ENGR. H. B. NO. 1837 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ENGROSSED HOUSE BILL NO. 1837 By: Hefner and Deck of the House and Frix of the Senate An Act relating to poor persons; amending 56 O.S. 2021, Section 4001.5, which relates to Achieving a Better Life Experience Program account; adding an exemption; and providing an effective date . BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 56 O.S. 2021, Section 4001.5, is amended to read as follows: Section 4001.5. A. Account balances and distrib utions from savings accounts established pursuant to this act shall be exempt from levy and sale, garnishment, attachment or any other process whatsoever and shall be unassignable . In the event of the death of a beneficiary, the funds from an achieving a better life experience (ABLE) account are also exempt from Medicaid recovery liens, claim s, and other reimbursement proceedings filed pursuant to Section 12- 994.2 of Title 12 of the Oklahoma Statutes by the Oklahoma Health Care Authority. ENGR. H. B. NO. 1837 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 B. Money and assets residing in an account established pursuant to this act or residing in an ABLE account established in another state shall not be considered for purposes of determining eligibility for assistance or benefits or for determining the amount of assistance or benefits to be received from the Te mporary Assistance for Needy Families program or from any other local or state means-tested public assistance programs. SECTION 2. This act shall become effective November 1, 2025. Passed the House of R epresentatives the 26th day of March, 2025. Presiding Officer of the House of Representatives Passed the Senate the ___ day of __________, 2025. Presiding Officer of the Senate