December 4, 2017
Illinois State Treasurer Mike Frerichs, Co-Chair of NAST’s ABLE Committee, unveils proposal during Congressional briefing to improve and expand ABLE programs nationwide
WASHINGTON, D.C. – The National Association of State Treasurers (NAST) released the following statement today in response to the third anniversary of Congress passing the Achieving a Better Life Experience (ABLE) Act—landmark legislation that allows Americans to establish tax-free savings accounts for individuals with disabilities.
Over the past three years, state treasurers have worked diligently to implement, administer, and expand ABLE programs across the country to help individuals with disabilities and their families save for costly medical expenses,” said NAST’s ABLE Committee Co-Chair and Illinois State Treasurer Mike Frerichs. “Since Congress passed the legislation in 2014, 30 states have successfully launched ABLE Programs, which have changed the lives of thousands of families across the country. NAST looks forward to working with Congress to help increase access to these important investment accounts so more Americans can benefit from ABLE programs and begin saving for their future.”
Treasurer Frerichs participated in a Congressional briefing on Capitol Hill today to unveil the NAST ABLE Committee’s federal policy proposal, which outlines how Congress can increase the breadth and reach of ABLE accounts across the country. The briefing, hosted by the ABLE National Resource Center, featured a series of presentations and panel discussions from Members of Congress, ABLE administrators and a number of NAST corporate affiliate members.
The NAST ABLE Committee’s federal policy priorities are listed below and a fact sheet on ABLE program implementation can be found here. To learn more about NAST’s federal policy proposals, click here.
Story Excerpt: The National Association of State Treasurers recently outlined some legislative priorities that would broaden ABLE accounts’ reach..