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119-s-5445119th CongressWALLET

GRACE for Military Survivors Act

Sponsored By: Senator Blumenthal, Richard [D-CT]

Introduced

Summary

Extend the time survivors have to put military death benefits into tax-advantaged accounts — from one year to three years. This bill would replace the current 1-year contribution window with a 3-year window and add a retroactive transitional rule for earlier payments.

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Bill Overview

Analyzed Economic Effects

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

More time for military survivors' savings

If enacted, you would be able to put military death benefits into a Roth IRA or a Coverdell Education Savings Account up to three years after you get the money. This would apply only to benefits paid under 10 U.S.C. §1477 or 38 U.S.C. §1967. For benefits received on or after the enactment date, the allowed contribution deadline would be three years after the payment date. For benefits received between October 7, 2001 and the date of enactment, you would have until the later of three years after the payment date or one year after enactment to make a contribution.

Sponsors & CoSponsors

Sponsor

Blumenthal, Richard [D-CT]

CT • D

Cosponsors

  • Sen. Sheehy, Tim [R-MT]

    MT • R

    Sponsored 9/22/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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