,,ii  #aah? ,,congress  #b;d ,session   
,s4 #cgaf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #ca1 #bjbd,mr4 
,casey 7= himself1 ,mr4 ,wyd51 ,mr4     
,s*um]1 ,ms4 ,smi?1 ,mr4 ,fett]man1 &   
,mr4 ,blum5?al7 introduc$ ! foll[+ bill2
 :i* 0 read twice & ref]r$ to !         
,committee on ,f9ance  ,a ,,bill  ,to   
create *ildr5's lifetime sav+s acc\nts1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! #dja,kids ,sav+s   
,acc\nt ,act ( #bjbd4  #b4 #dja,kids    
,acc\nt ,programs  7a7 ,9 g5]al ,section
 #ebi ( ! ,int]nal ,rev5ue ,code ( #aihf
 is am5d$ by r$esignat+ subsection 7f7 z
 subsection 7g7 & by ins]t+ aft]        
subsection 7e7 ! foll[+ new subsection3 
7f7 #dja,kids ,acc\nt ,programs  7#a7 ,9
 g5]al ,a qualifi$ tuition program %all 
n be treat$ z fail+ to meet !           
requirem5ts ( ?is section solely because
 su* program includes a #dja,kids       
,acc\nt ,program4  7#b7 #dja,kids       
,acc\nt ,program ,= purposes ( ?is      
section-- 7,a7 ,9 g5]al ,! t]m #dja,kids

 ,acc\nt ,program means a program       
e/abli%$ & ma9ta9$ by a ,/ate or ag5cy  
or in/rum5tality !re( :i*-- 7i7         
e/abli%es a sav+s acc\nt 7ref]r$ to 9   
?is subsection z a #dja,kids ,sav+s     
,acc\nt7 :i* meets ! requirem5ts ( ?is  
subsection on behalf ( e eligible       
individual z ( ! lat] (-- 7,i7 bir? or  
naturalization1 or  7,,ii7 e/abli%m5t ( 
! program "u ?is section1  includ+      
eligible individuals :o are 9 fo/] c>e1 
9 coord9ation ) ! applicable ,/ate      
ag5cy1 & notifies su* individuals ( !   
e/abli%m5t ( su* acc\nts1  7ii7 requires
 ! assets ( ea* #dja,kids ,sav+s ,acc\nt
 e/abli%$ "u ! program to be held by a  
p]son designat$ by ! ,/ate or ag5cy or  
in/rum5tality1  7iii7 )9 ! limitations (
 p>agraph 7#c71 p]mits contributions to 
be made p]iodically to su* #dja,kids    
,sav+s ,acc\nts by direct deposit ?r\gh 
payroll d$uction or by electronic means1
 & by me?ods t provide access = p )     
limit$ access to ! f9ancial sy/em1  7iv7
 provides = ! annual deposit "u section 

#c7;b77#d7 ( ! #dja,kids ,sav+s ,acc\nt 
,act ( #bjbd & ! mat*+ contributions "u 
section #c7;b77#e7 ( su* ,act to be made
 to su* #dja,kids ,sav+s ,acc\nts1 if   
applicable1  7v7 p]mits di/ributions &  
rollov]s f su* #dja,kids ,sav+s ,acc\nts
 z provid$ 9 p>agraph 7#d71  7vi7 except
 z provid$ 9 ! second s5t5ce ( ?is      
subp>agraph1 prohibits multiple acc\nts 
f be+ e/abli%$ = ! same individual1 &   
includes-- 7,i7 proc$ures to consolidate
 multiple acc\nts e/abli%$ = ! same     
individual & return excess contributions
 on an annual basis1 ) notice provid$ to
 ! p>5t or gu>dian ( ! individual 7or1  
if appropriate1 to ! individual7 & a    
proc$ure = resolution ( disputes1 &     
7,,ii7 proc$ures by :i* all acc\nts     
e/abli%$ are report$ to ! ,secret>y to  
ensure compliance ) ?is clause1  7vii7  
p]mits1 n less frequ5tly ?an once p]    
ye>1 = an acc\nt to be mov$ f "o ,/ate  
program to ano!r or betwe5 a ,/ate      
program & ! ,f$]al #dja,kids ,acc\nt    
,program1 &  7viii7 ensures t su*       

#dja,kids ,sav+s ,acc\nts are inve/$ 9  
accordance ) prud5t inve/m5t /rategies  
:i* are 9 ! be/ int]e/ ( eligible       
individuals4  7,b7 ,collective acc\nt ,=
 purposes ( subp>agraph 7,a71 a ,/ate   
may e/abli% a collective acc\nt = all   
eligible individuals 9 ! ,/ate :i* is   
own$ by ! ,/ate1 b only if-- 7i7 ! ,/ate
 program provides = sep>ate acc\nt+ =   
ea* su* individual1  7ii7 all[s su*     
acc\nt to receive contributions describ$
 9 subp>agraph 7,a77iv71 &  7iii7 if su*
 acc\nt does n p]mit contributions by   
p]sons o!r ?an ! ,/ate or ! ,secret>y1  
p]mits = ! e/abli%m5t ( a l9k$ acc\nt "u
 ! program :i* accepts contributions by 
su* o!r p]sons z provid$ 9 subp>agraph  
7,a77iii7 & :i* is aggregat$ = purposes 
( any limitation "u ?is section ) !     
am\nts cr$it$ to ! eligible individual 9
 ! ,/ate collective acc\nt4  7,c7       
,c]tification ,a program ( a ,/ate %all 
n be treat$ z a #dja,kids ,acc\nt       
,program unless su* program is c]tifi$  
by ! ,secret>y z meet+ ! requirem5ts (  

?is subsection4  7#c7 ,limitations  7,a7
 ,contribution m9imum ,a #dja,kids      
,acc\nt ,program may e/abli% m9imum     
am\nts = initial & additional           
contributions to a #dja,kids ,sav+s     
,acc\nt1 n to exce$ #aj4  7,b7          
,contribution limitation  7i7 ,9 g5]al  
,contributions to a #dja,kids ,sav+s    
,acc\nt "u a #dja,kids ,acc\nt ,program 
dur+ any taxable ye> 7o!r ?an           
contributions made "u section #c7;b77#d7
 or #c7;b77#e7 ( ! #dja,kids ,sav+s     
,acc\nt ,act ( #bjbd7 %all n be accept$ 
to ! ext5t su* contributions exce$      
#b1ejj4  7ii7 ,inflation adju/m5t ,9 !  
case ( any cal5d> ye> aft] #bjbd1 !     
#b1ejj am\nt 9 clause 7i7 %all be       
increas$ by an am\nt equal to-- 7,i7 su*
 doll> am\nt2 multipli$ by  7,,ii7 !    
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye>1 det]m9$ by   
sub/itut+ cal5d> ye> #bjbc = cal5d> ye> 
#bjaf 9 subp>agraph 7,a77ii7 !re(4  ,if 
any doll> am\nt z increas$ "u ! prec$+  
s5t5ce is n a multiple ( #e1 su* doll>  

