,,ii #aag? ,,congress #b;d ,session ,s4 #ciic ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #e1 #bjbb,ms4 ,cortez ,ma/o 7= h]self & ,mr4 ,cornyn7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to all[ p5alty-free )drawals f retirem5t plans = dome/ic abuse victims4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,sav+s ,access ,= ,escap+ & ,rebuild+ ,act ( #bjbb or ! ,,saf] ,act4 #b4 ,p5alty-free )drawals f retirem5t plans = individuals 9 case ( dome/ic abuse 7a7 ,9 g5]al ,section #gb7t77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,i7 ,di/ributions f retirem5t plan 9 case ( dome/ic abuse 7i7 ,9 g5]al ,any eligible di/ribution to a dome/ic abuse victim4 7ii7 ,limitation ,! aggregate am\nt :i* may be treat$ z an eligible di/ribution to a dome/ic abuse victim by any individual %all n exce$ an am\nt equal to ! less] (-- 7,i7 #aj1jjj1 or 7,,ii7 #ej p]c5t ( ! pres5t value ( ! non=feitable accru$ b5efit ( ! employee "u ! plan4 7iii7 ,eligible di/ribution to a dome/ic abuse victim ,= purposes ( ?is subp>agraph-- 7,i7 ,9 g5]al ,a di/ribution %all be treat$ z an eligible di/ribution to a dome/ic abuse victim if su* di/ribution is f an applicable eligible retirem5t plan to an individual & made dur+ ! #a-ye> p]iod beg9n+ on any date on :i* ! individual is a victim ( dome/ic abuse by a sp\se or dome/ic p>tn]4 7,,ii7 ,dome/ic abuse ,! t]m dome/ic abuse means physical1 psy*ological1 sexual1 emotional1 or economic abuse1 includ+ ef=ts to control1 isolate1 humiliate1 or intimidate ! victim1 or to und]m9e ! victim's ability to reason indep5d5tly1 includ+ by means ( abuse ( ! victim's *ild or ano!r family memb] liv+ 9 ! h\sehold4 7iv7 ,treatm5t ( plan di/ributions 7,i7 ,9 g5]al ,if a di/ribution to an individual w\ld 7)\t reg>d to clause 7ii77 be an eligible di/ribution to a dome/ic abuse victim1 a plan %all n be treat$ z fail+ to meet any requirem5t ( ?is title m]ely because ! plan treats ! di/ribution z an eligible di/ribution to a dome/ic abuse victim1 unless ! aggregate am\nt ( su* di/ributions f all plans ma9ta9$ by ! employ] 7& any memb] ( any controll$ gr\p :i* includes ! employ]7 to su* individual exce$s ! limitation "u clause 7ii74 7,,ii7 ,controll$ gr\p ,= purposes ( subclause 7,i71 ! t]m controll$ gr\p means any gr\p treat$ z a s+le employ] "u subsection 7b71 7c71 7m71 or 7o7 ( section #dad4 7v7 ,am\nt di/ribut$ may be repaid 7,i7 ,9 g5]al ,any individual :o receives a di/ribution describ$ 9 clause 7i7 may1 at any "t dur+ ! #c-ye> p]iod beg9n+ on ! day aft] ! date on :i* su* di/ribution 0 receiv$1 make "o or m contributions 9 an aggregate am\nt n to exce$ ! am\nt ( su* di/ribution to an applicable eligible retirem5t plan ( :i* su* individual is a b5efici>y & to :i* a rollov] contribution ( su* di/ribution c\ld be made "u section #djb7;c71 #djc7;a77#d71 #djc7;b77#h71 #djh7;d77#c71 or #deg7;e77#af71 z ! case may be4 7,,ii7 ,limitation on contributions to applicable eligible retirem5t plans o!r ?an iras ,! aggregate am\nt ( contributions made by an individual "u subclause 7,i7 to any applicable eligible retirem5t plan :i* is n an individual retirem5t plan %all n exce$ ! aggregate am\nt ( eligible di/ributions to a dome/ic abuse victim :i* are made f su* plan to su* individual4 ,subclause 7,i7 %all n apply to contributions to any applicable eligible retirem5t plan :i* is n an individual retirem5t plan unless ! individual is eligible to make contributions 7o!r ?an ^? describ$ 9 subclause 7,i77 to su* applicable eligible retirem5t plan4 7,,iii7 ,treatm5t ( repaym5ts ( di/ributions f applicable eligible retirem5t plans o!r ?an ,i,r,as ,if a contribution is made "u subclause 7,i7 ) respect to an eligible di/ribution to a dome/ic abuse victim f an applicable eligible retirem5t plan o!r ?an an individual retirem5t plan1 !n ! taxpay] %all1 to ! ext5t ( ! am\nt ( ! contribution1 be treat$ z hav+ receiv$ su* di/ribution 9 an eligible rollov] di/ribution 7z def9$ 9 section #djb7;c77#d77 & z hav+ transf]r$ ! am\nt to ! applicable eligible retirem5t plan 9 a direct tru/ee to tru/ee transf] )9 #fj days ( ! di/ribution4 7,,iv7 ,treatm5t ( repaym5ts = di/ributions f ,i,r,as ,if a contribution is made "u subclause 7,i7 ) respect to an eligible di/ribution to a dome/ic abuse victim f an individual retirem5t plan1 !n1 to ! ext5t ( ! am\nt ( ! contribution1 su* di/ribution %all be treat$ z a di/ribution describ$ 9 section #djh7;d77#c7 & z hav+ be5 transf]r$ to ! applicable eligible retirem5t plan 9 a direct tru/ee to tru/ee transf] )9 #fj days ( ! di/ribution4 7vi7 ,def9ition & special rules ,= purposes ( ?is subp>agraph3 7,i7 ,applicable eligible retirem5t plan ,! t]m applicable eligible retirem5t plan means an eligible retirem5t plan 7z def9$ 9 section #djb7;c77#h77;,b77 o!r ?an a def9$ b5efit plan4 7,,ii7 ,exemption ( di/ributions f tru/ee to tru/ee transf] & )hold+ rules ,= purposes ( sections #dja7;a77#ca71 #djb7;f71 & #cdje1 an eligible di/ribution to a dome/ic abuse victim %all n be treat$ z an eligible rollov] di/ribution4 7,,iii7 ,di/ributions treat$ z meet+ plan di/ribution requirem5ts2 self-c]tification ,any di/ribution :i* ! employee or p>ticipant c]tifies z be+ an eligible di/ribution to a dome/ic abuse victim %all be treat$ z meet+ ! requirem5ts ( sections #dja7k77#b77;,b77i71 #djc7;b77#g77;,a77i71 #djc7;b77#aa71 & #deg7;d77#a77;,a74 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to di/ributions made aft] ! date ( ! enactm5t ( ?is ,act4