,,ii  #aag? ,,congress  #b;d ,session   
,s4 #ddjj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ad1 #bjbb,mr4   
,burr 7= himself & ,mr4 ,casey7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to all[ = special 
rollov]s to ,ro? ,i,r,as f long-t]m     
qualifi$ tuition programs4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,college
 ,sav+s ,recov]y ,act4  #b4 ,special    
rollov] to ,ro? ,,ira f long-t]m        
qualifi$ tuition program  7a7 ,9 g5]al  
,p>agraph 7#c7 ( section #ebi7;c7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subp>agraph3  7,e7 ,special rollov] to  
,ro? ,,ira f long-t]m qualifi$ tuition  
program ,= purposes ( ?is section-- 7i7 
,9 g5]al ,9 ! case ( a di/ribution f a  
qualifi$ tuition program :i* has be5    
ma9ta9$ by an acc\nt own] 9 "o or m     
qualifi$ tuition programs = ! #aj-ye>   
p]iod end+ on ! date ( su* di/ribution--

 7,i7 subp>agraph 7,a7 %all n apply to  
any portion ( su* di/ribution :i* is    
paid 9 a direct tru/ee-to-tru/ee transf]
 to a ,ro? ,,ira ma9ta9$ = ! b5efit (   
su* acc\nt own] or ! designat$ b5efici>y
 "u su* qualifi$ tuition program1 &     
7,,ii7 su* portion %all be treat$ z a   
rollov] contribution = purposes (       
section #djh;,a7e74  7ii7 ,limitation   
,clause 7i7 %all only apply to s mu* (  
any di/ribution z does n exce$ ! less]  
(-- 7,i7 ! am\nt applicable to ! acc\nt 
own] or ! designat$ b5efici>y1 z ! case 
may be1 "u section #djh;,a7c77#b7 = !   
taxable ye> 7r$uc$ by ! am\nt (         
aggregate contributions made dur+ !     
taxable ye> be=e ! date ( su*           
di/ribution to all individual retirem5t 
plans ma9ta9$ = ! b5efit ( ! acc\nt own]
 or designat$ b5efici>y1 z ! case may   
be71 or  7,,ii7 ! aggregate am\nt       
contribut$ to ! program 7& e>n+s        
attributable !reto7 be=e ! #e-ye> p]iod 
end+ on ! date ( ! di/ribution4  7iii7  
,acc\nt own] ,= purposes ( ?is          

subp>agraph1 ! t]m acc\nt own] means !  
individual :o e/abli%$ ! qualifi$       
tuition program acc\nt "u applicable    
,/ate law4  4  7b7 ,qualifi$ rollov]    
contribution ,p>agraph 7#a7 ( section   
#djh;,a7e7 ( su* ,code is am5d$-- 7#a7  
by /rik+ ! p]iod at ! end ( subp>agraph 
7,b7 & ins]t+ 1 &1  7#b7 by ins]t+ aft] 
subp>agraph 7,b7 ! foll[+ new           
subp>agraph3  7,c7 f a qualifi$ tuition 
program to ! ext5t provid$ 9 section    
#ebi7;c77#c77;,e74  1 &  7#c7 by add+ at
 ! end ! foll[+ new s5t5ce3 ,"u         
regulations e/abli%$ by ! ,secret>y1 !  
e>n+s & contributions ( any qualifi$    
tuition program f :i* a qualifi$ rollov]
 contribution is made "u subp>agraph    
7,c7 %all be treat$ 9 ! same mann] z !  
e>n+s & contributions ( a ,ro? ,,ira f  
:i* a qualifi$ rollov] contribution is  
made "u subp>agraph 7,a744  7c7 ,report+
 ,section #ebi7;d7 ( su* ,code is       
am5d$-- 7#a7 by /rik+ ,ea* (fic] &      
ins]t+ ! foll[+3  7#a7 ,9 g5]al ,ea*    
(fic]  1  7#b7 by /rik+ by ?is          

subsection & ins]t+ by ?is p>agraph1 &  
7#c7 by add+ at ! end ! foll[+ new      
p>agraph3  7#b7 ,rollov] di/ributions ,9
 ! case ( any di/ribution describ$ 9    
subsection 7c77#c77;,a71 ! (fic] or     
employee hav+ control ( ! qualifi$      
tuition program 7or _! designee7 %all   
provide a report to ! tru/ee ( ! ,ro?   
,,ira to :i* ! di/ribution is made4 ,su*
 report %all be fil$ at su* "t & 9 su*  
mann] z ! ,secret>y may require & %all  
include in=mation ) respect to !        
contributions1 di/ributions1 & e>n+s ( !
 qualifi$ tuition program z ( ! date ( !
 di/ribution describ$ 9 subsection      
7c77#c77;,a71 toge!r ) su* o!r matt]s z 
! ,secret>y may require4  4  7d7        
,effective date ,! am5dm5ts made by ?is 
section %all apply ) respect to         
di/ributions aft] ,decemb] #ca1 #bjbb4