am\nt %all be r\nd$ to ! ne>e/ multiple 
( #e4  7,c7 ,limitation on p>ticipation 
,)9 a reasonable am\nt ( "t be=e ! date 
an eligible individual atta9s age #ag1 !
 program %all provide notice to !       
eligible individual & ! p>5t or gu>dian 
( ! eligible individual t-- 7i7 no      
deposits "u p>agraph 7#d7 or 7#e7 (     
section #c7;b7 ( ! #dja,kids ,sav+s     
,acc\nt ,act ( #bjbd w be made = cal5d> 
ye>s aft] ! ye> 9 :i* ! individual      
atta9s age #ah1  7ii7 any contributions 
made by any p]son aft] ! date !         
individual atta9s age #ah w be tak5 into
 acc\nt z provid$ 9 subp>agraph 7,f71 & 
7iii7 ! individual may elect to h !     
acc\nt balance roll$ ov] or di/ribut$ z 
provid$1 & at ! "t specifi$1 9 p>agraph 
7#d74  7,d7 ,/ate contributions ,! ,/ate
 e/abli%+ or ma9ta9+ a #dja,kids ,acc\nt
 ,program may make contributions "u su* 
program to acc\nts e/abli%$ or ma9ta9$  
!reund]4 ,su* contributions-- 7i7 %all n
 be tak5 into acc\nt = purposes (       
subp>agraph 7,b71 &  7ii7 may be limit$ 

to eligible individuals resid+ 9 ! ,/ate
 at ! "t ! contribution is made4  7,e7  
,coord9ation ) am\nts contribut$ =      
qualifi$ high] education exp5ses  7i7 ,9
 g5]al ,contributions to a qualifi$     
tuition program :i* are n contribut$ to 
a #dja,kids ,acc\nt ,program %all n be  
tak5 into acc\nt "u subp>agraph 7,b71 & 
contributions to a #dja,kids ,acc\nt    
,program %all n be tak5 into acc\nt =   
purposes ( subsection 7b77#f74  7ii7    
,transf]s f qualifi$ tuition program    
,am\nts contribut$ to a qualifi$ tuition
 program 7o!r ?an to a #dja,kids ,acc\nt
 ,program :i* is "p ( su* qualifi$      
tuition program7 may be transf]r$ to a  
#dja,kids ,sav+s ,acc\nt e/abli%$ "u a  
#dja,kids ,acc\nt ,program on behalf ( !
 designat$ b5efici>y1 subject to !      
limitation ( subp>agraph 7,b74 ,=       
purposes ( su* limitation1 any su*      
transf] 9 a taxable ye> %all be         
aggregat$ ) any o!r contributions to su*
 #dja,kids ,acc\nt program 7o!r ?an     
contributions made "u section #c7;b77#d7

 or #c7;b77#e7 ( ! #dja,kids ,sav+s     
,acc\nt ,act ( #bjbd74  7,f7 ,am\nts    
contribut$ aft] age #ah ,any            
contribution by any p]son to a #dja,kids
 ,sav+s ,acc\nt aft] ! date ! individual
 on ^: behalf ! acc\nt is e/abli%$      
atta9s age #ah %all be treat$ = purposes
 ( section #djh;,a7c77#b7 z a           
contribution to a ,ro? ,,ira ma9ta9$ = !
 b5efit ( ! individual1 & no su*        
contribution %all be accept$ to ! ext5t 
su* contribution1 :5 aggregat$ ) all    
contributions = ! taxable ye> to all    
,ro? ,i,r,as ma9ta9$ = ! b5efit ( !     
individual1 exce$s ! limitation (       
section #djh;,a7c77#b74  7#d7           
,di/ributions  7,a7 ,9 g5]al ,am\nts 9 a
 #dja,kids ,sav+s ,acc\nt "u a #dja,kids
 ,acc\nt ,program-- 7i7 if su* am\nts   
are held 9 a collective acc\nt own$ by !
 ,/ate1 may be roll$ ov] into a l9k$    
acc\nt "u ! program :i* accepts         
contributions by p]sons o!r ?an ! ,/ate1
 or m]g$ ) su* an acc\nt previ\sly      
e/abli%$1 aft] ! date ! individual on ^:

 behalf ! acc\nt 0 e/abli%$ atta9s age  
#ah 7or e>li] z p]mitt$ by ! ,/ate      
program71 &  7ii7 aft] ! date !         
individual on ^: behalf ! acc\nt 0      
e/abli%$ atta9s age #ah1 may be-- 7,i7  
di/ribut$ to su* individual 9 ca%1      
7,,ii7 transf]r$ directly to an eligible
 educational in/itution1 mortgagee1     
l5d]1 or gu>antor ) respect to an exp5se
 describ$ 9 subp>agraph 7,e77i71 or     
7,,iii7 contribut$ 9 a direct transf] to
 an ,,able acc\nt 7z def9$ 9 section    
#ebi;,a7e77#f77 or a ,ro? ,,ira ( !     
individual1 &  7iii7 if ! individual ^: 
behalf ! acc\nt 0 e/abli%$ does n elect 
to receive any su* di/ribution1 %all    
rema9 9 ! acc\nt4  7,b7 ,treatm5t (     
di/ributions ,no am\nt %all be          
includible 9 gross income "u subsection 
7c77#c77;,a7 by reason ( any ca%        
di/ribution f an acc\nt "u a #dja,kids  
,acc\nt ,program :i* is made aft] ! date
 ! individual on ^: behalf su* acc\nt 0 
e/abli%$ atta9s age #ah1 to ! ext5t su* 
di/ribution does n exce$ ! qualifi$     

exp5ses ( ! individual :i* are paid or  
incurr$ dur+ ! taxable ye> ( !          
di/ribution4  7,c7 ,treatm5t ( rollov]s 
7i7 ,,able acc\nts ,any contribution f a
 #dja,kids ,acc\nt ,program to an ,,able
 acc\nt pursuant to subp>agraph         
7,a77ii77,,iii7 %all be treat$-- 7,i7 z 
a contribution f ano!r ,,able acc\nt z  
describ$ 9 section                      
#ebi;,a7c77#a77;,c77i71 &  7,,ii7 z hav+
 be5 contribut$ to su* ,,able acc\nt 9 a
 direct tru/ee-to-tru/ee transf] )9 #fj 
days ( ! di/ribution = purposes ( su*   
section4  7ii7 ,ro? ,i,r,as ,any        
contribution f a #dja,kids ,acc\nt      
,program to a ,ro? ,,ira pursuant to    
subp>agraph 7,a77ii77,,iii7 %all be     
treat$-- 7,i7 z a contribution f ano!r  
,ro? ,,ira z describ$ 9 section         
#djh;,a7e77#a77;,a71 &  7,,ii7 z hav+   
be5 contribut$ to su* ,ro? ,,ira 9 a    
direct tru/ee-to-tru/ee transf] )9 #fj  
days ( ! di/ribution = purposes (       
section #djh7;d77#c71 &  %all n be tak5 
into acc\nt "u subsection 7c77#c77;,e74 

