NAIFA is part of a coalition of organizations that expressed support for the bipartisan ABLE Tomorrow Act in a letter to the act’s cosponsors, Sens. Jerry Moran (R-KS) and Chris Van Hollen (D-MD). The legislation would expand and strengthen the ABLE program, a tax-advantaged saving and investment program for eligible individuals with disabilities. ABLE Accounts provide many people with disabilities to save for qualified disability-related expenses without losing their eligibility for other federal programs.

The ABLE Tomorrow Act would address gaps in awareness, access, and usability of ABLE Accounts. It would encourage greater participation in the ABLE program by reducing unnecessary barriers. It would also improve coordination between federal and state programs, create targeted exceptions to contribution limits, and promote awareness and education efforts.

“We believe the ABLE Tomorrow Act represents an important step toward enabling individuals with disabilities and their families to plan more effectively for both near-term needs and long-term financial stability,” NAIFA and its partners said in the letter. “By reinforcing the role of ABLE accounts as a complementary savings tool within the broader financial ecosystem, the legislation promotes greater independence while maintaining appropriate program integrity.”

NAIFA has been a strong advocate for the ABLE program since its creation in 2014, as well as for legislation to strengthen and expand ABLE Accounts to best provide financial security for Americans with disabilities and their families. Earlier this year, Sens. Moran and Van Hollen lauded NAIFA’s support in a press release on the ABLE Tomorrow Act and two other pieces of legislation to strengthen and improve the ABLE Program.