S 4493 United States Senate · 119th Congress

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

This bill clarifies that individuals are legally permitted to use direct deposit to make contributions to ABLE accounts, which are savings plans designed to help people with disabilities save for qualified expenses. By explicitly stating that no existing law prohibits this method of payment, the legislation removes potential confusion or barriers for donors and financial institutions. The change does not alter the core rules of ABLE programs but simply confirms a practical way for people to fund these accounts.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
President
Introduced May 12, 2026 Last action May 12, 2026
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Total actions
2
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0
Committee
1
May 12, 2026
Committee
Read twice and referred to the Committee on Finance.
upper
May 12, 2026
Introduced
Introduced in Senate
upper
1 primary · 7 co-sponsors

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