7,d7 ,additional tax on nonqualifi$ use 
7i7 ,9 g5]al ,! tax impos$ by ?is *apt] 
= ! taxable ye> %all be increas$ by an  
am\nt equal to #aj p]c5t ( ! am\nt ( any
 di/ribution f an acc\nt "u a #dja,kids 
,acc\nt ,program dur+ ! taxable ye> :i* 
is n describ$ 9 subp>agraph 7,a77i71    
7,a77ii77,,ii71 7,a77ii77,,iii71 or     
7,b74  7ii7 ,di/ributions f ,ro? ,,ira  
,if any am\nt is contribut$ to a ,ro?   
,,ira 9 a rollov] di/ribution f an      
acc\nt "u a #dja,kids ,acc\nt ,program  
pursuant to subp>agraph 7,a77ii77,,iii71
 ! tax impos$ by ?is title = ! taxable  
ye> %all be increas$ by an am\nt equal  
to #aj p]c5t ( ! am\nt ( any di/ribution
 f su* ,ro? ,,ira :i* is made )9 !      
#e-ye> p]iod beg9n+ on ! date ( !       
rollov]-- 7,i7 to ! ext5t t su*         
di/ribution f ! ,ro? ,,ira1 :5 aggregat$
 ) all o!r di/ributions f su* ,ro? ,,ira
 dur+ su* #e-ye> p]iod1 does n exce$ !  
am\nt contribut$ 9 su* rollov]          
di/ribution1 &  7,,ii7 unless ! qualifi$
 exp5ses ( ! individual on ^: behalf !  

acc\nt 0 e/abli%$ paid or incurr$ dur+ !
 taxable ye> ( ! di/ribution are equal  
to or exce$ ! am\nt ( su* di/ribution4  
7iii7 ,coord9ation rule ,subsection     
7c77#f7 %all n apply to any am\nt )     
respect to :i* a tax is impos$ "u clause
 7i7 or 7ii74  7iv7 ,f$]al #dja,kids    
,acc\nt ,program  7,i7 ,9 g5]al ,! tax  
impos$ by ?is *apt] = ! taxable ye> %all
 be increas$ by an am\nt equal to #aj   
p]c5t ( ! am\nt ( any di/ribution dur+ !
 taxable ye> f an acc\nt "u ! ,f$]al    
#dja,kids ,acc\nt ,program e/abli%$ by  
section #c ( ! #dja,kids ,sav+s ,acc\nt 
,act ( #bjbd :i* is n describ$ 9        
subsection 7c77#a77;,a77ii71            
7c77#a77;,a77iii71 or 7c77#b77;,a7 (    
section #c ( su* ,act4  7,,ii7          
,di/ributions f ,ro? ,,ira ,! tax impos$
 by clause 7ii7 %all apply to a rollov] 
di/ribution f an acc\nt "u ! ,f$]al     
#dja,kids ,acc\nt program pursuant to   
section #c7;c77#a77;,a77iii7 ( !        
#dja,kids ,sav+s ,acc\nt ,act ( #bjbd 9 
! same mann] z a rollov] di/ribution f  

an acc\nt "u a #dja,kids ,acc\nt        
,program pursuant to subp>agraph        
7,a77ii77,,iii74  7,e7 ,qualifi$ exp5ses
 ,= purposes ( ?is p>agraph-- 7i7 ,9    
g5]al ,! t]m qualifi$ exp5ses means     
am\nts paid or incurr$ by an            
individual-- 7,i7 z paym5t or collat]al 
requir$ = a loan gu>ante$ by ! ,small   
,bus9ess ,adm9i/ration or ! ,unit$      
,/ates ,dep>tm5t ( ,agriculture ,rural  
,developm5t or o!r small bus9ess loan z 
det]m9$ by ! ,secret>y1 pursuant to !   
rules det]m9$ "u clause 7iii71  7,,ii7 z
 qualifi$ acquisition co/s 7z def9$ 9   
section #gb7t77#h77;,c77 ) respect to a 
resid5ce int5d$ to be ! prim>y resid5ce 
( ! individual1  7,,iii7 = qualifi$     
high] education exp5ses ( ! individual  
at an eligible educational in/itution1  
or = o!r po/-second>y educational       
exp5ses 9 an accr$it$ degree-grant+     
program or exp5ses = obta9+ a trade     
c]tificate1 z provid$ by ! ,secret>y 9  
consultation ) ! ,secret>y ( ,education1
 or  7,,iv7 aft] ! date ! individual on 

^: behalf ! acc\nt 0 e/abli%$ atta9s age
 #ei1 = any purpose4  7ii7 ,c]tification
 ,except 9 ! case ( qualifi$ exp5ses    
describ$ 9 clause 7i77,,iv71 !          
individual %all c]tify on ! return (    
tax1 9 su* mann] z ! ,secret>y %all     
prescribe1 ! qualifi$ exp5ses paid or   
incurr$ by ! individual dur+ ! taxable  
ye>4  7iii7 ,small bus9ess loans ,!     
,secret>y %all prescribe rules or o!r   
guidance1 or %all c]tify a process1 =   
det]m9+ :e!r a loan %all be tak5 into   
acc\nt "u clause 7i77,i74  7#e7         
,eligible individual ,= purposes ( ?is  
subsection-- 7,a7 ,9 g5]al ,! t]m       
eligible individual means a *ild :o has 
n atta9$ age #ah & is a citiz5 ( !      
,unit$ ,/ates4  7,b7 ,treatm5t z        
designat$ b5efici>y ,! rules (          
subsections 7a7 ?r\gh 7e7 %all be appli$
 7except z o!rwise provid$ 9 ?is        
subsection7 by treat+ ! eligible        
individual on ^: behalf a #dja,kids     
,sav+s ,acc\nt "u a #dja,kids ,acc\nt   
,program is e/abli%$ z ! designat$      

