Introduced
S. 4493
Introduced in Senate · May 19, 2026May 12, 2026
Mr. Van Hollen (for himself, Mr. Moran, Ms. Klobuchar, and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To clarify the use of direct deposit for contributions to ABLE programs.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Use of direct deposit for contributions to ABLE programs.
No provision of law shall be construed to prevent the use of direct deposit for making contributions to qualified ABLE programs (as defined in section 529A of the Internal Revenue Code of 1986).