119 S4493 IS: To clarify the use of direct deposit for contributions to ABLE programs. U.S. Senate 2026-05-12 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.

II119th CONGRESS2d SessionS. 4493IN THE SENATE OF THE UNITED STATESMay 12, 2026Mr. 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 FinanceA BILLTo clarify the use of direct deposit for contributions to ABLE programs.

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).