b5efici>y ) respect to su* acc\nt4  7#f7
 ,/ate ,= purposes ( ?is subsection1 !  
t]m ,/ate includes ! ,di/rict (         
,columbia1 any possession ( ! ,unit$    
,/ates1 & any ,indian tribe 7z def9$ 9  
section #de;,a7c77#f774  7#g7 ,acc\nts  
may n be assign$ ,an acc\nt e/abli%$ on 
behalf ( an individual "u a #dja,kids   
,acc\nt ,program may n be pl$g$ or      
assign$ to any o!r p]son4  7#h7         
,?ird-p>ty contractors ,a ,/ate may     
contract ) a ?ird p>ty = purposes (     
adm9i/ration ( a #dja,kids ,acc\nt      
,program1 includ+ record keep+ & acc\nt 
inve/m5t4  7#i7 ,acc\nt managem5t  7,a7 
,9 g5]al ,except z provid$ 9 subp>agraph
 7,b7-- 7i7 ! eligible individual on ^: 
behalf a #dja,kids ,sav+s ,acc\nt "u a  
#dja,kids ,acc\nt ,program is e/abli%$1 
aft] ! date ! individual atta9s age #ah1
 %all h sole discretion ov] !           
di/ribution ( am\nts 9 ! acc\nt1 &  7ii7
 9 ! case ( an acc\nt n own$ & controll$
 by a ,/ate1 su* eligible individual1   
aft] ! date ! individual atta9s age #ah1

 & ! p>5t or gu>dian ( su* individual   
be=e su* date1 may ex]cise control ov] !
 inve/m5t ( acc\nt assets o!r ?an am\nts
 attributable to deposits "u p>agraph   
7#d7 or 7#e7 ( section #c7;b7 ( !       
#dja,kids ,sav+s ,acc\nt ,act ( #bjbd   
7includ+ any ga9 or loss attributable   
!reto74  7,b7 ,dea? ( acc\nt b5efici>y  
,9 ! ev5t ! individual on ^: behalf a   
#dja,kids ,sav+s ,acc\nt "u a #dja,kids 
,acc\nt ,program is e/abli%$ dies be=e  
atta9+ age #ah-- 7i7 any am\nts         
attributable to deposits "u p>agraph    
7#d7 or 7#e7 ( section #c7;b7 ( !       
#dja,kids ,sav+s ,acc\nt ,act ( #bjbd   
7includ+ any ga9 or loss attributable   
!reto7 %all be return$ to ! ,treasury1 &
  7ii7 ! successor own] or b5efici>y ( !
 acc\nt %all )draw all am\nts n return$ 
"u subp>agraph 7,a7 n lat] ?an ! la/ day
 ( ! cal5d> ye> aft] ! cal5d> ye> 9 :i* 
! dea? occurs4  ,am\nts )drawn pursuant 
to ?is subp>agraph %all n be includ$ 9  
gross income ( ! deceas$ individual or !
 successor own] or b5efici>y to ! ext5t 

su* am\nts are attributable to          
contributions to ! acc\nt 7& n to ga9   
attributable !reto74  4  7b7 ,con=m+    
am5dm5ts  7#a7 ,reports ,p>agraph 7#a7 (
 section #ebi7;d7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by ins]t+ 1      
includ+ a #dja,kids ,acc\nt ,program "u 
su* qualifi$ tuition program1 aft] !    
qualifi$ tuition program4  7#b7 ,reports
 reg>d+ rollov] di/ributions ,p>agraph  
7#b7 ( section #ebi7;d7 ( su* ,code is  
am5d$-- 7,a7 by /rik+ subsection        
7c77#c77;,e7 & ins]t+ subsection        
7c77#c77;,e7 or 7f77#d77;,c71  7,b7 by  
/rik+ ,ro? ,,ira & ins]t+ ,ro? ,,ira or 
,,able acc\nt1  7,c7 by /rik+ ! qualifi$
 tuition program & ins]t+ ! qualifi$    
tuition program or #dja,kids ,acc\nt    
,program1 &  7,d7 by /rik+ subsection   
7c77#c77;,a7 & ins]t+ subsection        
7c77#c77;,e7 or 7f77#d77;,c74  7#c7     
,qualifi$ use ,clause 7i7 ( section     
#ebi7;c77#c77;,c7 ( su* ,code is am5d$--
 7,a7 by /rik+ or at ! end ( subclause  
7,,ii71  7,b7 by r$esignat+ subclause   

7,,iii7 z subclause 7,,iv71  7,c7 by    
ins]t+ aft] subclause 7,,ii7 ! foll[+   
new subclause3  7,,iii7 to a #dja,kids  
,sav+s ,acc\nt "u a #dja,kids ,acc\nt   
,program e/abli%$ on behalf ( !         
designat$ b5efici>y "u subsection 7f7 or
 section #c ( ! #dja,kids ,sav+s ,acc\nt
 ,act ( #bjbd1 or  1 &  7,d7 by /rik+   
,subclause 7,,iii7 %all n apply 9 !     
second s5t5ce & ins]t+ ,subclause       
7,,iii7 %all n apply to s mu* ( a       
di/ribution :i*1 :5 aggregat$ ) o!r     
contributions z provid$ 9 subsection    
7f77#c77;,e77ii71 exce$s ! limitation "u
 subsection 7f77#c77;,b74 ,subclause    
7,,iv7 %all n apply4  7c7 ,effective    
date  7#a7 ,9 g5]al ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  7#b7 ,exi/+ programs ,a qualifi$ 
tuition program 7z def9$ 9 section #ebi 
( ! ,int]nal ,rev5ue ,code ( #aihf7 ( a 
,/ate :i* includes a sav+s acc\nt       
program %all be treat$ = taxable ye>s   
beg9n+ aft] ! date ( ! enactm5t ( ?is   

,act z meet+ ! requirem5ts ( section    
#ebi7;f7 ( ! ,int]nal ,rev5ue ,code (   
#aihf1 z add$ by ?is ,act1 if su*       
qualifi$ tuition program 7z am5d$1 if   
necess>y7 meets su* requirem5ts = ! fir/
 taxable ye> beg9n+ m ?an #a ye> aft]   
su* date ( enactm5t4  7d7 ,regulations  
,! ,secret>y ( ! ,treasury 7or su*      
,secret>y's delegate7 %all issue su*    
regulations or o!r guidance z is        
necess>y to implem5t ,/ate #dja,kids    
,acc\nt ,programs1 includ+ guidance--   
7#a7 reg>d+ ! p]sonally id5tify+        
in=mation :i* is necess>y = ,/ates to   
e/abli% acc\nts on behalf ( individuals 
born 9 ! ,/ate1  7#b7 = in=m+           
individuals ( acc\nts e/abli%$ on _!    
behalf1 &  7#c7 = process+ acc\nts (    
deceas$ individuals & return+ ,f$]al    
contributions to ! ,treasury pursuant to
 section #ebi7;f77#i77;,b7 ( ! ,int]nal 
,rev5ue ,code ( #aihf4  #c4 ,e/abli%m5t 
( ,f$]al #dja,kids ,acc\nt ,program  7a7
 ,e/abli%m5t ( program ,! ,secret>y ( ! 
,treasury %all1 n lat] ?an ,decemb] #ca1

