S. 4493 — Introduced in Senate

II 119th CONGRESS 2d Session S. 4493 IN THE SENATE OF THE UNITED STATES May 12, 2026Mr. Van Hollen (for himself, Mr. Moran, Ms. Klobuchar, and Mr. Tillis) 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).