A bill to clarify the use of direct deposit for contributions to ABLE programs.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires 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. It relies on compliance mandates. The main policy areas are Tax.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Requires 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...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires 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.
Key Policy Areas
Tax
Primary Purpose
The bill requires 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.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Van Hollen (for himself, Mr. Moran, Ms. Klobuchar, and …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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