 #bjbd1 e/abli% a p]man5t program1 to be
 kn[n z ! ,f$]al #dja,kids ,acc\nt      
,program1 :i* meets ! requirem5ts ( ?is 
section to-- 7#a7 e/abli% & ma9ta9 a    
sav+s acc\nt 7ref]r$ to 9 ?is section z 
a #dja,kids ,sav+s ,acc\nt7 meet+ !     
requirem5ts ( subsections 7b7 & 7c7 on  
behalf ( eligible individuals ^: ,/ate  
does n ma9ta9 a #dja,kids ,acc\nt       
,program pursuant to section #ebi7;f7 ( 
! ,int]nal ,rev5ue ,code ( #aihf1 &     
7#b7 make contributions pursuant to     
p>agraphs 7#d7 & 7#e7 on behalf (       
eligible individuals to su* #dja,kids   
,sav+s ,acc\nts & to acc\nts "u any su* 
,/ate #dja,kids ,acc\nt ,program4  7b7  
,program specifications  7#a7 ,9 g5]al  
7,a7 #dja,kids ,sav+s ,acc\nts ,! ,f$]al
 #dja,kids ,acc\nt ,program e/abli%$ "u 
?is section %all-- 7i7 e/abli% on behalf
 ( ea* eligible individual ^: ,/ate does
 n ma9ta9 a #dja,kids ,acc\nt ,program  
pursuant to section #ebi7;f7 ( !        
,int]nal ,rev5ue ,code ( #aihf a        
#dja,kids ,sav+s ,acc\nt :i* meets !    

requirem5ts ( ?is subsection &          
subsection 7c7 on behalf ( ! individual 
z ( #a ye> aft] ! lat] (-- 7,i7 bir? or 
naturalization2 or  7,,ii7 e/abli%m5t ( 
! program "u ?is section1  & notify su* 
individuals ( ! e/abli%m5t ( su*        
acc\nts2  7ii7 require ! assets ( ea*   
#dja,kids ,sav+s ,acc\nt e/abli%$ "u !  
program to be held by ! designat$       
cu/odian2  7iii7 )9 ! limitations (     
p>agraph 7#c71 p]mit contributions to be
 made p]iodically to su* #dja,kids      
,sav+s ,acc\nts by direct deposit ?r\gh 
payroll d$uction or by electronic means1
 & by me?ods t provide access = p )     
limit$ access to ! f9ancial sy/em2  7iv7
 provide = ! annual deposit "u p>agraph 
7#d7 & ! mat*+ contributions "u p>agraph
 7#e7 to be made to su* #dja,kids ,sav+s
 ,acc\nts1 & to #dja,kids ,sav+s        
,acc\nts "u su* #dja,kids ,acc\nt       
,programs e/abli%$ & ma9ta9$ by ,/ates1 
if applicable2  7v7 z provid$ 9         
subsection 7c71 p]mit di/ributions &    
rollov]s f su* #dja,kids ,sav+s ,acc\nts

 aft] ! individual on ^: behalf ! acc\nt
 is e/abli%$ atta9s age #ah2  7vi7      
include proc$ures to consolidate        
multiple acc\nts e/abli%$ = ! same      
individual1 includ+ across ,/ates1 &    
return excess contributions on an annual
 basis1 ) notice provid$ to ! p>5t or   
gu>dian ( ! individual 7or1 if          
appropriate1 to ! individual7 & a       
proc$ure = resolution ( disputes2  7vii7
 p]mit1 n less frequ5tly ?an once p]    
ye>1 = an acc\nt to be mov$ betwe5 a    
,/ate program & ! ,f$]al #dja,kids      
,acc\nt ,program2 &  7viii7 ensure t su*
 #dja,kids ,sav+s ,acc\nts are inve/$ 9 
accordance ) subsection 7e74  7,b7      
,regulations1 etc ,! ,secret>y ( !      
,treasury %all h au?ority to promulgate 
su* regulations1 rules1 & o!r guidance z
 are necess>y to implem5t ! ,f$]al      
#dja,kids ,acc\nt ,program1 & are       
consi/5t ) ?is section & section        
#ebi7;f7 ( ! ,int]nal ,rev5ue ,code (   
#aihf1 includ+-- 7i7 rules reg>d+ !     
provision ( p]iodic notices to          

individuals & p>5ts or gu>dians (       
individuals1 z appropriate1 on ^: behalf
 acc\nts are e/abli%$ "u ! program1     
includ+ in=mation on acc\nt balances &  
activity2  7ii7 rules = mak+ ! deposit  
"u p>agraph 7#d77;,a7 9 ! case (        
taxpay]s :o are n requir$ to file an    
income tax return2  7iii7 rules =       
recapture ( improp]ly made deposits "u  
p>agraphs 7#d7 & 7#e72 &  7iv7 rules    
reg>d+ b5efici>y designation 9 ! case ( 
! dea? ( ! individual on ^: behalf an   
acc\nt 0 e/abli%$4  7#b7 ,program =     
deposits made ) ,f$]al p>tn]s ,!        
,secret>y ( ! ,treasury may1 9          
fulfillm5t ( subp>agraph 7,a77iii71     
e/abli% a program :i* w\ld all[ groc]y  
/ores1 ph>macies1 banks1 & o!r simil>   
bus9esses to p>tn] ) ! ,f$]al ,gov]nm5t 
to accept ca% deposits f cu/om]s & to   
remit su* deposits to ! ,treasury =     
paym5t into #dja,kids ,sav+s ,acc\nts "u
 ! ,f$]al #dja,kids ,acc\nt ,program4   
7#c7 ,limitations  7,a7 ,contribution   
m9imum ,! ,secret>y ( ! ,treasury may   

e/abli% m9imum am\nts = initial &       
additional contributions to a #dja,kids 
,sav+s ,acc\nt "u ! ,f$]al #dja,kids    
,acc\nt ,program1 n to exce$ #aj4  7,b7 
,contribution limitation ,contributions 
to a #dja,kids ,sav+s ,acc\nt "u !      
,f$]al #dja,kids ,acc\nt ,program dur+  
any taxable ye> 7o!r ?an contributions  
made "u p>agraphs 7#d7 & 7#e77 %all n be
 accept$ to ! ext5t su* contributions   
exce$ #b1ejj4  7,c7 ,limitation on      
p>ticipation ,)9 a reasonable am\nt ( "t
 be=e ! date an eligible individual     
atta9s age #ag1 ! designat$ cu/odian    
%all provide notice to ! eligible       
individual & ! p>5t or gu>dian ( !      
eligible individual t-- 7i7 no deposits 
"u p>agraph 7#d7 or 7#e7 w be made =    
cal5d> ye>s aft] ! ye> 9 :i* !          
individual atta9s age #ah2  7ii7 any    
contributions made by any p]son aft] !  
date ! individual atta9s age #ah w be   
tak5 into acc\nt z provid$ 9 section    
#ebi7;f77#c77;,f7 ( ! ,int]nal ,rev5ue  
,code ( #aihf2 &  7iii7 ! individual    

