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

Bill: 118-s-4909
Sponsor: full_name: Sen. Casey, Robert P., Jr. [D-PA]
Introduced: 2024-07-31
Policy area: Taxation
Latest action: action_date: 2024-07-31
text: Read twice and referred to the Committee on Finance.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 4909 IN THE SENATE OF THE UNITED STATES July 31, 2024 Mr. Casey (for himself, Ms. Hirono , Mr. Wyden , Mr. Welch , Mr. Van Hollen , Ms. Klobuchar , Mr. Sanders , and Ms. Duckworth ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To 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).