GRACE for Military Survivors Act

Sponsor: Mike Thompson (Democratic-CA)June 25, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Ways and Means.

More time for military families to save death benefits

Military families would get more time to put death benefits into special savings accounts. Right now, they have one year to put this money into Roth IRAs or Coverdell education accounts. This bill would give them three years, helping families plan.

What Would Change

Today, military survivors have one year to contribute military death benefits to Roth IRAs and Coverdell education savings accounts. If this bill becomes law, they would have three years to make these contributions, giving them more time to plan. This change would apply to future benefits and some past benefits received since October 7, 2001.

Key Provisions

Extends the time military survivors have to contribute death benefits to Roth IRAs from one year to three years.
Extends the time military survivors have to contribute death benefits to Coverdell education savings accounts from one year to three years.
Applies these new rules to military death benefits received on or after the date the bill becomes law.
Allows a longer window for contributions of military death benefits received as far back as October 7, 2001, under specific conditions.

View on Congress.gov

HR 9489 · 119th Congress · June 25, 2026 · AI Summary by gemini-2.5-flash · 10/10

GRACE for Military Survivors Act

What Would Change

Key Provisions

Lobbying Activity