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119th CONGRESS
1st Session |
To amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.
Mr. Smith of Nebraska (for himself, Mr. Panetta, Mr. Buchanan, Mr. Kelly of Pennsylvania, Ms. Sewell, Mr. Suozzi, Mr. Beyer, Mr. Thompson of California, Mr. Moran, and Mr. Hern of Oklahoma) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “IRA Charitable Rollover Facilitation and Enhancement Act of 2025”.
SEC. 2. Repeal of restriction on charitable rollovers from individual retirement accounts to donor advised funds.
(a) In general.—Section 408(d)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking “or any fund or account described in section 4966(d)(2)”.
(b) Effective date.—The amendment made by this section shall apply to distributions after the date of the enactment of this Act.