,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ibhf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,novemb] #aj1         
#bjbb,mr4 ,k9d 7= himself & ,mr4 ,kelly 
( ,p5nsylvania7 introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to treat c]ta9    
price protection paym5ts z eligible     
rollov] di/ributions1 & = o!r purposes4 
#a4 ,price protection paym5ts treat$ z  
eligible rollov] di/ributions  7a7 ,9   
g5]al ,section #djb7;c77#d7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$-- 7#a7  
by /rik+ ,= purposes ( & ins]t+--  7,a7 
,9 g5]al ,= purposes (  1  7#b7 by /rik+
 ,if all or any portion & all t foll[s  
?r\gh ! p]iod & ins]t+--  7,b7 ,special 
rule = #bjbj ,if all or any portion  1 &
  7#c7 by add+ at ! end ! foll[+ new    
subp>agraphs3  7,c7 ,c]ta9 price        
protection paym5ts treat$ z eligible    
rollov] di/ributions  7i7 ,di/ributions 
prior to #bjbc ,9 ! case ( a price      
protection paym5t made aft] ,decemb]    

#ab1 #bjai1 ) respect to a plan ye> end+
 be=e ,janu>y #a1 #bjbc1 su* paym5t w be
 treat$ z an eligible rollov]           
di/ribution if su* paym5t is made       
pursuant to a price protection agreem5t 
:i* provides a paym5t to a p>ticipant   
7or b5efici>y ( su* p>ticipant7 :o      
sep>ates f s]vice ) an employ] due to   
retirem5t1 dea? or disability4  7ii7    
,di/ributions aft] #bjbb ,9 ! case ( a  
price protection paym5t made ) respect  
to a plan ye> end+ aft] ,decemb] #ca1   
#bjbb1 su* paym5t w be treat$ z an      
eligible rollov] di/ribution if su*     
paym5t is made pursuant to a price      
protection agreem5t :i*-- 7,i7 is (f]$ z
 "p ( an employee /ock own]%ip plan1    
7,,ii7 cov]s any sep>ation ( s]vice ( a 
plan p>ticipant reg>dless ( ! reason =  
su* sep>ation1 &  7,,iii7 pays price    
protection paym5ts ^u comm5cem5t ( plan 
di/ributions "u section                 
#dji7o77#a77;,a77i74  7,d7 ,def9itions  
,= purposes ( ?is p>agraph-- 7i7 ,price 
protection agreem5t ,! t]m price        

protection agreem5t means an agreem5t   
betwe5 an employ] ma9ta9+ an employee   
/ock own]%ip plan & ! tru/ee ( su* plan1
 pursuant to :i* a p>ticipant or        
b5efici>y receives a price protection   
paym5t = /ock di/ributions f su* plan   
foll[+ an exempt loan tak5 on by !      
employ]4  7ii7 ,price protection paym5t 
,! t]m price protection paym5t means an 
am\nt paid to a plan p>ticipant or      
b5efici>y pursuant to a price protection
 agreem5t if su* agreem5t provides t    
price protection paym5ts w be made--    
7,i7 )9 a specifi$ p]iod ( "t1 n to     
exce$ ! %ort] ( #e ye>s or ! life ( an  
exempt loan1 foll[+ ! pur*ase ( employ] 
securities ) su* loan1 &  7,,ii7 9 an   
am\nt equal to ! excess1 if any1 (--    
7aa7 ! fair m>ket value ( ! %>es (      
employ] securities at ! "t ( !          
di/ribution det]m9$ )\t reg>d to su*    
exempt loan1 ov]  7bb7 ! fair m>ket     
value ( ! employ] securities at ! "t (  
di/ribution4  7iii7 ,employee /ock      
own]%ip plan ,! t]m employee /ock       

own]%ip plan has ! mean+ giv5 su* t]m 9 
section #dige7;e77#g74  7iv7 ,exempt    
loan ,! t]m exempt loan means a loan    
describ$ 9 section #dige7;d77#c74  4    
7b7 ,price protection agreem5ts n       
consid]$ discrim9atory ,section         
#dja7;a77#e7 ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new subp>agraph3 
7,h7 ,price protection agreem5ts ,a plan
 %all n be consid]$ discrim9atory )9 !  
mean+ ( p>agraph 7#d7 m]ely because !   
plan is subject to a price protection   
agreem5t 7z def9$ 9 section             
#djb7;c77#d77;,d77ii77 :i* favors highly
 comp5sat$ employees4  4  7c7 ,price    
protection paym5ts n tak5 into acc\nt = 
purposes ( d$uction limits ,section #djd
 ( su* ,code is am5d$ by add+ at ! end !
 foll[+ new subsection3  7p7 ,price     
protection paym5ts n tak5 into acc\nt = 
purposes ( d$uction limits ,price       
protection paym5ts 7z def9$ 9 section   
#djb7;c77#d77;,d77i77 %all n be subject 
to any limitation conta9$ 9 subsection  
7a77#c74  4  7d7 ,effective dates  7#a7 

,! am5dm5ts made by subsection 7a7 %all 
apply to am\nts paid aft] ,decemb] #ab1 
#bjai4  7#b7 ,! am5dm5ts made by        
subsections 7b7 & 7c7 %all apply to     
am\nts paid 9 plan ye>s end+ aft]       
,decemb] #ca1 #bjbb4