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

This bill states that no federal law may be read to block people from using direct deposit to put money into ABLE accounts. ABLE accounts are tax-advantaged savings accounts for people with disabilities, defined in section 529A of the Internal Revenue Code. The bill does not change other rules for these accounts.

Full text and official record on Congress.gov

Sponsors

• Chris Van Hollen Democrat sponsor
• 7 cosponsors