,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ddjc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #d1 #bjad ,ms4 
,cl>ke ( ,new ,york 7= h]self1 ,mr4     
,rangel1 ,mr4 ,grimm1 ,mrs4 ,mc,carthy (
 ,new ,york1 & ,mr4 ,ri*mond7 introduc$ 
! foll[+ bill2 :i* 0 ref]r$ to !        
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to waive ! #aj-p]c5t p5alty on    
qualifi$ natural disa/] di/ributions f  
qualifi$ retirem5t plans4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,home[n]
 ,disa/] ,relief ,act ( #bjad4  #b4     
,waiv] ( #aj-p]c5t p5alty on qualifi$   
natural disa/] di/ributions f qualifi$  
retirem5t plans  7a7 ,9 g5]al ,section  
#gb7t77#b7 ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ by add+ at ! end ! foll[+
 new subp>agraph3  7,h7 ,qualifi$       
natural disa/] di/ributions  7i7 ,9     
g5]al ,any qualifi$ natural disa/]      
di/ribution4  7ii7 ,cross ref]5ce ,=    
def9itions & rules relat$ to qualifi$   
natural disa/] di/ributions1 see        

p>agraph 7#aa74  4  7b7 ,def9itions &   
special rules ,section #gb7t7 ( su*     
,code is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#aa7 ,qualifi$ natural 
disa/] di/ributions  7,a7 ,9 g5]al      
,except z provid$ 9 subp>agraph 7,b71 ! 
t]m qualifi$ natural disa/] di/ribution 
means any di/ribution f an individual   
retirem5t plan1 or f am\nts attributable
 to employ] contributions made pursuant 
to elective def]rals describ$ 9         
subp>agraph 7,a7 or 7,c7 ( section      
#djb7;g77#c7 or section                 
#eja7;c77#ah77;,d77iii71 to an          
individual if--  7i7 su* individual     
su/a9$ an economic loss by reason ( a   
f$]ally decl>$ disa/]1  7ii7 ! pr9cipal 
place ( abode ( su* individual on !     
disa/] decl>ation date is 9 ! disa/]    
area1 &  7iii7 su* di/ribution is made  
dur+ ! #a-ye> p]iod beg9n+ on ! disa/]  
decl>ation date4  7,b7 ,aggregate doll> 
limitation  7i7 ,9 g5]al ,! aggregate   
am\nt ( di/ributions receiv$ by an      
individual :i* may be treat$ z qualifi$ 

natural disa/] di/ributions = any       
taxable ye> ) respect to any f$]ally    
decl>$ disa/] %all n exce$ ! excess 7if 
any7 (--  7,i7 #ajj1jjj1 ov]  7,,ii7 !  
aggregate am\nts treat$ z qualifi$      
natural disa/] di/ributions ) respect to
 su* f$]ally decl>$ disa/] receiv$ by   
su* individual = all prior taxable ye>s4
  7ii7 ,treatm5t ( plan di/ributions ,if
 a di/ribution to an individual w\ld    
7)\t reg>d to clause 7i77 be a qualifi$ 
natural disa/] di/ribution1 a plan %all 
n be treat$ z violat+ any requirem5t (  
?is title m]ely because ! plan treats   
su* di/ribution z a qualifi$ natural    
disa/] di/ribution1 unless ! aggregate  
am\nt ( su* di/ributions f all plans    
ma9ta9$ by ! employ] 7& any memb] ( any 
controll$ gr\p :i* includes ! employ]7  
to su* individual exce$s #ajj1jjj4      
7iii7 ,controll$ gr\p ,= purposes (     
clause 7ii71 ! t]m controll$ gr\p means 
any gr\p treat$ z a s+le employ] "u     
subsection 7b71 7c71 7m71 or 7o7 (      
section #dad4  7,c7 ,am\nt di/ribut$ may

 be repaid ,any individual :o receives a
 qualifi$ natural disa/] di/ribution    
may1 at any "t dur+ ! #c-ye> p]iod      
beg9n+ on ! day aft] ! date on :i* su*  
di/ribution 0 receiv$1 make "o or m     
contributions to an individual retirem5t
 plan ( su* individual 9 an aggregate   
am\nt n to exce$ ! am\nt ( su*          
di/ribution4 ,! doll> limitations       
o!rwise applicable to contributions to  
individual retirem5t plans %all n apply 
to any contribution made pursuant to !  
prec$+ s5t5ce4 ,no d$uction %all be     
all[$ = any contribution pursuant to ?is
 subp>agraph4  7,d7 ,f$]ally decl>$     
disa/] ,= purposes ( ?is p>agraph--  7i7
 ,9 g5]al ,! t]m f$]ally decl>$ disa/]  
means any disa/] subsequ5tly det]m9$ by 
! ,presid5t ( ! ,unit$ ,/ates to w>rant 
assi/ance by ! ,f$]al ,gov]nm5t "u !    
,rob]t ,t4 ,/af=d ,disa/] ,relief &     
,em]g5cy ,assi/ance ,act4  7ii7 ,disa/] 
area ,! t]m disa/] area means ! area s  
det]m9$ to w>rant su* assi/ance4  7iii7 
,disa/] decl>ation date ,! t]m disa/]   

decl>ation date means ! date ( su*      
det]m9ation4  4  7c7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to di/ributions made aft] ! date ( !    
enactm5t ( ?is ,act4