What does Preamble of Stephen Wira ABLE Act do?

This bill proposes to amend the Stephen Beck, Jr., ABLE Act of 2014. The proposed amendment aims to adjust the amounts in ABLE accounts that are excluded when considering eligibility for the Supplemental Security Income Program. The bill's stated purpose is 'to adjust the amounts in ABLE accounts excluded from consideration with respect to the Supplemental Security Income Program, and for other purposes.'

What does SHORT TITLE. of Stephen Wira ABLE Act do?

This Act is formally titled the ``Stephen Wira ABLE Act''.

What does ADJUSTMENT OF AMOUNTS IN ABLE ACCOUNTS DISREGARDED AS A of Stephen Wira ABLE Act do?

This section amends the Stephen Beck, Jr., ABLE Act of 2014. It modifies the limit on ABLE account assets disregarded for Supplemental Security Income (SSI) purposes. For 2026, the limit is set at $150,000. In subsequent years, the limit will be the greater of the previous year's limit or the previous year's limit adjusted by the Consumer Price Index (CPI) change. The Social Security Commissioner must determine and publish the annual adjustment amount in the Federal Register by November 1st.

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Stephen Wira ABLE Act

Last updated: 6/22/2026 · Introduced: 6/22/2026

Author: Debbie Dingell (D-MI)

TL;DR (AI)

The bill increases the asset limit in ABLE accounts that can be held without affecting eligibility for the Supplemental Security Income (SSI) program to $150,000 starting in 2026.
After 2026, the ABLE account asset limit will be adjusted annually based on changes to the Consumer Price Index (CPI).
The Social Security Commissioner will publish the annual adjustment amount for the ABLE account asset limit each year.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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