119th (2025–2027)
S. 4493
This bill clarifies that direct deposit can be used to make contributions to ABLE programs, which are tax-advantaged savings accounts designed for individuals with disabilities and their families. The legislation removes any legal ambiguity that might prevent employers or financial institutions from allowing workers to direct a portion of their paychecks directly into these ABLE accounts. The bill affects anyone with a disability who uses an ABLE account, as well as employers and banks that administer payroll and financial services. There is no specific funding or implementation timeline mentioned in the legislation, as it is primarily a clarification of existing law rather than an appropriations measure.