,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #daha  ,,in ,,the ,,house ,,of  
,,representatives  ,august #i1 #bjai,mr4
 ,griffith introduced the following     
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to allow distributions  
from qualified cash or deferred         
arrangements in the event that the      
employer files for chapter #aa          
bankruptcy and the employee is not      
regularly scheduled for work or paid4   
#a4 ,distributions from qualified cash  
or deferred arrangements allowed in     
chapter #aa bankruptcy if employee not  
regularly scheduled for work or paid    
7a7 ,in general ,section                
#dja7k77#b77;,b77i7 of the ,internal    
,revenue ,code of #aihf is amended by   
striking or at the end of subclause     
7,,iv71 by striking and at the end of   
subclause 7,v7 and inserting 1 or1 and  
by inserting after subclause 7,v7 the   
following new subclause3  7,,vi7 in the 

case of a qualified bankruptcy          
reorganization delay distribution 7as   
defined in paragraph 7#ae771 the        
beginning of the period described in    
paragraph 7#ae77;,a77iii71 and  4  7b7  
,qualified bankruptcy reorganization    
delay distribution ,section #dja7k7 of  
such ,code is amended by adding at the  
end the following new paragraph3  7#ae7 
,qualified bankruptcy reorganization    
delay distribution  7,a7 ,in general    
,for purposes of paragraph              
7#b77;,b77i77,,vi71 the term qualified  
bankruptcy reorganization delay         
distribution means any distribution to  
an employee if--  7i7 the employer has  
filed a case under chapter #aa of title 
#aa1 ,united ,states ,code1 and is under
 the jurisdiction of the court in such  
case1  7ii7 such employee1 at any time  
after the filing of such case1 is not   
scheduled to work for at least the      
number of hours that such employee is   
customarily scheduled to work or is not 
paid on or before the time that such    

employee is customarily paid1 and  7iii7
 such distribution is made during the   
period beginning with the first time    
which is described in clause 7ii7 with  
respect to such employee and ending on  
the first date thereafter on which such 
employee is scheduled to work for at    
least the number of hours that such     
employee is customarily scheduled to    
work and is paid at the time such       
employee is customarily paid 7or1 if    
earlier1 ending on the date of severance
 from employment74  7,b7 ,limitation on 
distributions ,the aggregate amount of  
distributions received by any employee  
which may be treated as qualified       
bankruptcy reorganization delay         
distributions with respect to any case  
described in subparagraph 7,a77i7 shall 
not exceed the amount which bears the   
same proportion to such employee's      
annual salary as the period beginning   
with the beginning of the period        
described in subparagraph 7,a77iii7 and 
ending on the date of the distribution  

bears to a calendar year4  4  7c7       
,effective date  7#a7 ,in general ,the  
amendments made by this section shall   
apply to distributions made after the   
date of the enactment of this ,act4     
7#b7 ,transition ,during the #b-year    
period beginning with the date of the   
enactment of this ,act1 a plan shall not
 fail to satisfy any provision of the   
,internal ,revenue ,code of #aihf merely
 because the terms of the plan do not   
provide for making qualified bankruptcy 
reorganization delay distributions 7as  
defined in section #dja7k77#ae7 of such 
,code1 as added by this section7 but    
such plan nonetheless provides for such 
distributions4