,,ii  #aacth ,,congress  #ast ,session  
,s4 #aggb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #ba1 
#bjac,mr4 ,schumer 7for himself1 ,mrs4  
,gillibrand1 ,mr4 ,pryor1 ,mr4 ,levin1  
,mr4 ,johnson of ,south ,dakota1 and    
,ms4 ,collins7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to expand tax-free            
distributions from individual retirement
 accounts for charitable purposes4  #a4 
,short title ,this ,act may be cited as 
the ,public ,good ,,ira ,rollover ,act  
of #bjac4  #b4 ,tax-free distributions  
from individual retirement accounts for 
charitable purposes  7a7 ,in general    
,paragraph 7#h7 of section #djh7;d7 of  
the ,internal ,revenue ,code of #aihf   
7relating to tax treatment of           
distributions7 is amended to read as    
follows3  7#h7 ,distributions for       
charitable purposes  7,a7 ,in general   
,no amount shall be includible in gross 

income by reason of a qualified         
charitable distribution4  7,b7          
,qualified charitable distribution ,for 
purposes of this paragraph1 the term    
qualified charitable distribution means 
any distribution from an individual     
retirement account-- 7i7 which is made  
directly by the trustee-- 7,i7 to an    
organization described in section       
#agj7;c71 or  7,,ii7 to a split-interest
 entity1 and  7ii7 which is made on or  
after the date that the individual for  
whose benefit the account is maintained 
has attained-- 7,i7 in the case of any  
distribution described in clause        
7i77,i71 age #gja_/b1 and  7,,ii7 in the
 case of any distribution described in  
clause 7i77,,ii71 age #eia_/b4  ,a      
distribution shall be treated as a      
qualified charitable distribution only  
to the extent that the distribution     
would be includible in gross income     
without regard to subparagraph 7,a7 and1
 in the case of a distribution to a     
split-interest entity1 only if no person

 holds an income interest in the amounts
 in the split-interest entity           
attributable to such distribution other 
than one or more of the following3 the  
individual for whose benefit such       
account is maintained1 the spouse of    
such individual1 or any organization    
described in section #agj7;c74  7,c7    
,contributions must be otherwise        
deductible ,for purposes of this        
paragraph-- 7i7 ,direct contributions ,a
 distribution to an organization        
described in section #agj7;c7 shall be  
treated as a qualified charitable       
distribution only if a deduction for the
 entire distribution would be allowable 
under section #agj 7determined without  
regard to subsection 7b7 thereof and    
this paragraph74  7ii7 ,split-interest  
gifts ,a distribution to a              
split-interest entity shall be treated  
as a qualified charitable distribution  
only if a deduction for the entire value
 of the interest in the distribution for
 the use of an organization described in

 section #agj7;c7 would be allowable    
under section #agj 7determined without  
regard to subsection 7b7 thereof and    
this paragraph74  7,d7 ,application of  
,section #gb ,notwithstanding section   
#gb1 in determining the extent to which 
a distribution is a qualified charitable
 distribution1 the entire amount of the 
distribution shall be treated as        
includible in gross income without      
regard to subparagraph 7,a7 to the      
extent that such amount does not exceed 
the aggregate amount which would have   
been so includible if all amounts in all
 individual retirement plans of the     
individual were distributed during the  
taxable year and all such plans were    
treated as #a contract for purposes of  
determining under section #gb the       
aggregate amount which would have been  
so includible4 ,proper adjustments shall
 be made in applying section #gb to     
other distributions in such taxable year
 and subsequent taxable years4  7,e7    
,special rules for split-interest       

entities  7i7 ,charitable remainder     
trusts ,notwithstanding section         
#ffd7;b71 distributions made from a     
trust described in subparagraph 7,g77i7 
shall be treated as ordinary income in  
the hands of the beneficiary to whom is 
paid the annuity described in section   
#ffd7;d77#a77;,a7 or the payment        
described in section #ffd7;d77#b77;,a74 
7ii7 ,pooled income funds ,no amount    
shall be includible in the gross income 
of a pooled income fund 7as defined in  
subparagraph 7,g77ii77 by reason of a   
qualified charitable distribution to    
such fund1 and all distributions from   
the fund which are attributable to      
qualified charitable distributions shall
 be treated as ordinary income to the   
beneficiary4  7iii7 ,charitable gift    
annuities ,qualified charitable         
distributions made for a charitable gift
 annuity shall not be treated as an     
investment in the contract4  7,f7       
,denial of deduction ,qualified         
charitable distributions shall not be   

taken into account in determining the   
deduction under section #agj4  7,g7     
,split-interest entity defined ,for     
purposes of this paragraph1 the term    
split-interest entity means-- 7i7 a     
charitable remainder annuity trust or a 
charitable remainder unitrust 7as such  
terms are defined in section #ffd7;d77  
which must be funded exclusively by     
qualified charitable distributions1     
7ii7 a pooled income fund 7as defined in
 section #fdb7;c77#e771 but only if the 
fund accounts separately for amounts    
attributable to qualified charitable    
distributions1 and  7iii7 a charitable  
gift annuity 7as defined in section     
#eja7m77#e774  4  7b7 ,effective date   
,the amendment made by this section     
shall apply to distributions made in    
taxable years beginning after ,december 
#ca1 #bjac4