U.S. Congress legislation · 119th Congress
SB5445: GRACE for Military Survivors Act
Status: In committee, September 22, 2026
A bill to amend the Internal Revenue Code of 1986 to extend the time period for the contribution of military death benefits to Roth IRAs and Coverdell education savings accounts.
What the bill says
To amend the Internal Revenue Code of 1986 to extend the time period for the contribution of military death benefits to Roth IRAs and Coverdell education savings accounts.
From the introduced text, September 22, 2026:
A BILL To amend the Internal Revenue Code of 1986 to extend the time period for the contribution of military death benefits to Roth IRAs and Coverdell education savings accounts. SECTION 1. Short title This Act may be cited as the GRACE for Military Survivors Act . SECTION 2. Extension of time period for contribution of military death benefits to Roth IRAs and Coverdell education savings accounts (a) In general Sections 408A(e)(2)(A) and 530(d)(9)(A) of the Internal Revenue Code of 1986 are each amended by striking 1-year period and inserting 3-year period . (b) Effective dates (1) In general Except as provided by paragraph (2), the amendments made by this section shall apply to amounts received under section 1477 of title 10, United States Code, or section 1967 of title 38 of such Code, on or after the date of the enactment of this Act. (2) Application of amendments to amounts received between October 7, 2001 and before enactment The amendments made by this section shall apply to any contribution made pursuant to section 408A(e)(2)(A) or 530(d)(5) of the Internal Revenue Code of 1986, as amended by this Act, with respect to amounts received under section 1477 of title 10, United States Code, or section 1967 of title 38 of such Code, on or after October 7, 2001, and before …
Sponsors
- Blumenthal, Richard (D) · primary sponsor
- Sheehy, Tim (R)
Latest actions
- : Read twice and referred to the Committee on Finance.
- : Introduced in Senate
Subjects: Taxation
Common questions
- What is SB5445?
- SB5445 is a bill in Congress (119th Congress): GRACE for Military Survivors Act.
- What does SB5445 do?
- In its own words: To amend the Internal Revenue Code of 1986 to extend the time period for the contribution of military death benefits to Roth IRAs and Coverdell education savings accounts.
- What is the status of SB5445?
- In committee as of September 22, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 22, 2026).
- Who sponsored SB5445?
- Blumenthal, Richard (D), with 1 co-sponsor.
- Where is the official record for SB5445?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5445
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.