7or1 z provid$1 ! individual's p>5t or  
gu>dian7 may elect to h ! acc\nt balance
 roll$ ov] or di/ribut$ z provid$1 & at 
! "t specifi$1 9 subsection 7c74  7#d7  
,annual deposit  7,a7 ,9 g5]al  7i7     
,annual am\nt ,)9 a reasonable am\nt (  
"t 7n to exce$ #fj days7 aft] ! fil+ ( !
 return ( tax = ea* taxable ye> by a    
taxpay] claim+ an eligible individual z 
a dep5d5t1 ! ,secret>y ( ! ,treasury    
%all deposit #ejj into ! #dja,kids      
,sav+s ,acc\nt e/abli%$ = su* individual
 "u ! ,f$]al #dja,kids ,acc\nt ,program 
or a #dja,kids ,acc\nt ,program e/abli%$
 & ma9ta9$ by a ,/ate4  7ii7 ,additional
 am\nt = e>n$ income cr$it eligible     
families ,if a cr$it is all[able "u     
section #cb ( ! ,int]nal ,rev5ue ,code (
 #aihf to ! p>5t or gu>dian or an       
eligible individual = a taxable ye>1    
clause 7i7 %all be appli$ by sub/itut+  
#gej = #ejj4  7,b7 ,phase\t ,9 ! case ( 
a taxpay] to :om subp>agraph 7,a77ii7   
does n apply1 ! #ejj am\nt "u           
subp>agraph 7,a77i7 %all be r$uc$ 7b n  

bel[ z]o7 by #aj = ea* #a1jjj 7or       
fraction !re(7 by :i* ! taxpay]'s       
modifi$ adju/$ gross income = ! taxable 
ye> exce$s #ge1jjj 7#aej1jjj 9 ! case ( 
a jo9t return74  7,c7 ,m>ri$ c\ples mu/ 
file jo9t return ,if ! taxpay] is m>ri$ 
at ! close ( ! taxable ye>1 subp>agraph 
7,a7 %all apply only if ! taxpay] & !   
taxpay]'s sp\se file a jo9t return = !  
taxable ye>4  7,d7 ,deposit on behalf ( 
*ildr5 9 fo/] c>e ,at an appropriate "t 
ea* ye> z det]m9$ by ! ,secret>y ( !    
,treasury 9 coord9ation ) !             
,adm9i/ration = ,*ildr5 & ,families1 su*
 ,secret>y %all deposit #gej into !     
#dja,kids ,sav+s ,acc\nt e/abli%$ "u !  
,f$]al #dja,kids ,acc\nt ,program or a  
#dja,kids ,acc\nt ,program e/abli%$ &   
ma9ta9$ by a ,/ate = any eligible       
individual 9 fo/] c>e1 9 any ,/ate1 )   
respect to :om no deposit 0 made = su*  
ye> "u subp>agraph 7,a74  7#e7 ,mat*+   
contributions = e>n$ income cr$it       
eligible families ,if a cr$it is        
all[able "u section #cb ( ! ,int]nal    

,rev5ue ,code ( #aihf to ! p>5t or      
gu>dian or an eligible individual = a   
taxable ye>1 ! ,secret>y ( ! ,treasury  
%all deposit1 at ! same "t z ! annual   
deposit "u p>agraph 7#d77;,a71 into !   
#dja,kids ,sav+s ,acc\nt e/abli%$ = su* 
eligible individual "u ! ,f$]al         
#dja,kids ,acc\nt ,program or a         
#dja,kids ,acc\nt ,program e/abli%$ &   
ma9ta9$ by a ,/ate an am\nt equal to s  
mu* ( ! contributions made by ! p>5t or 
gu>dian ( ! eligible individual to su*  
acc\nt dur+ ! prec$+ taxable ye> z does 
n exce$ #bej4 ,su* deposit %all be made 
9 addition to ! deposit "u p>agraph     
7#d74  7#f7 ,designat$ cu/odian ,=      
purposes ( ?is section1 ! designat$     
cu/odian is ! p]son designat$ by !      
,secret>y ( ! ,treasury to act z        
cu/odian ( ! #dja,kids ,sav+s ,acc\nts  
e/abli%$ on behalf ( p>ticipants 9 !    
,f$]al #dja,kids ,acc\nt ,program4  7#g7
 ,inflation adju/m5ts  7,a7 ,9 g5]al ,9 
! case ( any cal5d> ye> aft] #bjbd1 !   
#b1ejj am\nt 9 p>agraph 7#c77;,b71 !    

#ejj am\nt 9 p>agraphs 7#d77;,a71       
7#d77;,b71 & 7#d77;,d71 ! #gej am\nt 9  
p>agraphs 7#d77;,a7 & 7#d77;,d71 & !    
#bej am\nt 9 p>agraph 7#e7 %all ea* be  
increas$ by an am\nt equal to-- 7i7 su* 
doll> am\nt2 multipli$ by  7ii7 !       
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 ( ! ,int]nal ,rev5ue ,code ( 
#aihf = ! cal5d> ye>1 det]m9$ by        
sub/itut+ cal5d> ye> #bjbc = cal5d> ye> 
#bjaf 9 subp>agraph 7,a77ii7 !re(4  7,b7
 ,r\nd+ ,if any doll> am\nt increas$ "u 
subp>agraph 7,a7 is n a multiple ( #e1  
su* doll> am\nt %all be r\nd$ to ! ne>e/
 multiple ( #e4  7#h7 ,acc\nts may n be 
assign$ ,an acc\nt e/abli%$ on behalf ( 
an individual "u ! ,f$]al #dja,kids     
,acc\nt ,program may n be pl$g$ or      
assign$ to any o!r p]son4  7#i7 ,modifi$
 adju/$ gross income ,= purposes ( ?is  
subsection1 ! t]m modifi$ adju/$ gross  
income means adju/$ gross income 7z     
def9$ 9 section #fb ( ! ,int]nal ,rev5ue
 ,code ( #aihf7 increas$ by-- 7,a7 any  
am\nt exclud$ f gross income "u section 

