,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #dfgb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bb1 #bjba,mr4  
,suozzi 7= himself & ,mr4 ,w5/rup7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code to all[ employ]s to contribute to 
,,able acc\nts 9 lieu ( retirem5t plan  
contributions4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,,able ,employm5t  
,flexibility ,act4  #b4 ,protect+ work+ 
able individuals f los+ b5efits because 
( retirem5t plan rules  7a7 ,9 g5]al    
,section #dad ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by add+ at ! end !    
foll[+ new subsection3  7aa7 ,,able     
acc\nt contributions  7#a7 ,9 g5]al ,an 
applicable employ] plan 7z def9$ 9      
subsection 7v77#f77;,a77 t is a def9$   
contribution plan %all n be treat$ z    
fail+ to meet any requirem5t ( ?is title
 solely because ! plan provides t an    
eligible ,,able individual may elect = a
 plan ye> t employ] contributions t w\ld

 o!rwise be made "u ! t]ms ( ! plan =   
su* plan ye> %all 79 lieu ( contribution
 to ! plan7 be contribut$ by ! employ]  
to a qualifi$ ,,able program describ$ 9 
section #ebi;,a on behalf ( su* eligible
 ,,able individual4  7#b7 ,no d$uction =
 am\nts contribut$ to able acc\nt       
,except z provid$ 9 p>agraph 7#d71      
am\nts contribut$ pursuant to ! election
 "u p>agraph 7#a7 to a qualifi$ ,,able  
program %all n be treat$ z a            
contribution to an applicable employ]   
plan4  7#c7 ,univ]sal availability      
,p>agraph 7#a7 %all n apply unless !    
plan provides ! election describ$ !re9  
is available to all eligible ,,able     
individuals :o are eligible to          
p>ticipate 9 ! plan4  7#d7 ,application 
( nondiscrim9ation rules ,"u rules      
prescrib$ by ! ,secret>y1 = purposes (  
apply+ sections #dja7;a77#d71           
#dja7k77#c71 #dja7k77#ab71 #dja7k77#ac71
 #dja7m77#b71 #djc7;b77#ab71            
#djh7k77#c71 #djh7p77#b77;iii71         
#djh7p77#b77;,b71 #daj1 & #daf1         

contributions made to a qualifi$ ,,able 
program pursuant to ! election made     
describ$ 9 p>agraph 7#a7 %all be treat$ 
z if su* contributions 7 made to ! plan4
  7#e7 ,ca% or def]r$ arrangem5t ,a plan
 %all n fail to include a qualifi$ ca%  
or def]r$ arrangem5t describ$ 9 section 
#dja7k77#a7 solely because su* plan     
provides = ! election describ$ 9        
p>agraph 7#a74  7#f7 ,eligible able     
individual ,= purposes ( ?is subsection1
 ! t]m eligible ,,able individual means 
an employee :o1 z ( ! fir/ day ( a plan 
ye>1 is an eligible individual )9 !     
mean+ ( section #ebi;,a7e77#a7 = !      
taxable ye> conta9+ su* fir/ day ( !    
plan ye>4  7#g7 ,treatm5t ( p]missive   
)drawals ,an eligible ,,able individual 
may direct t am\nts eligible = )drawal f
 an eligible contribution arrangem5t    
pursuant to section #dad7w7 be          
contribut$ to a qualifi$ ,,able program 
describ$ 9 section #ebi;,a on behalf (  
su* eligible ,,able individual4  4  7b7 
,treatm5t z b5efici>y contribution      

,section #ebi;,a7b77#g7 ( su* ,code is  
am5d$ by r$esignat+ subp>agraph 7,b7 z  
subp>agraph 7,c7 & ins]t+ z subp>agraph 
7,b73  7,b7 ,employ] contributions      
,contributions made to a qualifi$ ,,able
 program by an employ] on behalf ( a    
designat$ b5efici>y describ$ 9 ?is      
p>agraph pursuant to p>agraph 7#a7 or   
7#f7 ( section #dad7;a77a7 %all be      
treat$ z made by ! designat$ b5efici>y =
 purposes ( p>agraph 7#b77;,b77ii74  4  
7c7 ,cl>ification ( availability (      
employ] contributions ,section          
#ebi;,a7e7 ( su* ,code is am5d$ by add+ 
! foll[+ p>agraph 7#g7 at ! end !re(3   
7#g7 ,employ] contributions ,an employ] 
( an eligible individual may contribute 
to any qualifi$ ,,able program = :i* !  
eligible individual is ! designat$      
b5efici>y1 includ+ ?r\gh a contribution 
mat*+ a contribution made by su*        
eligible individual to ! qualifi$ ,,able
 program4  4  7d7 ,d$uction =           
contributions remitt$ by employ] a      
qualifi$ ,,able program ,no lat] ?an #a 

ye> aft] enactm5t1 ! ,secret>y ( !      
,treasury %all-- 7#a7 am5d ,treasury    
,regulations "u section #afb ( su* ,code
 to confirm t contributions made by an  
employ] to a qualifi$ ,,able program    
describ$ 9 section #ebi;,a ( su* ,code  
on behalf ( a eligible ,,able individual
 describ$ 9 section #dad7;aa77#e7 ( su* 
,code :o provides p]sonal s]vices to su*
 employ] %all be consid]$ a reasonable  
all[ance = sal>ies or o!r comp5sation = 
p]sonal s]vice if su* contribution = a  
ye>1 tak+ into acc\nt all o!r           
contributions to su* qualifi$ ,,able    
program does n exce$ ! maximum          
contribution describ$ 9 section         
#ebi;,a7b77#b77;,b7 ( su* ,code2 &  7#b7
 update ! publications issu$ = employ]s 
to enc\rage employ]s (f]+ a retirem5t   
plan ) automatic enrollm5t to notify    
employees t elect n to contribute to !  
plan & t may be eligible to contribute  
to a qualifi$ ,,able program to notify  
su* employee ( ! possibility ( a        
contribution "u section                 

#ebi;,a7b77#b77;,b77ii7 ( su* ,code4    
7e7 ,effective date  7#a7 ,9 g5]al      
,except z provid$ 9 p>agraph 7#b71 !    
am5dm5ts made by ?is section %all be    
effective = plan & taxable ye>s beg9n+  
aft] enactm5t4  7#b7 ,cl>ifications     
,subsections 7c7 & 7d77#a7 %all be      
effective = plan & taxable ye>s beg9n+  
be=e1 on1 & aft] enactm5t4