McMorris Rodgers’ ABLE Financial Planning Act Included in Tax Cuts and Jobs Act

WASHINGTON, D.C. (November 9, 2017) – Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) today released the following statement after her ABLE Financial Planning Act was included in the Tax Cuts and Jobs Act that passed the House Ways and Means Committee this afternoon.

“This is must-pass legislation to provide tax relief to families and I’m so pleased to see my legislation, the ABLE Financial Planning Act, included in the bill that passed today out of Ways and Means,” said McMorris Rodgers. “This means that people who have been saving for their child’s college tuition can rollover that money into a savings account specifically created for individuals with disabilities. We need to be empowering those with disabilities and their families to save and invest in their futures, and that’s exactly what this bill will help do.”

NOTE: In April, the Congresswoman introduced a bipartisan package of legislation known as ABLE 2.0. This package included three bills, one of which was the ABLE Financial Planning Act (H.R. 1897). This legislation allows for rollovers from a 529 to a 529A account, but still maintains the annual contribution limit of $14,000. This would allow individuals who may have been saving for their child’s college tuition, which is now no longer needed, to rollover up to the maximum contribution each year until the 529 account has been depleted.

# # #

Recent Posts


McMorris Rodgers Introduces Bill Expanding Service Opportunities for Disability Community

Washington, D.C. – Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) reintroduced the Hannah Cvancara Service Act (H.R. 7405) to empower individuals with a non-service-connected amputation to serve the United States Armed Forces as medical personnel. This legislation was inspired by Hannah Cvancara, a Spokane resident who suffered a childhood amputation that disqualified her from serving […]



McMorris Rodgers, Cantwell Applaud Approval of Disaster Declaration for Spokane County Following Devastating Wildfires

Washington, D.C. – Today, President Joe Biden declared that a major disaster exists in Spokane County and ordered federal assistance to supplement recovery efforts in the aftermath of the Gray Fire and the Oregon Road Fire in August 2023. After the announcement, Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) and U.S. Senator Maria Cantwell (D-WA) […]



Feb 15, 2024
Press

McMorris Rodgers Helps Pass Bipartisan Bill to Block President Biden’s LNG Export Ban, Unleash American Energy

Washington D.C. – Today, Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) helped the House of Representatives pass the Unlocking Our Domestic LNG Potential Act (H.R. 7176) to reverse President Biden’s American liquified natural gas (LNG) export ban. She released the following statement after the vote: “The President’s decision to impose a ban on new permits […]