#iaa ( su* ,code1  7,b7 any am\nt (     
int]e/ receiv$ or accru$ by ! taxpay]   
dur+ ! taxable ye> :i* is exempt f tax1 
&  7,c7 an am\nt equal to ! portion ( ! 
taxpay]'s social security b5efits 7z    
def9$ 9 section #hf7;d7 ( su* ,code7 :i*
 is n includ$ 9 gross income "u su*     
section #hf = ! taxable ye>4  7c7       
,di/ributions f #dja,kids ,sav+s ,acc\nt
  7#a7 ,9 g5]al ,am\nts 9 a #dja,kids   
,sav+s ,acc\nt "u ! ,f$]al #dja,kids    
,acc\nt ,program-- 7,a7 aft] ! date !   
individual on ^: behalf ! acc\nt 0      
e/abli%$ atta9s age #ah1 may be-- 7i7   
di/ribut$ to su* individual 9 ca%1  7ii7
 transf]r$ directly to an eligible      
educational in/itution1 mortgagee1 l5d]1
 or gu>antor ) respect to an exp5se     
describ$ 9 section #ebi7;f77#d77;,e77i7 
( ! ,int]nal ,rev5ue ,code ( #aihf1 or  
7iii7 contribut$ 9 a direct transf] to  
an ,,able acc\nt 7z def9$ 9 section     
#ebi;,a7e77#f7 ( ! ,int]nal ,rev5ue     
,code ( #aihf7 or a ,ro? ,,ira 7z def9$ 
9 section #djh;,a ( su* ,code7 ( !      

individual1 &  7,b7 if ! individual ^:  
behalf ! acc\nt 0 e/abli%$ does n elect 
to receive any su* di/ribution1 %all    
rema9 9 ! acc\nt4  7#b7 ,treatm5t (     
di/ributions  7,a7 ,9 g5]al ,no am\nt   
%all be includible 9 gross income =     
purposes ( ! ,int]nal ,rev5ue ,code (   
#aihf by reason ( any ca% di/ribution f 
an acc\nt "u ! ,f$]al #dja,kids ,acc\nt 
,program :i* is made aft] ! date !      
individual on ^: behalf su* acc\nt 0    
e/abli%$ atta9s age #ah1 to ! ext5t su* 
di/ribution does n exce$ ! qualifi$     
exp5ses ( ! individual 7z def9$ 9       
section #ebi7;f77#d77;,e7 ( su* ,code7  
:i* are paid or incurr$ dur+ ! taxable  
ye> ( ! di/ribution4  7,b7 ,treatm5t (  
rollov]s ,! rules ( section             
#ebi7;f77#d77;,c7 ( su* ,code %all apply
 9 ! case ( a rollov] di/ribution       
describ$ 9 p>agraph 7#a77;,a77iii74  7d7
 ,eligible individual ,= purposes ( ?is 
section1 ) respect to any cal5d> ye>1 ! 
t]m eligible individual means a *ild :o 
has n atta9$ age #ah z ( ! la/ day ( su*

 cal5d> ye> & is a citiz5 ( ! ,unit$    
,/ates4  7e7 ,inve/m5t ( acc\nt assets  
,! ,secret>y ( ! ,treasury %all ensure t
 am\nts 9 ! ,f$]al #dja,kids ,acc\nt    
,program are inve/$ s z to maximize     
returns ov] ! fir/ #ah ye>s ( ! life (  
an eligible individual on ^: behalf a   
#dja,kids ,sav+s ,acc\nt is e/abli%$ "u 
su* program1 & %all reevaluate !        
inve/m5t ( su* am\nts aft] an eligible  
individual atta9s age #ah to ensure     
am\nts are available & gr[+ = uses lat] 
9 ! individual's life4 ,! ,secret>y ( ! 
,treasury may1 9 ! ,secret>y's          
discretion1 p]mit "s or all eligible    
individuals to ex]cise control ov] !    
inve/m5t ( acc\nt assets o!r ?an am\nts 
attributable to deposits "u p>agraph    
7#d7 or 7#e7 ( subsection 7b7 7includ+  
any ga9 or loss attributable !reto74    
7f7 ,reports  7#a7 ,9 g5]al ,! designat$
 cu/odian %all make su* reports reg>d+ !
 ,f$]al #dja,kids ,acc\nt ,program to ! 
,secret>y ( ! ,treasury & to individuals
 on ^: behalf acc\nts are e/abli%$ "u   

su* program ) respect to contributions1 
di/ributions1 & su* o!r matt]s z !      
,secret>y ( ! ,treasury may require4 ,! 
reports requir$ by ?is p>agraph %all be 
fil$ at su* "t & 9 su* mann] & furni%$  
to su* individuals at su* "t & 9 su*    
mann] z may be requir$ by ! ,secret>y ( 
! ,treasury4  7#b7 ,rollov] di/ributions
 ,9 ! case ( any di/ribution describ$ 9 
subsection 7c77#a77;,a77iii71 !         
designat$ cu/odian %all provide a report
 to ! tru/ee ( ! ,ro? ,,ira or ,,able   
acc\nt to :i* ! di/ribution is made4    
,su* report %all be fil$ at su* "t & 9  
su* mann] z ! ,secret>y ( ! ,treasury   
may require & %all include in=mation )  
respect to ! contributions1             
di/ributions1 & e>n+s ( ! acc\nt "u !   
,f$]al #dja,kids ,acc\nt program z ( !  
date ( ! di/ribution describ$ 9         
subsection 7c77#a77;,a77iii71 toge!r )  
su* o!r matt]s z ! ,secret>y ( !        
,treasury may require4  #d4 ,treatm5t ( 
acc\nts "u c]ta9 ,f$]al programs  7a7   
,acc\nt funds disreg>d$ = purposes (    

c]ta9 o!r means-,te/$ ,f$]al programs   
,not)/&+ any o!r provision ( ,f$]al law 
t requires consid]ation ( "o or m       
f9ancial circum/ances ( an individual1 =
 ! purpose ( det]m9+ eligibility to     
receive1 or ! am\nt (1 any assi/ance or 
b5efit au?oriz$ by su* provision to be  
provid$ to or = ! b5efit ( su*          
individual1 any am\nt 7includ+ e>n+s    
!reon7 9 an individual's acc\nt e/abli%$
 "u a #dja,kids ,acc\nt ,program 7z     
def9$ 9 section #ebi7;f7 ( ! ,int]nal   
,rev5ue ,code ( #aihf7 or ! ,f$]al      
#dja,kids ,acc\nt ,program pursuant to  
section #c1 any contributions to su*    
acc\nt1 & any di/ribution 7or portion   
!re(7 %all be disreg>d$ = su* purpose ) 
respect to any p]iod dur+ :i* su*       
individual ma9ta9s1 makes contributions 
to1 or receives di/ributions f su*      
acc\nt1 except t-- 7#a7 a di/ribution = 
qualifi$ acquisition co/s 7)9 ! mean+ ( 
section #ebi7;f77#d77;,e77ii7 ( su*     
,code7 %all n be s disreg>d$2 &  7#b7   
any am\nt 7includ+ su* e>n+s7 9 su*     

