The bill would extend the contribution window from one year to three years and provide a special deadline for eligible benefits received before it becomes law.AI-written
INTRO SEP 22· LAST ACTION SEP 22
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Introduced only
tl;dr
AI-written
More time for survivors to put certain military death benefits into retirement or education savings accounts. The bill also covers some benefits received as far back as 2001.
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
Recipients would have a longer period to decide whether to put these benefits into the specified savings accounts. The retroactive provision could also let some people who received benefits in earlier years make a qualifying contribution, subject to the bill’s deadline.
KEY PROVISIONS
3AI-extracted
PROVISION 01
Changes the contribution period for qualifying military death benefits from one year to three years for Roth IRAs and Coverdell education savings accounts.
Eligible recipients would have more time to make these contributions.
PROVISION 02
Applies the three-year period to qualifying benefits received on or after the bill becomes law.
The longer period would apply to future benefit payments covered by the bill.
PROVISION 03
Covers qualifying benefits received from October 7, 2001, until the bill becomes law, if contributions are made by the later of three years after receipt or one year after enactment.
Some recipients of past benefits could get additional time to make a contribution.
IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED SEP 22, 2026
Senate BillS 5445
GRACE for Military Survivors Act
The bill would extend the contribution window from one year to three years and provide a special deadline for eligible benefits received before it becomes law.AI-written
More time for survivors to put certain military death benefits into retirement or education savings accounts. The bill also covers some benefits received as far back as 2001.
Recipients would have a longer period to decide whether to put these benefits into the specified savings accounts. The retroactive provision could also let some people who received benefits in earlier years make a qualifying contribution, subject to the bill’s deadline.
KEY PROVISIONS
AI-extracted
high
Changes the contribution period for qualifying military death benefits from one year to three years for Roth IRAs and Coverdell education savings accounts.
Eligible recipients would have more time to make these contributions.
med
Applies the three-year period to qualifying benefits received on or after the bill becomes law.
The longer period would apply to future benefit payments covered by the bill.
high
Covers qualifying benefits received from October 7, 2001, until the bill becomes law, if contributions are made by the later of three years after receipt or one year after enactment.
Some recipients of past benefits could get additional time to make a contribution.
For qualifying benefits received on or after enactment, the contribution period would be three years after the benefit is received.
The later of 3 years after receipt or 1 year after enactment
For qualifying benefits received from October 7, 2001, until enactment, the contribution must be made by the later of three years after receipt or one year after enactment.
GLOSSARY
AI-written
Roth IRA
A type of retirement savings account with tax rules set by federal law.
Coverdell education savings account
A savings account intended for education expenses.
Military death benefits
Benefits paid under the military-related federal laws cited in the bill after a person's death.