S4928Referred to Committee

COVID–19 Commuter Benefits Distribution Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-24
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Kirsten E. Gillibrand
Kirsten E. Gillibrand
Democrat · NY · Senator
Votes with party: 82.2% (835 recorded votes)

Full profile: /officials/G000555

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

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.

2026-06-24

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Workers who have set aside pre-tax money in transportation benefit accounts (used for parking, transit passes, or vanpools) would be allowed to withdraw that money one time without penalty or tax consequences. This would give employees more flexibility to access funds they've already contributed to these accounts, which are typically restricted to transportation-related expenses only. The change would primarily benefit workers who use public transportation or employer-sponsored commuting programs.

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.

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4928 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4928 To allow for one-time distributions from certain transportation fringe benefit accounts. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 24, 2026 Mrs. Gillibrand (for herself and Mr. Schumer) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To allow for one-time distributions from certain transportation fringe benefit accounts. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``COVID-19 Commuter Benefits Distribution Act''. SEC. 2. TREATMENT OF CERTAIN DISTRIBUTIONS FROM TRANSPORTATION FRINGE BENEFIT ACCOUNTS. (a) In General.--In the case of any qualified payment from a specified transportation fringe benefit account-- (1) such qualified payment shall be includible in the gross income of the employee for the taxable year in which such qualified payment is made, and (2) the determination of whether any other payment from such account is a qualified transportation fringe for purposes of section 132 of the Internal Revenue Code of 1986 shall be determined without regard to such qualified payment. (b) Qualified Payment.--For purposes of this section, the term ``qualified payment'' means a one-time payment made during the 6-month period beginning on the date of the enactment of this Act from a specified transportation fringe benefit account to the employee for whose benefit such account is maintained but only to the extent that such payment does not exceed the highest balance of such account during the period beginning on March 13, 2020, and ending on December 31, 2023. (c) Specified Transportation Fringe Benefit Account.--For purposes of this section, the term ``specified transportation fringe benefit account'' means, with respect to any employee, amounts set aside by such employee's employer under a compensation reduction agreement which-- (1) provides for payments to such employee of amounts which are excludible under section 132 of the Internal Revenue Code of 1986 as a qualified transportation fringe (determined after the application of subsection (a)), and (2) provides that unused amounts at the end of a month may be carried forward to the succeeding month (subject to such requirements or limitations as such agreement, the Secretary of the Treasury, or the Secretary's delegate, may provide). <all>
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