,i #aai? ,,congress #a/ ,session ,h4 ,r4 #fgbi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #ae1 #bjbe,mr4 ,v9dman 7= himself & ,mr4 ,?ompson ( ,p5nsylvania7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,education & ,work=ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf & ! ,employee ,retirem5t ,income ,security ,act ( #aigd to all[ = p]iodic automatic re5rollm5t "u qualifi$ automatic contribution arrangem5ts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,auto ,re5roll ,act ( #bjbe4 #b4 ,automatic re5rollm5t "u qualifi$ automatic contribution arrangem5ts & eligible automatic contribution arrangem5ts 7a7 ,qualifi$ automatic contribution arrangem5ts 7#a7 ,9 g5]al ,section #dja7k77#ac77;,c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new clause3 7v7 ,p]iodic automatic def]ral p]mitt$ ,a qualifi$ automatic contribution arrangem5t %all n fail to be treat$ z meet+ ! requirem5ts ( ?is subp>agraph solely by reason ( ! fact t1 "u ! arrangem5t-- 7,i7 an election by an employee "u clause 7ii77,i7 t]m9ates aft] n m ?an #c ye>s 7b n less ?an #a ye>71 & 7,,ii7 su* employee is treat$ z hav+ made an election "u clause 7i7 aft] su* t]m9ation unless su* employee makes a new affirmative election "u clause 7ii74 ,a t]m9ation describ$ 9 subclause 7,i7 may be made at "o "t = a plan ye> = all employees :o h made an election describ$ 9 su* subclause4 4 7#b7 ,coord9ation ) rule = curr5t employees 7,a7 ,9 g5]al ,clause 7iv7 ( section #dja7k77#ac77;,c7 ( su* ,code is am5d$ by /rik+ ei!r to p>ticipate 9 ! arrangem5t or n to p>ticipate 9 ! arrangem5t & ins]t+ to p>ticipate 9 ! arrangem5t4 7,b7 ,special rule = previ\sly disreg>d$ employees 7i7 ,9 g5]al ,= purposes ( apply+ section #dja7k77#ac77;,c77v7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by p>agraph 7#a771 a previ\sly disreg>d$ employee may be treat$ z an employee :o has made an election "u section #dja7k77#ac77;,c77ii77,i7 ( su* ,code4 7ii7 ,previ\sly disreg>d$ employee ,= purposes ( ?is subp>agraph1 ! t]m previ\sly disreg>d$ employee means any employee :o 0 n tak5 into acc\nt "u section #dja7k77#ac77;,c77i7 ( ! ,int]nal ,rev5ue ,code ( #aihf by reason ( an election describ$ 9 section #dja7k77#ac77;,c77iv77,,ii7 ( su* ,code 7z 9 effect = plan ye>s beg9n+ on or be=e ! date ( ! enactm5t ( ?is ,act7 to n p>ticipate 9 an arrangem5t describ$ 9 section #dja7k77#ac77;,c77iv77,i7 ( su* ,code4 7b7 ,eligible automatic contribution arrangem5ts ,section #dad7w77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by r$esignat+ subp>agraphs 7,a7 ?r\gh 7,c7 z clauses 7i7 ?r\gh 7iii71 respectively1 & mov+ ! m>g9s ( su* clauses #b ems to ! "r2 7#b7 by /rik+ arrangem5t4--,= purposes ( & ins]t+ ! foll[+3 8arrangem5t4-- 7,a7 ,9 g5]al ,= purposes ( 2 & 7#c7 by add+ at ! end ! foll[+ new subp>agraph3 7,b7 ,p]iodic automatic def]ral p]mitt$ ,an arrangem5t %all n fail to be treat$ z an eligible automatic contribution arrangem5t "u ?is subsection solely by reason ( ! fact t1 "u ! arrangem5t-- 7i7 an election by a p>ticipant "u subp>agraph 7,a77ii7 n to h contributions made t]m9ates aft] n m ?an #c ye>s 7b n less ?an #a ye>71 & 7ii7 su* p>ticipant is treat$ z hav+ made an election "u subp>agraph 7,a77ii7 to make contributions at ! uni=m p]c5tage level describ$ 9 su* subp>agraph aft] su* t]m9ation unless su* p>ticipant makes a new election n to s make su* contributions4 ,a t]m9ation describ$ 9 clause 7i7 may be made at "o "t = a plan ye> = all p>ticipants :o h made an election describ$ 9 su* clause4 4 7c7 ,con=m+ am5dm5t ,section #ead7;e77#b7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aadd7;e77#b77 is am5d$-- 7#a7 by r$esignat+ subp>agraphs 7,a7 ?r\gh 7,c7 z clauses 7i7 ?r\gh 7iii71 respectively2 7#b7 by /rik+ 7#b7 ,= purposes ( & ins]t+ 7#b77;,a7 ,= purposes (2 & 7#c7 by add+ at ! end ! foll[+3 7,b7 ,an arrangem5t %all n fail to be treat$ z an automatic contribution arrangem5t "u ?is subsection solely by reason ( ! fact t "u ! arrangem5t-- 7i7 an election by a p>ticipant "u subp>agraph 7,a77ii7 n to h contributions made t]m9ates aft] n m ?an #c ye>s 7b n less ?an #a ye>71 & 7ii7 su* p>ticipant is treat$ z hav+ made an election "u subp>agraph 7,a77ii7 to make contributions at ! uni=m p]c5tage level describ$ 9 su* subp>agraph aft] su* t]m9ation unless su* p>ticipant makes a new election n to s make su* contributions4 ,a t]m9ation describ$ 9 clause 7i7 may be made at "o "t = a plan ye> = all p>ticipants :o h made an election describ$ 9 su* clause1 reg>dless ( individual p>ticipant dates ( enrollm5t4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to plan ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7e7 ,no inf]5ce ,! am5dm5ts made by ?is section %all n be con/ru$ to create any inf]5ce ) respect to-- 7#a7 ! application ( section #dja7k77#ac77;,c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 section #dad7w77#c7 ( su* ,code1 or section #ead7;e77#b7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd to plan ye>s beg9n+ be=e ! date ( ! enactm5t ( ?is ,act1 or 7#b7 ! application ( section #dja7k77#ac77;,c77v7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by subsection 7a771 section #dad7w77#c77;,b7 ( su* ,code 7z am5d$ by subsection 7b771 or section #ead7;e77#b77;,b7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7z am5d$ by subsection 7c77 to arrangem5ts t]m9at+ elections n to h contributions made aft] m ?an #c ye>s4