Business

New Bill Aims to Allow Retirees to Donate Directly from 401(k)s

Updated 2026-05-18 15:50 UTC 1 source Neutral

A new bipartisan bill proposes allowing retirees to use their 401(k) accounts for direct charitable donations, expanding on current qualified charitable distribution rules.

Coverage timeline — 2 articles

CNBC

Trump ballroom money in question after Senate parliamentarian rules. Thune says GOP will persist

Senate Majority Leader John Thune, R-S.D., said the GOP will refine its approach to seeking money for President Donald Trump's White House ballroom.

2026-05-18 15:09 UTC

CNBC

New bipartisan bill would let retirees use their 401(k) to make direct charitable donations

Under current law, qualified charitable distributions — which are available to people age 70 1/2 — can only be made from individual retirement accounts.

2026-05-18 15:42 UTC