill at the desk, and I ask for its first reading. Madam President, I now ask for a second reading, and in order to place the bill on the calendar under…

Sen. Charles E. SchumerD-NY · Jun 17, 2024

Madam President, I understand that there is a bill at the desk that is due for a second reading. In order to place the bill on the calendar under the provisions of rule XIV, I would object to further…

Bill Text

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Placed on Calendar SenateIssued June 17, 2024

II

Calendar No. 419

118th CONGRESS

2d Session

S. 4541

IN THE SENATE OF THE UNITED STATES

June 13, 2024

Mr. Schmitt (for himself and Mr. Casey) introduced the following bill; which was read the first time

June 17, 2024

Read the second time and placed on the calendar

A BILL

To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.

1.

Short title

This Act may be cited as the Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act.

2.

Permanent extension of increased contributions to ABLE accounts

(a)

In general

Section 529A(b)(2)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2026.

(b)

Allowance of savers credit

Section 25B(d)(1) of the Internal Revenue Code of 1986, as amended by section 103(e)(1) of the SECURE 2.0 Act of 2022, is amended by striking before January 1, 2026,.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

3.

Permanent extension of rollovers to ABLE programs from 529 programs

(a)

In general

Section 529(c)(3)(C)(i)(III) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2026,.

(b)

Effective date

The amendment made by this section shall apply to distributions made after the date which is 10 days after the date of the enactment of this Act.

June 17, 2024

Read the second time and placed on the calendar