HLS 21RS-2876 ENGROSSED 2021 Regular Session HOUSE RESOLUTION NO. 99 BY REPRESENTATIVE DAVIS CONGRESS: Memorializes congress to support the ABLE Age Adjustment Act 1 A RESOLUTION 2To memorialize the United States Congress to take such actions as are necessary to pass the 3 ABLE Age Adjustment Act. 4 WHEREAS, the Achieving a Better Life Experience Act, also known as the ABLE 5Act, was passed by Congress and subsequently signed into law in 2014; and 6 WHEREAS, the ABLE Act has created tax-advantaged savings accounts known as 7"ABLE accounts" for persons with disabilities and has allowed funds to be withdrawn from 8the accounts to cover costs of health care, employment support, housing, transportation, 9assistive technology, and lifelong education for those persons; and 10 WHEREAS, ABLE accounts are subject to the same tax treatment as the popular 11education savings accounts commonly called "529 plans"; and 12 WHEREAS, the ABLE Act has created a powerful incentive for individuals and 13families to save private funds for the purpose of supporting persons with disabilities in 14maintaining health, independence, and quality of life; and 15 WHEREAS, the ABLE Act, as enacted, stipulates that funds held in an ABLE 16account do not count toward any maximum limit on a person's assets upon which eligibility 17for a means-tested federal program may be contingent; and 18 WHEREAS, savings in an ABLE account do not jeopardize a person's eligibility for 19programs such as Medicaid and Supplemental Security Income; and Page 1 of 3 HLS 21RS-2876 ENGROSSED HR NO. 99 1 WHEREAS, the asset limits of such programs had previously forced low-income 2persons into the difficult decision of whether to spend their limited resources, down to two 3thousand dollars in most cases, in order to become eligible for needed assistance; and 4 WHEREAS, the ABLE Act, as enacted, includes a fiscal safeguard for states by 5providing that if the ABLE account beneficiary dies or his disability ceases and assets 6remain in the account, the assets will first be distributed to any state Medicaid plan that 7provided assistance to the person; and 8 WHEREAS, as evidenced by the party affiliations of its seventy-eight original 9cosponsors being almost perfectly balanced, the ABLE Act legislation enjoys broad 10bipartisan support; and 11 WHEREAS, the ABLE Act embodies sound economic policy by encouraging 12savings and asset building; and 13 WHEREAS, the ABLE Act promotes important values that our nation holds dear by 14providing that every citizen living with a disability has the opportunity to attain 15independence and an improved quality of life; and 16 WHEREAS, prior to its passing, a limitation was added to the ABLE Act, which 17limits the benefits to persons who had the onset of disability before the age of twenty-six; 18and 19 WHEREAS, this age limitation has prevented many persons and families from 20receiving the many benefits of the ABLE Act; and 21 WHEREAS, the ABLE Age Adjustment Act has been introduced as S. 331 and H.R. 221219 in the One Hundred Seventeenth United States Congress; and 23 WHEREAS, the ABLE Age Adjustment Act would make the provisions of the 24ABLE Act available to persons who had the onset of disability before the age of forty-six; 25and 26 WHEREAS, if passed, the ABLE Age Adjustment Act would make six million more 27persons with disabilities eligible for ABLE accounts; and 28 WHEREAS, if passed, the ABLE Age Adjustment Act would also help states keep 29administrative costs for the state ABLE programs low; and Page 2 of 3 HLS 21RS-2876 ENGROSSED HR NO. 99 1 WHEREAS, as evidenced by the party affiliations of its sixty-five cosponsors, the 2ABLE Age Adjustment Act has broad bipartisan support. 3 THEREFORE, BE IT RESOLVED that the House of Representatives of the 4Legislature of Louisiana does hereby memorialize the United States Congress to take such 5actions as are necessary to pass the ABLE Age Adjustment Act. 6 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the 7presiding officers of the Senate and the House of Representatives of the Congress of the 8United States of America and to each member of the Louisiana congressional delegation. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HR 99 Engrossed 2021 Regular Session Davis Memorializes Congress to pass the ABLE Age Adjustment Act. Page 3 of 3