S 3975
IRA Charitable Rollover Facilitation and Enhancement Act of 2026
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill would allow taxpayers to transfer up to $300,000 from their Individual Retirement Accounts (IRAs) to donor-advised funds as a charitable contribution. Currently, there are restrictions on making these types of transfers. The bill removes these restrictions, making it easier for individuals to support charities through their retirement accounts. This change would simplify the process of charitable giving for many Americans.
Key provisions
- Allows transfers of up to $300,000 from IRAs to donor-advised funds.
- Removes the restriction preventing transfers to donor-advised funds.
- The change applies to distributions made after the bill’s enactment.
Who is affected
- Taxpayers with IRAs
- Donor-advised fund sponsors
- Charitable organizations
Notable changes
- Eliminates the existing limitation on charitable rollovers from IRAs to donor-advised funds.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.
119th CONGRESS — 2d Session
S. 3975
IN THE SENATE OF THE UNITED STATES
A BILL
To amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.
This Act may be cited as the IRA Charitable Rollover Facilitation and Enhancement Act of 2026
.
or any fund or account described in section 4966(d)(2).
The amendment made by this section shall apply to distributions after the date of the enactment of this Act.