S. 4909 allows people to use direct deposit to contribute to ABLE programs, which are savings plans for individuals with disabilities. The bill makes clear that no existing law can block the use of direct deposit for these contributions, helping simplify and secure the...
Simple Explanation
S. 4909 says that people can easily send money straight from their bank to help save for friends or family with disabilities, and there should be no rules stopping this way of saving. It makes saving safer and simpler for everyone involved.