[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4493 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4493

    To clarify the use of direct deposit for contributions to ABLE 
                               programs.


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                   IN THE SENATE OF THE UNITED STATES

                              May 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).
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