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

USA119th CongressS-4493| Senate 
| Updated: 5/12/2026
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Cosponsors (7)
Tammy Duckworth (Democratic)Thomas Tillis (Republican)Jerry Moran (Republican)Kirsten E. Gillibrand (Democratic)Amy Klobuchar (Democratic)John Fetterman (Democratic)Bernard Sanders (Independent)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This proposed legislation aims to clarify and facilitate contributions to qualified ABLE programs, which are tax-advantaged savings accounts for individuals with disabilities. It explicitly states that no existing provision of law shall be construed to prohibit the use of direct deposit for making these contributions. This measure seeks to remove any ambiguity or potential legal barriers that might prevent individuals from using direct deposit to fund their ABLE accounts. By ensuring direct deposit is a permissible method, the bill intends to make it easier and more convenient for beneficiaries and their families to save for disability-related expenses. This clarification supports the broader goal of ABLE programs, which is to provide financial flexibility without jeopardizing eligibility for public benefits.
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Timeline

Bill from Previous Congress

S 118-4909
A bill to clarify the use of direct deposit for contributions to ABLE programs.
May 12, 2026
Introduced in Senate
May 12, 2026
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 118-4909
    A bill to clarify the use of direct deposit for contributions to ABLE programs.


  • May 12, 2026
    Introduced in Senate


  • May 12, 2026
    Read twice and referred to the Committee on Finance.

Taxation

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

USA119th CongressS-4493| Senate 
| Updated: 5/12/2026
This proposed legislation aims to clarify and facilitate contributions to qualified ABLE programs, which are tax-advantaged savings accounts for individuals with disabilities. It explicitly states that no existing provision of law shall be construed to prohibit the use of direct deposit for making these contributions. This measure seeks to remove any ambiguity or potential legal barriers that might prevent individuals from using direct deposit to fund their ABLE accounts. By ensuring direct deposit is a permissible method, the bill intends to make it easier and more convenient for beneficiaries and their families to save for disability-related expenses. This clarification supports the broader goal of ABLE programs, which is to provide financial flexibility without jeopardizing eligibility for public benefits.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-4909
A bill to clarify the use of direct deposit for contributions to ABLE programs.
May 12, 2026
Introduced in Senate
May 12, 2026
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 118-4909
    A bill to clarify the use of direct deposit for contributions to ABLE programs.


  • May 12, 2026
    Introduced in Senate


  • May 12, 2026
    Read twice and referred to the Committee on Finance.
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Cosponsors (7)
Tammy Duckworth (Democratic)Thomas Tillis (Republican)Jerry Moran (Republican)Kirsten E. Gillibrand (Democratic)Amy Klobuchar (Democratic)John Fetterman (Democratic)Bernard Sanders (Independent)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted