S. 4493

Summary

S. 4493, a bill to clarify the use of direct deposit for contributions to ABLE programs, was introduced in the Senate on May 12, 2026 by Sen. Chris Van Hollen (D) with 7 co-sponsors. It was referred to Finance, and last saw action on May 12, 2026: Read twice and referred to the Committee on Finance.

Record

Text

S. 4493 has 7 co-sponsors.

119 S4493 IS: To clarify the use of direct deposit for contributions to ABLE programs.
 U.S. Senate
 2026-05-12
 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. 4493  IN THE SENATE OF THE UNITED STATES   May 12, 2026   Mr. 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).

Tracker

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

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

Sponsors

Sen. Chris Van Hollen (D) sponsors S. 4493, and 7 members have co-sponsored it, 3 of them from the day it was introduced.

Chris Van Hollen

Sen. · D–MD · Sponsor

Introduced May 12, 2026

Amy Klobuchar

Sen. · D–MN · Co-sponsor

Joined May 12, 2026 · Original

Jerry Moran

Sen. · R–KS · Co-sponsor

Joined May 12, 2026 · Original

Thom Tillis

Sen. · R–NC · Co-sponsor

Joined May 12, 2026 · Original

Tammy Duckworth

Sen. · D–IL · Co-sponsor

Joined Jun 9, 2026

John Fetterman

Sen. · D–PA · Co-sponsor

Joined Jun 9, 2026

Kirsten Gillibrand

Sen. · D–NY · Co-sponsor

Joined Jun 9, 2026

Bernard Sanders

Sen. · I–VT · Co-sponsor

Joined Jun 9, 2026

Show 8 of 8 rows

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Committees

S. 4493 went before 1 committee: Finance.

Finance

Finance

Referred To · May 12, 2026 · 902 Bills

Actions

S. 4493 has taken 2 actions since May 12, 2026.

Votes

S. 4493 has not gone to a roll call.

Titles

S. 4493 goes by 2 titles.

• A bill to clarify the use of direct deposit for contributions to ABLE programs. — Official Title as Introduced
• A bill to clarify the use of direct deposit for contributions to ABLE programs. — Display Title

Lobbying

2 clients hired 2 firms and 6 registered lobbyists who named S. 4493 in 2 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 Education, Financial Institutions/Investments/Securities, Health Issues, Taxation/Internal Revenue Code.

Clients

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

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

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

Classification

The Congressional Research Service files S. 4493 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 4493’s is Taxation.

Source: congress.gov · legiscan.com