United States · Bill · S
S. 2505 (110th)
A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.
Introduced
18 December 2007
Last action
18 December 2007 · Introduced
Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
Sponsors
Sen. Cantwell, Maria [D-WA], Sen. Hatch, Orrin G. [R-UT], Sen. Chambliss, Saxby [R-GA], Sen. Isakson, Johnny [R-GA], Sen. Johnson, Tim [D-SD], Sen. Cardin, Benjamin L. [D-MD], Sen. Stabenow, Debbie [D-MI], Sen. Gregg, Judd [R-NH], Sen. Levin, Carl [D-MI], Sen. Kerry, John F. [D-MA], Sen. Bunning, Jim [R-KY], Sen. Snowe, Olympia J. [R-ME], Sen. Coleman, Norm [R-MN], Sen. Dodd, Christopher J. [D-CT], Sen. Klobuchar, Amy [D-MN]
Subjects
Taxation, Aviation
Source updated
5 December 2025
Summary
Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 December 2007
Introduced
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
Source: IntroReferral
18 December 2007
Introduced
Sponsor introductory remarks on measure. (CR S15919)
Source: IntroReferral
18 December 2007
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 18 December 2007 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 18 December 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 18 December 2007
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Introduced in Senate
summary · EN · 18 December 2007
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Cantwell, Maria [D-WA] · D · Sponsor
- Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
- Sen. Chambliss, Saxby [R-GA] · R · Cosponsor
- Sen. Isakson, Johnny [R-GA] · R · Cosponsor
- Sen. Johnson, Tim [D-SD] · D · Cosponsor
- Sen. Cardin, Benjamin L. [D-MD] · D · Cosponsor
- Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
- Sen. Gregg, Judd [R-NH] · R · Cosponsor
- Sen. Levin, Carl [D-MI] · D · Cosponsor
- Sen. Kerry, John F. [D-MA] · D · Cosponsor
- Sen. Bunning, Jim [R-KY] · R · Cosponsor
- Sen. Snowe, Olympia J. [R-ME] · R · Cosponsor
- Sen. Coleman, Norm [R-MN] · R · Cosponsor
- Sen. Dodd, Christopher J. [D-CT] · D · Cosponsor
- Sen. Klobuchar, Amy [D-MN] · D · Cosponsor
- · ssfi00 · Standing
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/2505
- Open data entity: https://api.congress.gov/v3/bill/110/s/2505
- us · 110-s-2505 · source updated 5 December 2025