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119-s-4493119th Congress

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

Sponsored By: Senator Van Hollen, Chris [D-MD]

Introduced

Summary

Protects direct deposit as an allowed way to put money into ABLE accounts. The bill would state that no provision of law should be read to prevent using direct deposit to make contributions to qualified ABLE programs as defined in section 529A of the Internal Revenue Code.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Use direct deposit for ABLE accounts

This bill would let you use direct deposit to put money into a qualified ABLE account. It would not change tax rules, contribution limits, or who may open an ABLE account. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Van Hollen, Chris [D-MD]

MD • D

Cosponsors

  • Sen. Moran, Jerry [R-KS]

    KS • R

    Sponsored 5/12/2026

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 5/12/2026

  • Sen. Tillis, Thomas [R-NC]

    NC • R

    Sponsored 5/12/2026

  • Sen. Fetterman, John [D-PA]

    PA • D

    Sponsored 6/9/2026

  • Sen. Duckworth, Tammy [D-IL]

    IL • D

    Sponsored 6/9/2026

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 6/9/2026

  • Sen. Sanders, Bernard [I-VT]

    VT • I

    Sponsored 6/9/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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