GRACE for Military Survivors Act
Sponsored By: Representative Thompson, Mike [D-CA-4]
Introduced
Summary
Extends the time military survivors have to contribute death benefits into Roth IRAs and Coverdell Education Savings Accounts from 1 year to 3 years. This bill would amend the tax code to replace the "1-year period" with a "3-year period" and includes a transitional rule that can apply to benefits received on or after October 7, 2001.
Show full summary
- Families of deceased service members would have more time to invest death benefits for tax-free growth or education planning, with a 3-year window and a retroactive rule for benefits received back to October 7, 2001.
- The bill amends the Internal Revenue Code provisions that govern Roth IRAs and Coverdell Education Savings Accounts by striking "1-year period" and inserting "3-year period" to set the new contribution timeframe.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More time to save military death benefits
This bill would let survivors who receive military death benefits under 10 U.S.C. 1477 or 38 U.S.C. 1967 put those payments into a Roth IRA or a Coverdell Education Savings Account within three years after they get them. Currently the law limits this to one year. The change would apply to amounts received on or after the bill's enactment date. For payments received between October 7, 2001 and the enactment date, the bill would allow contributions if made before the later of (A) three years after you received the payment, or (B) one year after enactment.
Sponsors & CoSponsors
Sponsor
Thompson, Mike [D-CA-4]
CA • D
Cosponsors
Rep. Steube, W. Gregory [R-FL-17]
FL • R
Sponsored 6/25/2026
Rep. Vargas, Juan [D-CA-52]
CA • D
Sponsored 6/25/2026
Rep. Bergman, Jack [R-MI-1]
MI • R
Sponsored 6/25/2026
Ellzey
TX • R
Sponsored 6/25/2026
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 6/25/2026
Rep. Buchanan, Vern [R-FL-16]
FL • R
Sponsored 6/25/2026
Rep. Sewell, Terri A. [D-AL-7]
AL • D
Sponsored 6/25/2026
Rep. Harrigan, Pat [R-NC-10]
NC • R
Sponsored 6/25/2026
Rep. Moore, Gwen [D-WI-4]
WI • D
Sponsored 6/25/2026
Rep. Kiggans, Jennifer A. [R-VA-2]
VA • R
Sponsored 6/25/2026
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 6/25/2026
Rep. Van Orden, Derrick [R-WI-3]
WI • R
Sponsored 7/2/2026
Rep. Golden, Jared F. [D-ME-2]
ME • D
Sponsored 7/2/2026
Del. Moylan, James C. [R-GU-At Large]
GU • R
Sponsored 7/2/2026
Rep. Davis, Donald G. [D-NC-1]
NC • D
Sponsored 7/2/2026
Rep. Gallagher, James [R-CA-1]
CA • R
Sponsored 7/13/2026
Rep. Grijalva, Adelita S. [D-AZ-7]
AZ • D
Sponsored 7/13/2026
Rep. LaLota, Nick [R-NY-1]
NY • R
Sponsored 7/13/2026
Rep. Houlahan, Chrissy [D-PA-6]
PA • D
Sponsored 7/13/2026
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 7/14/2026
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 7/14/2026
Rep. McGuire, John J. [R-VA-5]
VA • R
Sponsored 7/15/2026
Rep. Escobar, Veronica [D-TX-16]
TX • D
Sponsored 7/15/2026
Rep. Pfluger, August [R-TX-11]
TX • R
Sponsored 7/20/2026
Rep. Kaptur, Marcy [D-OH-9]
OH • D
Sponsored 7/20/2026
Rep. Carter, John R. [R-TX-31]
TX • R
Sponsored 7/20/2026
Rep. Lofgren, Zoe [D-CA-18]
CA • D
Sponsored 7/20/2026
Rep. Bacon, Don [R-NE-2]
NE • R
Sponsored 7/20/2026
Rep. Jackson, Jonathan L. [D-IL-1]
IL • D
Sponsored 7/20/2026
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 7/22/2026
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 7/22/2026
Rep. Murphy, Gregory F. [R-NC-3]
NC • R
Sponsored 7/22/2026
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 7/22/2026
Rep. Miller, Max L. [R-OH-7]
OH • R
Sponsored 7/22/2026
Rep. Bishop, Sanford D., Jr. [D-GA-2]
GA • D
Sponsored 7/22/2026
Rep. Van Duyne, Beth [R-TX-24]
TX • R
Sponsored 7/22/2026
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 7/22/2026
Rep. Smucker, Lloyd [R-PA-11]
PA • R
Sponsored 7/23/2026
Rep. Clarke, Yvette D. [D-NY-9]
NY • D
Sponsored 7/23/2026
Rep. Kustoff, David [R-TN-8]
TN • R
Sponsored 7/23/2026
Rescom. Hernández, Pablo Jose [D-PR-At Large]
PR • D
Sponsored 7/23/2026
Rep. Franklin, Scott [R-FL-18]
FL • R
Sponsored 8/3/2026
Rep. Carson, André [D-IN-7]
IN • D
Sponsored 8/3/2026
Rep. Garcia, Sylvia R. [D-TX-29]
TX • D
Sponsored 8/13/2026
Rep. Jackson, Ronny [R-TX-13]
TX • R
Sponsored 8/13/2026
Rep. Malliotakis, Nicole [R-NY-11]
NY • R
Sponsored 8/17/2026
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 8/17/2026
Rep. Feenstra, Randy [R-IA-4]
IA • R
Sponsored 8/20/2026
Rep. Davis, Danny K. [D-IL-7]
IL • D
Sponsored 8/20/2026
Rep. McCaul, Michael T. [R-TX-10]
TX • R
Sponsored 8/20/2026
Rep. Tran, Derek [D-CA-45]
CA • D
Sponsored 8/20/2026
Rep. Haridopolos, Mike [R-FL-8]
FL • R
Sponsored 8/20/2026
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 8/20/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov