Senator Schmitt introduces the bipartisan ABLE Employment Flexibility Act to enhance savings options for employees with disabilities.
Quiver AI Summary
U.S. Senator Eric Schmitt (R-MO) has introduced the bipartisan ABLE Employment Flexibility Act, aimed at enhancing savings options for employees with disabilities. The legislation will permit employers to contribute to employees' ABLE accounts similarly to 401(k) plans, exempting them from affecting federal benefit eligibility. Schmitt emphasized, "Individuals with disabilities who work deserve the same access to employment benefits."
The bill addresses the barriers faced by employees with disabilities regarding 401(k) benefits due to stringent asset limits of federal programs like Medicaid and SSI. It is supported by Senators Amy Klobuchar (D-MN) and others, and follows the earlier ENABLE Act, which addressed key provisions related to ABLE accounts.
Currently, over 162,000 ABLE accounts exist, allowing individuals with disabilities to save tax-free without losing access to essential federal benefits. The new legislation aims to provide financial security and flexibility for workers with disabilities, encouraging their employment and savings.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Eric Schmitt Net Worth
Quiver Quantitative estimates that Eric Schmitt is worth $982.7K, as of August 29th, 2025. This is the 330th highest net worth in Congress, per our live estimates.
Schmitt has approximately $622.7K invested in publicly traded assets which Quiver is able to track live.
You can track Eric Schmitt's net worth on Quiver Quantitative's politician page for Schmitt.
Eric Schmitt Bill Proposals
Here are some bills which have recently been proposed by Eric Schmitt:
- S.2278: Graham Hoffman Act
- S.2269: PRICE Act
- S.2206: A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
- S.2067: Rescissions Act of 2025
- S.2002: REMIT Act
- S.1989: Helping Communities with Better Support Act
You can track bills proposed by Eric Schmitt on Quiver Quantitative's politician page for Schmitt.
Eric Schmitt Fundraising
Eric Schmitt recently disclosed $329.3K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 269th most from all Q2 reports we have seen this year. 89.4% came from individual donors.
Schmitt disclosed $238.4K of spending. This was the 217th most from all Q2 reports we have seen from politicians so far this year.
Schmitt disclosed $816.6K of cash on hand at the end of the filing period. This was the 347th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Eric Schmitt's fundraising on Quiver Quantitative.
