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RI S2987

Bill

Official Source

Status

Introduced

3/4/2026

Primary Sponsor

Matthew LaMountain

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Removes the provision allowing Rhode Island to act as a creditor against ABLE accounts upon the death of a designated beneficiary
  • Prohibits state agencies from seeking payment under 26 U.S.C. § 529A from ABLE savings trust accounts or proceeds to recoup benefits provided to the beneficiary, except where required by federal law
  • Maintains existing protections exempting ABLE account funds from attachment, garnishment, and other creditor processes
  • Takes effect immediately upon passage

Legislative Description

Prohibits the state from seeking reimbursement for expenditures made on behalf of disabled Rhode Islanders from an ABLE account after the death of the designated beneficiary.

State Affairs And Government

Last Action

Introduced, referred to Senate Judiciary

3/4/2026

Committee Referrals

Judiciary3/4/2026

Full Bill Text

No bill text available