,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #aicb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #bg1 #bjai,ms4   
,s*ri] 7= h]self1 ,ms4 ,del,bene1 ,mr4  
,panetta1 ,mr4 ,?ompson ( ,cali=nia1    
,ms4 ,sn*ez1 ,ms4 ,judy ,*u ( ,cali=nia1
 & ,mr4 ,gomez7 introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to treat z        
comp5sation = purposes ( retirem5t      
contribution limitations any difficulty 
( c>e paym5ts exclud$ f gross income4   
#a4 ,treat+ exclud$ difficulty ( c>e    
paym5ts z comp5sation = det]m9+         
retirem5t contribution limitations  7a7 
,individual retirem5t acc\nts  7#a7 ,9  
g5]al ,section #djh7o7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new p>agraph3  7#e7   
,special rule = difficulty ( c>e paym5ts
 exclud$ f gross income ,9 ! case ( an  
individual :o = a taxable ye> excludes f
 gross income "u section #aca a qualifi$
 fo/] c>e paym5t :i* is a difficulty (  

c>e paym5t1 if--  7,a7 ! d$uctible am\nt
 9 effect = ! taxable ye> "u subsection 
7b71 exce$s  7,b7 ! am\nt ( comp5sation 
includible 9 ! individual's gross income
 = ! taxable ye>1  ! individual may     
elect to increase ! nond$uctible limit  
"u p>agraph 7#b7 = ! taxable ye> by an  
am\nt equal to ! less] ( su* excess or !
 am\nt s exclud$4  4  7#b7 ,effective   
date ,! am5dm5ts made by ?is section    
%all apply to contributions aft] ! date 
( ! enactm5t ( ?is ,act4  7b7 ,def9$    
contribution plans ,section #dae7;c7 (  
su* ,code is am5d$ by add+ at ! end !   
foll[+ new p>agraph3  7#h7 ,special rule
 = difficulty ( c>e paym5ts exclud$ f   
gross income  7,a7 ,9 g5]al ,= purposes 
( p>agraph 7#a77;,b71 9 ! case ( an     
individual :o = a taxable ye> excludes f
 gross income "u section #aca a qualifi$
 fo/] c>e paym5t :i* is a difficulty (  
c>e paym5t1 ! p>ticipant's comp5sation1 
or e>n$ income1 z ! case may be1 %all be
 increas$ by ! am\nt s exclud$4  7,b7   
,contributions allocable to difficulty (

 c>e paym5ts treat$ z aft]-tax ,any     
contribution by ! p>ticipant :i* is     
allocable to an am\nt s exclud$-- 7i7   
%all be treat$ = purposes ( ?is title z 
inve/m5t 9 ! contract1 &  7ii7 %all n   
cause a plan 7& any arrangem5t :i* is "p
 ( su* plan7 to be treat$ z fail+ to    
meet any requirem5ts ( ?is *apt] solely 
by reason ( all[+ any su* contributions4
  4  7c7 ,effective date ,! am5dm5t made
 by ?is subsection %all apply to plan   
ye>s beg9n+ aft] ,decemb] #ca1 #bjae4