S. 3975 — Introduced in Senate

II 119th CONGRESS 2d Session S. 3975 IN THE SENATE OF THE UNITED STATES March 3, 2026Mr. Young (for himself, Mr. Bennet, Mr. Lankford, Ms. Cortez Masto, and Ms. Cantwell) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds. 1. Short title This Act may be cited as the IRA Charitable Rollover Facilitation and Enhancement Act of 2026. 2. Repeal of restriction on charitable rollovers from individual retirement accounts to donor advised funds (a) In general Section 408(d)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking or any fund or account described in section 4966(d)(2). (b) Effective date The amendment made by this section shall apply to distributions after the date of the enactment of this Act.