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Clarifying Direct Deposit for ABLE Disability Savings Accounts.

This bill ensures that individuals can use direct deposit (automatic transfers) to contribute money to their ABLE savings accounts. ABLE accounts are special, tax-advantaged savings plans designed to help people with disabilities cover essential expenses. This change makes saving for disability-related needs simpler and more automatic for families and beneficiaries.
Key points
Confirms the right to use direct deposit for contributions to qualified ABLE programs.
Simplifies the process of regularly saving money in tax-advantaged accounts for disability expenses.
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Expired
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Additional Information
Print number: 118_S_4909
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2024-07-31
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4909.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-07-31.

What are the main provisions?

Key points include:

  • Confirms the right to use direct deposit for contributions to qualified ABLE programs.
  • Simplifies the process of regularly saving money in tax-advantaged accounts for disability expenses.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Casey, Robert P., Jr. [D-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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