ENABLE Act
S. 4539118th Congress

ENABLE Act

Introduced in the SenateSen. Eric Schmitt (R-MO)6 sections · 1 min read
Version: Introduced in Senate · Jun 13, 2024

Section 1. Short title

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

(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.

(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 of the enactment of this Act.

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