,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fefb  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ba1 #bjbj,mr4
 ,mc,henry introduced the following     
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to suspend the contribution    
limitations for certain tax-preferred   
retirement accounts4  #a4 ,short title  
,this ,act may be cited as the ,securing
 ,additional ,value for ,every          
,retirement ,saver ,act or the ,,savers 
,act4  #b4 ,suspension of contribution  
limitations for tax-preferred accounts  
7a7 ,defined contribution plans  7#a7   
,aggregate annual additions ,the annual 
addition limitation under section       
#dae7;c77#a7 of the ,internal ,revenue  
,code of #aihf 7and any contribution    
limitation made applicable by reference 
to subparagraph 7,a7 thereof7 for       
calendar year #bjbj1 or any taxable     
years beginning during #bjbj1 as the    
case may be1 shall be an amount equal to
 the lesser of-- 7,a7 #cjj percent of   

the amount otherwise in effect under    
such subparagraph for such calendar or  
taxable year 7determined without regard 
to this paragraph71 or  7,b7 an amount  
equal to the employee's compensation4   
7#b7 ,elective deferrals ,the applicable
 dollar amount for elective deferrals   
under section #djb7;g7 of such ,code for
 any taxable year beginning during      
#bjbj1 and any dollar limitation        
determined by reference thereto1 shall  
not be less than an amount equal to the 
lesser of-- 7,a7 #cjj percent of the    
amount otherwise in effect for the      
taxable year 7determined without regard 
to this paragraph71 or  7,b7 the        
individual's compensation from the      
employer to which the plan relates for  
any taxable year beginning on #bjbj4    
7#c7 #deg ,plans ,the maximum amount    
which may be deferred for a taxable year
 beginning in #bjbj under an eligible   
deferred compensation plan 7as defined  
in subsection 7b7 of section #deg of    
such ,code7 shall not be less than an   

amount equal to the lesser of-- 7,a7    
#cjj percent of the amount otherwise in 
effect for the taxable year under       
subsection 7e77#ae7 thereof 7determined 
without regard to this paragraph71 or   
7,b7 an amount equal to the             
participant's includible compensation   
7as defined in subsection 7e77#e7       
thereof7 for the taxable year4  7b7     
,individual retirement accounts  7#a7   
,in general ,for purposes of taxable    
years beginning in #bjbj1 the limitation
 in effect under section #bai7;b77#a7 of
 such ,code 7and any limitation         
determined by reference to subparagraph 
7,a7 thereof7 shall not be less than an 
amount equal to the lesser of-- 7,a7    
#cjj percent of the amount otherwise in 
effect under such subparagraph for the  
taxable year 7determined without regard 
to this paragraph71 or  7,b7 an amount  
equal to the compensation includible in 
the individual's gross income for such  
taxable year4  7#b7 ,simple retirement  
accounts ,in the case of elective       

employer contributions to a simple      
retirement account 7as defined in       
section #djh7p7 of such ,code7 for      
#bjbj1 the applicable dollar amount     
under paragraph 7#b77;,e7 thereof shall 
not be less than an amount equal to the 
lesser of-- 7,a7 #cjj percent of the    
amount otherwise in effect under such   
paragraph for the year 7determined      
without regard to this paragraph71 or   
7,b7 the employee's compensation4  7c7  
,compensation  7#a7 ,in general ,except 
as otherwise defined for purposes of the
 provision to which one of the preceding
 subsections relates1 the term          
compensation for purposes of this       
section shall have the meaning given    
such term in section #bai of such ,code4
  7#b7 ,election to substitute #bjai    
compensation ,for purposes of           
determining the amount of an            
individual's compensation under         
subsections 7a7 and 7b71 in lieu of     
compensation for #bjbj or taxable years 
beginning in #bjbj1 individuals may     

elect to use compensation for #bjai or  
taxable years beginning #bjai4