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

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4909 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4909

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


_______________________________________________________________________


                   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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).
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