To amend the Internal Revenue Code of 1986 to require section 401(k) plans to accept loan repayments after an employee has involuntarily separated from service with the employer.

Summary

Amends the Internal Revenue Code to require pension plans of the cash or deferred arrangement type which allows loans to be made to employees, to permit employees who have been involuntarily separated to make loan repayments under such plan without regard to such separation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 April 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 April 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 April 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 April 1991

  Open at official source

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Sponsors

• Rep. Machtley, Ronald K. [R-RI-1] · R · Sponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Cosponsor
• · hswm00 · Standing

Related records

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