S3975Referred to Committee

IRA Charitable Rollover Facilitation and Enhancement Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-03
Introduced
5
Cosponsors
S
Type

Sponsor

Todd Young
Todd Young
Republican · IN · Senator
Votes with party: 34.4% (323 recorded votes)

Full profile: /officials/Y000064

Source: Congress.gov · FEC

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-03-03

Source: Congress.gov

Plain-English Summary

This bill would make it easier for people over 70½ to donate money directly from their retirement accounts (IRAs) to charities without having to pay taxes on those donations. Currently, these charitable donations have strict limits and complicated rules, so the bill aims to expand how much people can give and simplify the process. This would benefit both older Americans who want to support causes they care about and charities that receive donations.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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