,,ii ,cal5d> ,no4 #edd #aai? ,,congress #b;d ,session ,s4 #cccc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #c1 #bjbe,mr4 ,"y 7= himself1 ,mr4 ,book]1 ,mr4 ,cassidy1 & ,mr4 ,ka9e7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,augu/ #e1 #bjbf,report$ by ,mr4 ,cassidy1 ) an amendment,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic ,a ,,bill ,to modify ! eligibility requirem5ts & acc\nt contribution maximum = p5sion-l9k$ em]g5cy sav+s acc\nts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,em]g5cy ,sav+s ,enhancem5t ,act ( #bjbe4 #b4 ,am5dm5ts to ! ,employee ,retirem5t ,income ,security ,act ( #aigd ,section #hja ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aaic7 is am5d$-- 7#a7 by /rik+ subsection 7b7 & ins]t+ ! foll[+3 7b7 ,eligible p>ticipant ,= purposes ( ?is "p1 ! t]m eligible p>ticipant1 ) reg>d to an individual acc\nt plan1 means an individual :o meets any age1 s]vice1 & o!r eligibility requirem5ts ( ! plan4 2 & 7#b7 9 subsection 7d7-- 7,a7 9 p>agraph 7#a77;,a77i71 by /rik+ #b1ejj & ins]t+ #e1jjj2 & 7,b7 9 p>agraph 7#c77;,a7-- 7i7 9 clause 7vii71 by add+ & at ! end2 7ii7 9 clause 7viii71 by /rik+ 2 & & ins]t+ a p]iod2 & 7iii7 by /rik+ clause 7ix74 #c4 ,am5dm5ts to ! ,int]nal ,rev5ue ,code ( #aihf 7a7 ,eligible p>ticipant ,p>agraph 7#b7 ( section #djb;,a7e7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#b7 ,eligible p>ticipant ,= purposes ( ?is subsection1 ! t]m eligible p>ticipant1 ) reg>d to a def9$ contribution plan1 means an individual1 )\t reg>d to :e!r ! individual is o!rwise a p>ticipant 9 su* plan1 :o meets any age1 s]vice1 & o!r eligibility requirem5ts ( ! plan4 4 7b7 ,contribution limitation ,clause 7i7 ( section #djb;,a7e77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #b1ejj & ins]t+ #e1jjj4 7c7 ,con=m+ am5dm5t ,subp>agraph 7,a7 ( section #djb;,a7e77#e7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ & at ! end ( clause 7vii71 by /rik+ 2 & at ! end ( clause 7viii7 & ins]t+ a p]iod1 & by /rik+ clause 7ix74 #d4 ,effective date ,! am5dm5ts made by sections #b & #c %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbf4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,em]g5cy ,sav+s ,enhancem5t ,act ( #bjbe4 #b4 ,am5dm5ts to ! ,employee ,retirem5t ,income ,security ,act ( #aigd ,section #hja ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aaic7 is am5d$-- 7#a7 by /rik+ subsection 7b7 & ins]t+ ! foll[+3 7b7 ,eligible p>ticipant ,= purposes ( ?is "p1 ! t]m eligible p>ticipant1 ) reg>d to an individual acc\nt plan1 means an individual :o meets any age1 s]vice1 & o!r eligibility requirem5ts ( ! plan4 2 & 7#b7 9 subsection 7d7-- 7,a7 9 p>agraph 7#a77;,a77i71 by /rik+ #b1ejj & ins]t+ #e1jjj2 & 7,b7 9 p>agraph 7#c77;,a7-- 7i7 9 clause 7vii71 by add+ & at ! end2 7ii7 9 clause 7viii71 by /rik+ 2 & & ins]t+ a p]iod2 & 7iii7 by /rik+ clause 7ix74 #c4 ,am5dm5ts to ! ,int]nal ,rev5ue ,code ( #aihf 7a7 ,eligible p>ticipant ,p>agraph 7#b7 ( section #djb;,a7e7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#b7 ,eligible p>ticipant ,= purposes ( ?is subsection1 ! t]m eligible p>ticipant1 ) reg>d to a def9$ contribution plan1 means an individual1 )\t reg>d to :e!r ! individual is o!rwise a p>ticipant 9 su* plan1 :o meets any age1 s]vice1 & o!r eligibility requirem5ts ( ! plan4 4 7b7 ,contribution limitation ,clause 7i7 ( section #djb;,a7e77#c77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #b1ejj & ins]t+ #e1jjj4 7c7 ,con=m+ am5dm5t ,subp>agraph 7,a7 ( section #djb;,a7e77#e7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ & at ! end ( clause 7vii71 by /rik+ 2 & at ! end ( clause 7viii7 & ins]t+ a p]iod1 & by /rik+ clause 7ix74 #d4 ,effective date ,! am5dm5ts made by sections #b & #c %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbf4 #e4 ,appropriations = ! ,employee ,own]%ip ,initiative grant program ,section #cdf ( ! ,,secure #b4j ,act ( #bjbb 7#bi ,u4,s4,c4 #cbbh7 is am5d$-- 7#a7 9 subsection 7d77#f71 by add+ at ! end ! foll[+3 7,f7 ,= fiscal ye>s #bjcj ?r\gh #bjce1 ! am\nt describ$ 9 ?is p>agraph = ! previ\s fiscal ye> adju/$ by ! p]c5t increase 9 ! consum] price index = all urban consum]s = ! mo/ rec5t #ab-mon? p]iod = :i* applicable data is available4 2 & 7#b7 by /rik+ subsection 7g7 & ins]t+ ! foll[+3 7g7 ,fund+ 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#d71 ! ,secret>y may make grants "u subsection 7d7 9 a fiscal ye> us+ am\nts appropriat$ "u p>agraphs 7#b7 & 7#c7 = t fiscal ye>4 7#b7 ,discretion>y funds ,9 addition to am\nts appropriat$ "u p>agraph 7#c71 !re is au?oriz$ to be appropriat$1 = use z describ$ 9 p>agraph 7#a71 n m ?an ! foll[+3 7,a7 ,= fiscal ye> #bjbe1 #d1jjj1jjj4 7,b7 ,= fiscal ye> #bjbf1 #g1jjj1jjj4 7,c7 ,= fiscal ye> #bjbg1 #aj1jjj1jjj4 7,d7 ,= fiscal ye> #bjbh1 #ac1jjj1jjj4 7,e7 ,= fiscal ye> #bjbi1 #af1jjj1jjj 7,f7 ,= fiscal ye> #bjcc1 #bj1jjj1jjj4 7,g7 ,= fiscal ye> #bjcd1 #ba1jjj1jjj4 7,h7 ,= fiscal ye> #bjce1 #bb1jjj1jjj4 7#c7 ,m&atory funds ,!re is appropriat$1 out ( any money 9 ! ,treasury n o!rwise appropriat$1 = use z describ$ 9 p>agraph 7#a7 ! foll[+3 7,a7 ,= fiscal ye> #bjbg1 #h1jjj1jjj4 7,b7 ,= fiscal ye> #bjbh1 #aj1jjj1jjj4 7,c7 ,= fiscal ye> #bjbi1 #ab1jjj1jjj4 7,d7 ,= fiscal ye> #bjcj1 #ad1jjj1jjj4 7,e7 ,= fiscal ye> #bjca1 #af1jjj1jjj4 7,f7 ,= fiscal ye> #bjcb1 #ah1jjj1jjj4 7#d7 ,program adm9i/ration 7,a7 ,9 g5]al ,( ! am\nts appropriat$ "u p>agraphs 7#b7 & 7#c7 = a fiscal ye>1 ! ,secret>y may res]ve n m ?an #e p]c5t ( su* am\nts = ! adm9i/rative exp5ses relat$ to ! ,initiative1 includ+ adm9i/ration ( ! grant program "u subsection 7d74 7,b7 ,use ( funds ,am\nts res]ve "u subp>agraph 7,a7 may be us$ =-- 7i7 plann+1 ov]sight1 & managem5t ( su* grant program2 7ii7 monitor+ ( activities c>ri$ out "u ?is section2 7iii7 p]sonnel1 tra9+1 & o!r adm9i/rative co/s directly relat$ to c>ry+ out ?is section2 & 7iv7 su* o!r adm9i/rative activities z ! ,secret>y det]m9es appropriate to c>ry out ! purposes ( ?is section4 4 ,augu/ #e1 #bjbf,report$ ) an am5dm5t