GRACE for Military Survivors Act
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
The GRACE for Military Survivors Act, introduced in the Senate, proposes to change rules for contributing certain military death benefits. Specifically, it would extend the time period allowed for these benefits to be contributed to Roth IRAs and Coverdell education savings accounts. The bill amends existing tax code sections to replace a one-year period with a three-year period for these contributions.
This legislation would affect individuals who receive military death benefits. It would allow them more time to contribute these benefits to their Roth IRAs or Coverdell accounts. The bill also includes provisions for amounts received after October 7, 2001, and before the law's enactment, allowing contributions up to three years after receipt or one year after enactment, whichever is later.
Currently, the bill has been introduced in the Senate and referred to the Committee on Finance. It must pass the Senate, then the House of Representatives, and be signed by the President to become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
22 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5445 do?
- The GRACE for Military Survivors Act, introduced in the Senate, proposes to change rules for contributing certain military death benefits. Specifically, it would extend the time period allowed for these benefits to be contributed to Roth IRAs and Coverdell education savings accounts. The bill amends existing tax code sections to replace a one-year period with a three-year period for these contributions. This legislation would affect individuals who receive military death benefits. It would allow them more time to contribute these benefits to their Roth IRAs or Coverdell accounts. The bill also includes provisions for amounts received after October 7, 2001, and before the law's enactment, allowing contributions up to three years after receipt or one year after enactment, whichever is later. Currently, the bill has been introduced in the Senate and referred to the Committee on Finance. It must pass the Senate, then the House of Representatives, and be signed by the President to become law.
- Has S. 5445 become law?
- The source does not supply a confirmed lifecycle stage for S. 5445. Check the latest action and official source below.
- Who sponsored S. 5445?
- S. 5445 was sponsored by Sen. Blumenthal, Richard [D-CT] (D-CT), with 1 cosponsor.
- What's the latest action on S. 5445?
- Read twice and referred to the Committee on Finance. (22 Sep 2026).
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