119 HR 9489 IH: GRACE for Military Survivors Act U.S. House of Representatives 2026-06-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 9489IN THE HOUSE OF REPRESENTATIVESJune 25, 2026Mr. Thompson of California (for himself, Mr. Steube, Mr. Vargas, Mr. Bergman, Mr. Ellzey, Ms. Norton, Mr. Buchanan, Ms. Sewell, Mr. Harrigan, Ms. Moore of Wisconsin, Mrs. Kiggans of Virginia, and Mr. Thanedar) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to extend the time period for the contribution of military death benefits to Roth IRAs and Coverdell education savings accounts.

1.

Short title

This Act may be cited as the GRACE for Military Survivors Act.

2.

Extension of time period for contribution of military death benefits to Roth IRAs and Coverdell education savings accounts

(a)

In general

Sections 408A(e)(2)(A) and 530(d)(9)(A) of the Internal Revenue Code of 1986 are each amended by striking 1-year period and inserting 3-year period.(b)

Effective dates

(1)

In general

Except as provided by paragraph (2), the amendments made by this section shall apply to amounts received under section 1477 of title 10, United States Code, or section 1967 of title 38 of such Code, on or after the date of the enactment of this Act.(2)

Application of amendments to amounts received between October 7, 2001 and before enactment

The amendments made by this section shall apply to any contribution made pursuant to section 408A(e)(2)(A) or 530(d)(5) of the Internal Revenue Code of 1986, as amended by this Act, with respect to amounts received under section 1477 of title 10, United States Code, or section 1967 of title 38 of such Code, on or after October 7, 2001, and before the date of the enactment of this Act, if such contribution is made before the later of—(A)the date which is 3 years after the date on which such amounts were so received, or(B)the date which is 1 year after the date of the enactment of this Act.