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S. 3975

U.S. Senate•In Senate Committee

Summary

S. 3975, the IRA Charitable Rollover Facilitation and Enhancement Act of 2026, was introduced in the Senate on Mar 3, 2026 by Sen. Todd Young (R) with 5 co-sponsors. It was referred to Finance, and last saw action on Mar 3, 2026: Read twice and referred to the Committee on Finance.

Record

Text

S. 3975 has 5 co-sponsors.

sb3975/introduced-in-senate.txt
119 S3975 IS: IRA Charitable Rollover Facilitation and Enhancement Act of 2026
 U.S. Senate
 2026-03-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 3975  IN THE SENATE OF THE UNITED STATES   March 3, 2026   Mr. 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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-03-03
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.

Sponsors

Sen. Todd Young (R) sponsors S. 3975, and 5 members have co-sponsored it, 4 of them from the day it was introduced.

Committees

S. 3975 went before 1 committee: Finance.

Finance
Finance
Referred To · Mar 3, 2026 · 902 Bills

Actions

S. 3975 has taken 2 actions since Mar 3, 2026.

ChamberAction
Mar 3, 2026
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Mar 3, 2026
—
Introduced in Senate

Votes

S. 3975 has not gone to a roll call.

1 bill is related to S. 3975.

Titles

S. 3975 goes by 3 titles, 1 of them short titles.

  • IRA Charitable Rollover Facilitation and Enhancement Act of 2026 — Display Title
  • IRA Charitable Rollover Facilitation and Enhancement Act of 2026 — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds. — Official Title as Introduced

Lobbying

6 clients hired 6 firms and 12 registered lobbyists who named S. 3975 in 11 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Retirement, Financial Institutions/Investments/Securities, Labor Issues/Antitrust/Workplace.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
COMMUNITY FOUNDATION AWARENESS INITIATIVE (INFORMAL COALITION)Informal Coalition of Community FoundationsDistrict of Columbia12$390K
UNITED PHILANTHROPY FORUMAssociation that is the largest and most diverse network in American philanthropyDistrict of Columbia12$40K
EDWARD JONES INVESTMENTS—Missouri12$30K
AMERIPRISE FINANCIAL, INC.—District of Columbia12—
COUNCIL ON FOUNDATIONSNonprofit leadership association of philanthropic organizationsDistrict of Columbia12—
NATIONAL PHILANTHROPIC TRUSTPublic charity and manager of donor-advised fundsPennsylvania11$50K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERIPRISE FINANCIAL, INC.12—
COUNCIL ON FOUNDATIONS12—
DAVIS & HARMAN LLP12$30K
UNCORKED ADVOCATES12$40K
VAN SCOYOC ASSOCIATES12$390K
CM STRATEGIC, LLC11$50K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
CHRIS GASTON112
EDWARD SHIMKUS112
ELIZABETH VARLEY112
JENNIFER HOLCOMB112
KENT MASON112
MICHAEL HAMOND112
NIDALE ZOUHIR112
SALLY SCHAEFFER112
STEPHEN CHANG112
JORGE CASTRO111
SUSIE GORDEN111
TED MCCANN111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AMERIPRISE FINANCIAL, INC.AMERIPRISE FINANCIAL, INC.2026 first_quarter$520K1st Quarter - Report
AMERIPRISE FINANCIAL, INC.AMERIPRISE FINANCIAL, INC.2026 second_quarter$280K2nd Quarter - Report
COMMUNITY FOUNDATION AWARENESS INITIATIVE (INFORMAL COALITION)VAN SCOYOC ASSOCIATES2026 second_quarter$200K2nd Quarter - Report
COMMUNITY FOUNDATION AWARENESS INITIATIVE (INFORMAL COALITION)VAN SCOYOC ASSOCIATES2026 first_quarter$190K1st Quarter - Report
COUNCIL ON FOUNDATIONSCOUNCIL ON FOUNDATIONS2026 first_quarter$80K1st Quarter - Report
COUNCIL ON FOUNDATIONSCOUNCIL ON FOUNDATIONS2026 second_quarter$60K2nd Quarter - Report
NATIONAL PHILANTHROPIC TRUSTCM STRATEGIC, LLC2026 second_quarter$50K2nd Quarter - Report
EDWARD JONES INVESTMENTSDAVIS & HARMAN LLP2026 second_quarter$20K2nd Quarter - Report
UNITED PHILANTHROPY FORUMUNCORKED ADVOCATES2026 second_quarter$20K2nd Quarter - Report
UNITED PHILANTHROPY FORUMUNCORKED ADVOCATES2026 first_quarter$20K1st Quarter - Report
EDWARD JONES INVESTMENTSDAVIS & HARMAN LLP2026 first_quarter$10K1st Quarter - Report

Classification

The Congressional Research Service files S. 3975 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3975’s is Taxation.

s3975/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com