,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #fdej  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #d1 #bjbe,mr4
 ,la,hood 7= himself & ,ms4 ,sn*ez7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to p]mit rollov]          
contributions f ,ro? ,i,r,as to         
designat$ ,ro? acc\nts4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,retirem5t   
,rollov] ,flexibility ,act4  #b4        
,rollov] contributions f ,ro? ,i,r,as to
 designat$ ,ro? acc\nts  7a7 ,treatm5t z
 rollov] di/ribution = purposes ( ,ro?  
,,ira  7#a7 ,9 g5]al ,section           
#djh7;d77#c77;,a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by /rik+ 2 or at 
! end ( clause 7i7 & ins]t+ a comma1 by 
/rik+ ! p]iod at ! end ( clause 7ii7 &  
ins]t+ 1 or & by ins]t+ aft] clause 7ii7
 ! foll[+ new clause3  7iii7 ! entire   
am\nt receiv$ 7includ+ money & any o!r  
prop]ty7 is paid 9 a direct             
tru/ee-to-tru/ee transf] to a designat$ 

,ro? acc\nt 7)9 ! mean+ ( section       
#djb;,a7-- 7,i7 f an eligible ,ro?      
,,ira1 or  7,,ii7 9 an automatic        
portability transaction 7z def9$ 9      
section #dige7;f77#ab77;,a77i774  4     
7#b7 ,eligible ,ro? ,,ira ,section      
#djh7;d77#c7 is am5d$ by add+ at ! end !
 foll[+ new subp>agraph3  7,j7          
,e,ligible ,ro? ,,ira ,= purposes (     
subp>agraph 7,a77iii71 ! t]m eligible   
,ro? ,,ira means a ,ro? ,,ira :i*-- 7i7 
is ! only ,ro? ,,ira 7o!r ?an a ,ro?    
,,ira e/abli%$ "u section               
#dja7;a77#ca77;,b77i77 ma9ta9$ = !      
b5efit ( ! individual dur+ ! taxable ye>
 ( ! taxpay] 9 :i* ! di/ribution or     
paym5t describ$ 9 subp>agraph 7,a77iii7 
is made1 &  7ii7 has a balance at ! "t (
 ! paym5t or di/ribution :i* is n 9     
excess ( ! am\nt describ$ 9 section     
#dja7;a77#ca77;,b77ii74  4  7b7         
,treatm5t z rollov] contribution =      
purposes ( designat$ ,ro? acc\nt  7#a7  
,9 g5]al ,section #djb;,a7c77#c77;,b7 ( 
! ,int]nal ,rev5ue ,code ( #aihf is     

am5d$ by ins]t+ or "u section           
#djh7;d77#c77;,a77iii7 aft] subp>agraph 
7,a74  7#b7 ,treatm5t ( e>n+s 9 case (  
taxable di/ributions ,section #djb;,a7d7
 ( su* ,code is am5d$ by add+ at ! end !
 foll[+ new p>agraph3  7#f7 ,treatm5t ( 
,ro? ,,ira rollov] contributions        
,not)/&+ section #gb1 ! total am\nt (   
any rollov] contribution to a designat$ 
,ro? acc\nt "u section                  
#djh7;d77#c77;,a77iii7 %all be treat$ z 
inve/m5t 9 ! contract4  4  7c7          
,coord9ation ) nonexclusion p]iod       
,section #djb;,a7d77#b77;,b7 ( su* ,code
 is am5d$-- 7#a7 by /rik+ e>li] 9 !     
matt] prec$+ subclause 7i7 & ins]t+     
e>lie/1  7#b7 by /rik+ or at ! end (    
clause 7i71  7#c7 by /rik+ ! p]iod at ! 
end ( clause 7ii71 &  7#d7 by add+ at ! 
end ! foll[+3  7iii7 if a rollov]       
contribution 0 made to su* designat$    
,ro? acc\nt f a ,ro? ,,ira "u section   
#djh7;d77#c77;,a77iii77,,ii7 & !        
automatic portability provid] 7z def9$ 9
 section #dige7;f77#ab77;,a77ii77       

provides ! fir/ taxable ye> to :i* a    
contribution 0 made to ! s\rce plan1 !  
fir/ taxable ye> 9 :i* ! individual made
 contributions to ! s\rce plan4  ,=     
purposes ( clause 7iii71 ! t]m s\rce    
plan means ! eligible retirem5t plan 7z 
def9$ 9 section #dja7;a77#ca77;,b77ii77 
f :i* am\nts 7 transf]r$ to ! ,ro? ,,ira
 z describ$ 9 section                   
#dige7;f77#ab77;,a77i77,i74 4  7d7      
,effective date ,! am5dm5ts made by ?is 
section %all apply to am\nts paid or    
di/ribut$ aft] ! date ( ! enactm5t ( ?is
 ,act4