New Bill: Senator Todd Young introduces S. 3975: IRA Charitable Rollover Facilitation and Enhancement Act of 2026 - Quiver Quantitative

We have received text from S. 3975: IRA Charitable Rollover Facilitation and Enhancement Act of 2026. This bill was received on 2026-03-03, and currently has 5 cosponsors. Here is a short summary of the bill: This bill, titled the IRA Charitable Rollover Facilitation and Enhancement Act of 2026 , proposes an amendment to the Internal Revenue Code of 1986. The key aspects of the bill include: Charitable Rollovers from Retirement Accounts The main purpose of the bill is to modify the rules regarding charitable rollovers from Individual Retirement Accounts (IRAs). Specifically, it seeks to allow individuals to transfer funds directly from their IRAs to donor advised funds (DAFs) without facing certain restrictions that currently exist. Current Restrictions Under current law, individuals are unable to make tax-free rollovers from their IRAs to donor advised funds. This bill would remove that restriction, thereby allowing these types of transactions to occur. The change is intended to facilitate charitable giving and potentially increase donations to various causes through donor advised funds. Effective Date The provisions of this bill would take effect immediately upon its enactment, applying to all distributions made after the date the bill is signed into law. Impact on Charitable Giving This amendment is designed to enhance the flexibility and appeal of charitable contributions for individuals with retirement accounts. By allowing rollovers to DAFs, the bill aims to enable donors to take tax benefits while still having the ability to recommend charitable grants from the DAF at a later date. Implementation Upon passage, the IRS will be responsible for enforcing the new rules regarding IRA distributions to donor advised funds, ensuring compliance with the amended code. Relevant Companies None found Senator Todd Young Bill Proposals Here are some bills which have recently been proposed by Senator Todd Young: S.4070 : A bill to amend title XIX of the Social Security Act to cover physician services delivered by podiatric physicians to ensure access by Medicaid beneficiaries to appropriate quality foot and ankle care, to amend title XVIII of such Act to modify the requirements for diabetic shoes to be included under Medicare, and for other purposes. S.4069 : A bill to direct the Director of the National Institute of Standards and Technology to establish definitions, standards, resources, and frameworks to ensure certain biological datasets are ready for use in artificial intelligence models, and for other purposes. S.4023 : A bill to establish the America's Living Library Project, and for other purposes. S.3975 : IRA Charitable Rollover Facilitation and Enhancement Act of 2026 S.3952 : Future of Artificial Intelligence Innovation Act of 2026 S.3950 : SAFER Transport Act You can track bills proposed by Senator Todd Young on Quiver Quantitative's politician page for Young . Senator Todd Young Net Worth Quiver Quantitative estimates that Senator Todd Young is worth $91.0K , as of March 19th, 2026. This is the 460th highest net worth in Congress, per our live estimates. Young has approximately $0 invested in publicly traded assets which Quiver is able to track live. You can track Senator Todd Young's net worth on Quiver Quantitative's politician page for Young . 2028 Indiana US Senate Election There has been approximately $11,500,527 of spending in Indiana US Senate elections over the last two years, per our estimates. Approximately $1,083,595 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include: AMERICAN LEADERSHIP PAC ($824,920) HOOSIER HONOR ($223,620) PROTECT FREEDOM POLITICAL ACTION COMMITTEE ($29,282) CLUB FOR GROWTH PAC ($3,625) INDIANA REPUBLICAN STATE COMMITTEE, INC. ($2,147) You can track this election on our matchup page for the 2028 Indiana US Senate election . This article is not financial advice. See Quiver Quantitative's disclaimers for more information.