United States · Bill · S
S. 324 (114th)
SEAL Act
Introduced
30 January 2015
Last action
30 January 2015 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Sen. Enzi, Michael B. [R-WY], Sen. Nelson, Bill [D-FL]
Subjects
Taxation
Source updated
12 August 2025
Summary
Shrinking Emergency Account Losses Act of 2015 or the SEAL Act Amends the Internal Revenue Code, with respect to loans made from a qualified employer pension plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts. Requires the Secretary of the Treasury to modify regulations governing hardship distributions from qualified employer pension plans to allow participants to make additional contributions to a plan during the six month period following a hardship distribution.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
30 January 2015
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
30 January 2015
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 30 January 2015 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 30 January 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 30 January 2015
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Introduced in Senate
summary · EN · 30 January 2015
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. Enzi, Michael B. [R-WY] · R · Sponsor
- Sen. Nelson, Bill [D-FL] · D · Sponsor
- · ssfi00 · Standing
Related records
- related to → SEAL Act
- related to ← Retirement Enhancement and Savings Act of 2016
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/324
- Open data entity: https://api.congress.gov/v3/bill/114/s/324
- us · 114-s-324 · source updated 12 August 2025