,,ii #aafth ,,congress #b;d ,session ,s4 #dbig ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bc1 #bjbj,mr4 ,cruz 7for himself1 ,mr4 ,tillis1 ,mr4 ,perdue1 and ,mrs4 ,loeffler7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to allow participants in certain retirement plans to delay their #bjbj contributions to such plans to #bjba or #bjbb1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,addressing ,missed-savings ,opportunities for ,retirement due to an ,epidemic ,act or the ,,amore ,act4 #b4 ,allowance of delay in making #bjbj retirement contributions 7a7 ,in general ,an eligible participant in one or more applicable retirement plans may make additional contributions to such plans for any taxable year beginning in #bjba or #bjbb in an aggregate amount not exceeding the participant's unused #bjbj contribution amount4 7b7 ,treatment of contributions and plans ,for purposes of the ,internal ,revenue ,code of #aihf-- 7#a7 ,treatment of contributions ,in the case of any additional contribution to which subsection 7a7 applies-- 7,a7 such contribution shall not1 with respect to such taxable year-- 7i7 be subject to any otherwise applicable limitation contained in sections #dja7;a77#cj71 #djb7;h71 #djh1 and #dae7;c71 or 7ii7 be taken into account in applying such limitations to other contributions or benefits under such plan or any other such plan1 and 7,b7 except as provided in paragraph 7#b77;,b71 such plan shall not be treated as failing to meet the requirements of section #dja7;a77#d71 #dja7k77#c71 #dja7k77#aa71 #djc7;b77#ab71 #djh7k71 #daj7;b71 or #daf by reason of the making 7or the right to make7 such contribution4 7#b7 ,treatment of applicable plans 7,a7 ,in general ,an applicable employer plan shall not be treated as failing to meet any requirement of such ,code1 or failing to be operated in accordance with the terms of the plan1 solely because the plan-- 7i7 permits an eligible participant to make additional contributions described in subsection 7a7 for any plan year1 or 7ii7 does not make any matching contribution 7as defined in section #dja7m77#d7 of such ,code7 with respect to additional contributions described in subsection 7a7 for any plan year4 7,b7 ,nondiscrimination requirement ,the rules of section #dad7v77#d7 of such ,code shall apply for purposes of this section4 7c7 ,definitions ,for purposes of this section-- 7#a7 ,applicable retirement plan ,the term applicable retirement plan means any plan-- 7,a7 which is-- 7i7 a plan1 arrangement1 or contract to which an elective deferral 7as defined in section #dja7;g77#c7 of the ,internal ,revenue ,code of #aihf7 may be made1 or 7ii7 an individual retirement plan 7as defined in section #ggja7;a77#cg7 of such ,code71 and 7,b7 which allows additional contributions under this section to be made to such plan4 7#b7 ,eligible participant ,the term eligible participant means1 with respect to any taxable year beginning in #bjba or #bjbb1 a participant in a plan-- 7,a7 who has an unused #bjbj contribution amount1 and 7,b7 with respect to whom no other elective deferrals 7or in the case of an individual retirement plan1 no other contributions7 may1 without regard to this section1 be made to the plan for such taxable year by reason of any applicable limitation described in subsection 7b77#a77;,a77i7 or any comparable limitation or restriction contained in the terms of the plan4 ,in determining whether a participant is an eligible participant1 the administrator of an applicable retirement plan may rely on a participant's certification that the participant satisfies the requirements of this paragraph4 7#c7 ,unused #bjbj contribution amount 7,a7 ,in general ,the term unused #bjbj contribution amount means1 with respect to any applicable participant1 the excess 7if any7 for the participant's last taxable year beginning in #bjbj of-- 7i7 in the case of-- 7,i7 the applicable retirement plans described in paragraph 7#a77;,a77i7 of such participant1 the applicable limitations described in subsection 7b77#a77;,a77i7 on aggregate contributions to such plans for such taxable year1 and 7,,ii7 the individual retirement plans of such participant1 the applicable limitations described in subsection 7b77#a77;,a77i7 on aggregate contributions to such plans for such taxable year1 over 7ii7 the aggregate contributions to such applicable retirement plans or individual retirement plans1 whichever is applicable1 for such taxable year 7other than rollover contributions not taken into account in applying such limitations under such ,code74 7,b7 ,reductions for previously used amounts ,the unused #bjbj contribution amount for any taxable year beginning in #bjba or #bjbb shall be reduced by the portion of such amount taken into account under this section for all preceding taxable years4 7,c7 ,secretarial assistance ,the ,secretary of the ,treasury 7or the ,secretary's delegate7 shall include1 with returns of ,federal individual income tax 7or accompanying forms or instructions7 for taxable years beginning in #bjbj and #bjba1 forms or other materials which will assist participants in simply computing their unused #bjbj contribution amount for each taxable year beginning in #bjba or #bjbb4 7d7 ,effective dates 7#a7 ,in general ,this section shall apply for years beginning after ,december #ca1 #bjbj4 7#b7 ,provisions relating to plan or contract amendments 7,a7 ,in general ,if this paragraph applies to any plan or contract amendment-- 7i7 such plan or contract shall not fail to be treated as being operated in accordance with the terms of the plan during the period described in subparagraph 7,b77ii7 solely because the plan operates in accordance with this section1 and 7ii7 except as provided by the ,secretary of the ,treasury 7or the ,secretary's delegate71 such plan or contract shall not fail to meet the requirements of section #daa7;d77#f7 of the ,internal ,revenue ,code of #aihf and section #bjd7;g7 of the ,employee ,retirement ,income ,security ,act of #aigd by reason of such amendment4 7,b7 ,amendments to which paragraph applies 7i7 ,in general ,this paragraph shall apply to any amendment to any plan or annuity contract which-- 7,i7 is made pursuant to the provisions of this section1 and 7,,ii7 is made on or before the last day of the first plan year beginning on or after ,january #a1 #bjbb4 ,in the case of a governmental plan1 subclause 7,,ii7 shall be applied by substituting #bjbd for #bjbb4 7ii7 ,conditions ,this paragraph shall not apply to any amendment unless during the period beginning on the effective date of the amendment and ending on ,december #ca1 #bjbb1 the plan or contract is operated as if such plan or contract amendment were in effect4