acc\nt %all be consid]$ a res\rce ( !   
individual to ! ext5t t su* am\nt exce$s
 #ajj1jjj4  7b7 ,susp5sion ( ,,ssi      
b5efits dur+ p]iods ( excessive acc\nt  
funds  7#a7 ,9 g5]al ,! b5efits ( an    
individual "u ! supplem5tal security    
income program "u title ,,xvi ( !       
,social ,security ,act %all n be        
t]m9at$1 b %all be susp5d$1 by reason ( 
excess res\rces ( ! individual          
attributable to an am\nt 9 ! acc\nt ( ! 
individual e/abli%$ "u a #dja,kids      
,acc\nt ,program :i* is n disreg>d$ "u  
subsection 7a74  7#b7 ,no impact on     
,m$icaid eligibility ,an individual :o  
w\ld be receiv+ paym5t ( su* supplem5tal
 security income b5efits b = !          
application ( p>agraph 7#a7 %all be     
treat$ = purposes ( title ,,xix ( !     
,social ,security ,act z if ! individual
 cont9u$ to be receiv+ paym5t ( su*     
b5efits4  #e4 ,disclosure ( taxpay]     
in=mation1 etc  7a7 ,9 g5]al ,subsection
 7l7 ( section #fajc ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by add+  

at ! end ! foll[+ new p>agraph3  7#bc7  
,disclosure ( return in=mation =        
purposes ( adm9i/ration ( #dja,kids     
,acc\nt ,programs ,! ,secret>y %all     
disclose to any (fic] or employee ( !   
,dep>tm5t ( ! ,treasury1 z necess>y = ! 
adm9i/ration ( ! ,f$]al #dja,kids       
,acc\nt ,program e/abli%$ "u section    
#c7;a7 ( ! #dja,kids ,sav+s ,acc\nt ,act
 ( #bjbd & ! requirem5ts ( p>agraphs    
7#d7 & 7#e7 ( section #c7;b7 ( su* ,act1
 return in=mation relat+ to taxpay]     
id5tity1 dep5d5ts1 adju/$ gross income1 
& :e!r ! taxpay] has claim$ ! e>n$      
income cr$it "u section #cb = ! taxable 
ye>4  4  7b7 ,prohibition ( r$isclosure 
,p>agraph 7#c7 ( section #fajc7;a7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ or 7#ba7 & ins]t+ 7#ba71 or    
7#bc74  7c7 ,data %>+ ,! ,secret>y ( !  
,treasury %all ent] into an agreem5t ) !
 ,commission] ( ,social ,security1 !    
,secret>y ( ,/ate1 & ! ,director ( !    
,unit$ ,/ates ,citiz5%ip & ,immigration 
,s]vices to %>e data reg>d+ bir?s &     

naturalizations ( *ildr5 "u ! age ( #ah 
solely = purposes (-- 7#a7 e/abli%+     
acc\nts "u ! ,f$]al #dja,kids ,acc\nt   
,program1 &  7#b7 mak+ deposits pursuant
 to p>agraphs 7#d7 & 7#e7 ( section #c4 
7d7 ,use ( social security numb]s       
,section #bje7;c77#b77;,c7 ( ! ,social  
,security ,act 7#db ,u4,s4,c4           
#dje7;c77#b77;,c77 is am5d$ by add+ at !
 end ! foll[+ new clause3  7xiv7 ,!     
,secret>y ( ! ,treasury1 = purposes ( ! 
,f$]al #dja,kids ,acc\nt ,program       
e/abli%$ "u section #c7;a7 ( ! #dja,kids
 ,sav+s ,acc\nt ,act ( #bjbd1 & any     
,/ate t elects to e/abli% a #dja,kids   
,acc\nt ,program pursuant to section    
#ebi7;f7 ( ! ,int]nal ,rev5ue ,code (   
#aihf1 are au?oriz$ to collect & use !  
names & social security acc\nt numb]s ( 
individuals z requir$ to e/abli% &      
ma9ta9 su* acc\nts4  4  #f4 ,treasury   
audit ( ,/ate programs ,! ,secret>y ( ! 
,treasury is au?oriz$-- 7#a7 to conduct 
audits ( #dja,kids ,acc\nt ,programs    
e/abli%$ pursuant to section #ebi7;f7 ( 

! ,int]nal ,rev5ue ,code ( #aihf by     
,/ates1 & to assume managem5t ( any su* 
program z "p ( ! ,f$]al #dja,kids       
,acc\nt ,program "u section #c 9 ! ev5t 
t su* a program does n meet !           
requirem5ts ( su* section #ebi7;f71 &   
7#b7 to require in=mational reports f   
,/ates ma9ta9+ su* a #dja,kids ,acc\nt  
,program4  #g4 ,/ate ,= purposes ( ?is  
,act1 ! t]m ,/ate includes ! ,di/rict ( 
,columbia1 any possession ( ! ,unit$    
,/ates1 & any ,indian tribe 7z def9$ 9  
section #de;,a7c77#f7 ( ! ,int]nal      
,rev5ue ,code ( #aihf74  #h4            
,appropriation ,!re is h]eby appropriat$
 to ! ,secret>y ( ! ,treasury1 to rema9 
available until sp5t )\t fiscal ye>     
limitation-- 7#a7 #ajj1jjj1jjj = !      
implem5tation & adm9i/ration ( ?is ,act 
7o!r ?an ! purposes describ$ 9 p>agraphs
 7#b71 7#c71 & 7#d772  7#b7 #cj1jjj1jjj 
= ea* fiscal ye> beg9n+ ) fiscal ye>    
#bjbd = ! adm9i/ration ( ! ,f$]al       
#dja,kids ,acc\nt ,program2  7#c7 su*   
sums z are necess>y to assi/ ,/ates 9 ! 

e/abli%m5t ( a #dja,kids ,acc\nt        
,program pursuant to section #ebi7;f7 ( 
! ,int]nal ,rev5ue ,code ( #aihf        
7accord+ to su* proc$ures z ! ,secret>y 
%all det]m9e72 &  7#d7 su* sums z are   
necess>y to make contributions to ,f$]al
 #dja,kids ,acc\nts z requir$ "u        
p>agraphs 7#d7 & 7#e7 ( section #c7;b74