WASHINGTON, D.C. (WBRC) – New legislation to help individuals with disabilities and their families save and invest through tax-free savings accounts passed the United States Senate Friday.
U.S. Senators Katie Britt (R-Ala.), Eric Schmitt (R-Mo.), and Bob Casey Jr. (D-Pa.) introduced the legislation called the ENABLE Act that would help empower families and enhance their economic opportunities while protecting their eligibility to federal programs like Medicaid and Supplemental Security Income (SSI).
“Today is a monumental day, with the critically important ENABLE Act passing the Senate,” said Senator Eric Schmitt. “When I originally entered public service, it was to fight for people like my son Stephen, who was born with a rare genetic disease, has epilepsy, is on the autism spectrum, and is non-verbal. This legislation is the perfect example of what I entered public service to do. The ENABLE Act helps make life be4er for those with disabilities by allowing them and their families to continue saving and investing through tax-free savings accounts. This legislation empowers those individuals to secure employment and actively participate in society. I am thankful for the support of my colleagues in helping to ensure the passage of this critically important legislation.”…