,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #daha  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #i1 #bjai,mr4  
,griffi? introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ di/ributions f   
qualifi$ ca% or def]r$ arrangem5ts 9 !  
ev5t t ! employ] files = *apt] #aa      
bankruptcy & ! employee is n regul>ly   
s*$ul$ = "w or paid4  #a4 ,di/ributions 
f qualifi$ ca% or def]r$ arrangem5ts    
all[$ 9 *apt] #aa bankruptcy if employee
 n regul>ly s*$ul$ = "w or paid  7a7 ,9 
g5]al ,section #dja7k77#b77;,b77i7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ or at ! end ( subclause 7,,iv71
 by /rik+ & at ! end ( subclause 7,v7 & 
ins]t+ 1 or1 & by ins]t+ aft] subclause 
7,v7 ! foll[+ new subclause3  7,,vi7 9 !
 case ( a qualifi$ bankruptcy           
reorganization delay di/ribution 7z     
def9$ 9 p>agraph 7#ae771 ! beg9n+ ( !   
p]iod describ$ 9 p>agraph               
7#ae77;,a77iii71 &  4  7b7 ,qualifi$    

bankruptcy reorganization delay         
di/ribution ,section #dja7k7 ( su* ,code
 is am5d$ by add+ at ! end ! foll[+ new 
p>agraph3  7#ae7 ,qualifi$ bankruptcy   
reorganization delay di/ribution  7,a7  
,9 g5]al ,= purposes ( p>agraph         
7#b77;,b77i77,,vi71 ! t]m qualifi$      
bankruptcy reorganization delay         
di/ribution means any di/ribution to an 
employee if--  7i7 ! employ] has fil$ a 
case "u *apt] #aa ( title #aa1 ,unit$   
,/ates ,code1 & is "u ! jurisdiction ( !
 c\rt 9 su* case1  7ii7 su* employee1 at
 any "t aft] ! fil+ ( su* case1 is n    
s*$ul$ to "w = at lea/ ! numb] ( h\rs t 
su* employee is cu/om>ily s*$ul$ to "w  
or is n paid on or be=e ! "t t su*      
employee is cu/om>ily paid1 &  7iii7 su*
 di/ribution is made dur+ ! p]iod beg9n+
 ) ! fir/ "t :i* is describ$ 9 clause   
7ii7 ) respect to su* employee & end+ on
 ! fir/ date !reaft] on :i* su* employee
 is s*$ul$ to "w = at lea/ ! numb] (    
h\rs t su* employee is cu/om>ily s*$ul$ 
to "w & is paid at ! "t su* employee is 

cu/om>ily paid 7or1 if e>li]1 end+ on ! 
date ( sev]ance f employm5t74  7,b7     
,limitation on di/ributions ,! aggregate
 am\nt ( di/ributions receiv$ by any    
employee :i* may be treat$ z qualifi$   
bankruptcy reorganization delay         
di/ributions ) respect to any case      
describ$ 9 subp>agraph 7,a77i7 %all n   
exce$ ! am\nt :i* be>s ! same proportion
 to su* employee's annual sal>y z !     
p]iod beg9n+ ) ! beg9n+ ( ! p]iod       
describ$ 9 subp>agraph 7,a77iii7 & end+ 
on ! date ( ! di/ribution be>s to a     
cal5d> ye>4  4  7c7 ,effective date     
7#a7 ,9 g5]al ,! am5dm5ts made by ?is   
section %all apply to di/ributions made 
aft] ! date ( ! enactm5t ( ?is ,act4    
7#b7 ,transition ,dur+ ! #b-ye> p]iod   
beg9n+ ) ! date ( ! enactm5t ( ?is ,act1
 a plan %all n fail to satisfy any      
provision ( ! ,int]nal ,rev5ue ,code (  
#aihf m]ely because ! t]ms ( ! plan d n 
provide = mak+ qualifi$ bankruptcy      
reorganization delay di/ributions 7z    
def9$ 9 section #dja7k77#ae7 ( su*      

,code1 z add$ by ?is section7 b su* plan
 none!less provides = su* di/ributions4