,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bdbj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #aa1 #bjag,mr4   
,r\z] introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide = tax pref]r$ 
sav+s acc\nts = individuals "u age #bf1 
& = o!r purposes4  #a4 ,"y sav]s acc\nts
  7a7 ,e/abli%m5t ( acc\nts  7#a7 ,9    
g5]al ,section #djh;,a ( ! ,int]nal     
,rev5ue ,code ( #aihf 7relat+ to ,ro?   
,i,r,as7 is am5d$ by add+ at ! end !    
foll[+ new subsection3  7g7 ,"y sav]s   
acc\nt  7#a7 ,9 g5]al ,except z provid$ 
9 ?is subsection1 a "y sav]s acc\nt %all
 be treat$ 9 ! same mann] z a ,ro?      
,,ira4  7#b7 ,"y sav]s acc\nt ,=        
purposes ( ?is subsection1 ! t]m "y     
sav]s acc\nt means1 ) respect to any    
taxable ye>1 a ,ro? ,,ira :i* is        
e/abli%$ & ma9ta9$ on behalf ( an       
individual :o has n atta9$ age #bf be=e 
! close ( ! taxable ye>4  7#c7          
,contribution limits  7,a7 ,limit on    

acc\nts ) respect to individual ,9 !    
case ( any contributions = any taxable  
ye> to "o or m "y sav]s acc\nts e/abli%$
 & ma9ta9$ on behalf ( an individual1 ! 
am\nt det]m9$ ) respect to su*          
individual "u subsection 7c77#b77;,a7   
%all be treat$ z ! am\nt 9 effect = !   
taxable ye> "u section #bai7;b77#e7     
7det]m9$ )\t reg>d to subp>agraph 7,b7  
!re(74  7,b7 ,limit on contributors ,!  
aggregate am\nt ( qualifi$ "y sav]      
contributions an individual may make =  
any taxable ye> to all "y sav]s acc\nts 
%all n exce$ ! d$uctible am\nt 9 effect 
= ! taxable ye> "u section #bai7;b77#e7 
7det]m9$ )\t reg>d to subp>agraph 7,b7  
!re(74  7,c7 ,special rule =            
recontribution ( am\nt di/ribut$ = high]
 education exp5ses ,9 ! case ( a "y     
sav]s acc\nt f :i* an individual        
receives a di/ribution to :i* section   
#gb7t77#b77;,e7 applies 7or w\ld h      
appli$ _h su* di/ribution be5 includible
 9 gross income71 subp>agraphs 7,a7 &   
7,b7 %all n apply to any contribution   

made by su* individual to a ,ro? ,,ira (
 su* individual 7& !re %all n be tak5   
into acc\nt "u subsection 7c77#b7 any   
su* contribution7 to ! ext5t su*        
contribution does n exce$ ! excess 7if  
any7 (--  7i7 ! aggregate am\nt ( su*   
di/ributions made dur+ ! #bj-ye> p]iod  
end+ on ! date ( ! contribution to :i*  
?is subp>agraph is appli$1 ov]  7ii7 !  
aggregate am\nt ( contributions to :i*  
?is subp>agraph applies = all taxable   
ye>s4  7#d7 ,qualifi$ contributions ,=  
purposes ( ?is subsection1 ! t]m        
qualifi$ "y sav] contribution means a   
contribution by an individual 7) respect
 to :om a "y sav]s acc\nt is n e/abli%$ 
& ma9ta9$ dur+ ! taxable ye>7 to a "y   
sav]s acc\nt e/abli%$ & ma9ta9$ on      
behalf ( ano!r individual4  4  7b7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjag4