,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bjcj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #f1 #bjag,mr4  
,sam ,johnson ( ,texas 7= himself & ,mr4
 ,neal7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to ext5d ! rollov] p]iod 
= plan loan (fset am\nts & to modify !  
rules relat+ to h>d%ip )drawals f ca% or
 def]r$ arrangem5ts4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,sav+s        
,enhancem5t by ,alleviat+ ,leakage 9    
#dja7k7 ,sav+s ,act4  #b4 ,ext5d$       
rollov] p]iod = plan loan (fset am\nts  
7a7 ,9 g5]al ,p>agraph 7#c7 ( section   
#djb7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by r$esignat+ subp>agraph
 7,b7 z subp>agraph 7,c7 & by ins]t+    
aft] subp>agraph 7,a7 ! foll[+ new      
subp>agraph3  7,b7 ,rollov] ( c]ta9 plan
 loan (fset am\nts  7i7 ,9 g5]al ,9 !   
case ( an eligible rollov] di/ribution (
 a qualifi$ plan loan (fset am\nt1 !    
requirem5ts ( subp>agraph 7,a7 %all be  

treat$ z met if su* transf] occurs on or
 be=e ! due date 7includ+ ext5sions7 =  
fil+ ! return ( tax = ! taxable ye> 9   
:i* su* am\nt is treat$ z di/ribut$ f a 
qualifi$ employ] plan4  7ii7 ,qualifi$  
plan loan (fset am\nt ,= purposes ( ?is 
subp>agraph1 ! t]m qualifi$ plan loan   
(fset am\nt means a plan loan (fset     
am\nt :i* is treat$ z di/ribut$ f a     
qualifi$ employ] plan to a p>ticipant or
 b5efici>y solely by reason (--  7,i7 ! 
t]m9ation ( ! qualifi$ employ] plan1 or 
7,,ii7 ! failure to meet ! repaym5t t]ms
 ( ! loan f su* plan because ( !        
sev]ance f employm5t ( ! p>ticipant4    
7iii7 ,plan loan (fset am\nt ,= purposes
 ( clause 7ii71 ! t]m plan loan (fset   
am\nt means ! am\nt by :i* !            
p>ticipant's accru$ b5efit "u ! plan is 
r$uc$ 9 ord] to repay a loan f ! plan4  
7iv7 ,limitation ,?is subp>agraph %all n
 apply to any plan loan (fset am\nt     
unless su* plan loan (fset am\nt relates
 to a loan to :i* section #gb7p77#a7    
does n apply by reason ( section        

#gb7p77#b74  7v7 ,qualifi$ employ] plan 
,= purposes ( ?is subsection1 ! t]m     
qualifi$ employ] plan has ! mean+ giv5  
su* t]m by section #gb7p77#d74  4  7b7  
,con=m+ am5dm5t ,subp>agraph 7,a7 (     
section #djb7;c77#c7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
subp>agraph 7,b7 & ins]t+ subp>agraphs  
7,b7 & 7,c74  7c7 ,effective date ,!    
am5dm5ts made by ?is section %all apply 
to transf]s made aft] ,decemb] #ca1     
#bjag4  #c4 ,modification ( rules gov]n+
 h>d%ip di/ributions ,n lat] ?an #a ye> 
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y ( ! ,treasury %all modify     
,treasury ,regulation section           
#a4dja7k7-#a7;d77#c77;iv77,e7 to--  7#a7
 delete ! prohibition impos$ by p>agraph
 7#b7 !re(2 &  7#b7 to make any o!r     
modifications necess>y to c>ry out !    
purposes ( section                      
#dja7k77#b77;,b77i77,,iv7 ( ! ,int]nal  
,rev5ue ,code ( #aihf4