,,ii  #aaith ,,congress  #ast ,session  
,s4 #cceb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #d1  
#bjbe,mr4 ,barrasso 7for himself and    
,mr4 ,bennet7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to permit rollover            
contributions from ,roth ,i,r,as to     
designated ,roth accounts4  #a4 ,short  
title ,this ,act may be cited as the    
,retirement ,rollover ,flexibility ,act4
  #b4 ,rollover contributions from ,roth
 ,i,r,as to designated ,roth accounts   
7a7 ,treatment as rollover distribution 
for purposes of ,roth ,,ira  7#a7 ,in   
general ,section #djh7;d77#c77;,a7 of   
the ,internal ,revenue ,code of #aihf is
 amended by striking 2 or at the end of 
clause 7i7 and inserting a comma1 by    
striking the period at the end of clause
 7ii7 and inserting 1 or and by         
inserting after clause 7ii7 the         
following new clause3  7iii7 the entire 

amount received 7including money and any
 other property7 is paid in a direct    
trustee-to-trustee transfer to a        
designated ,roth account 7within the    
meaning of section #djb;,a7-- 7,i7 from 
an eligible ,roth ,,ira1 or  7,,ii7 in  
an automatic portability transaction 7as
 defined in section                     
#dige7;f77#ab77;,a77i774  4  7#b7       
,eligible ,roth ,,ira ,section          
#djh7;d77#c7 is amended by adding at the
 end the following new subparagraph3    
7,j7 ,e,ligible ,roth ,,ira ,for        
purposes of subparagraph 7,a77iii71 the 
term eligible ,roth ,,ira means a ,roth 
,,ira which-- 7i7 is the only ,roth     
,,ira 7other than a ,roth ,,ira         
established under section               
#dja7;a77#ca77;,b77i77 maintained for   
the benefit of the individual during the
 taxable year of the taxpayer in which  
the distribution or payment described in
 subparagraph 7,a77iii7 is made1 and    
7ii7 has a balance at the time of the   
payment or distribution which is not in 

excess of the amount described in       
section #dja7;a77#ca77;,b77ii74  4  7b7 
,treatment as rollover contribution for 
purposes of designated ,roth account    
7#a7 ,in general ,section               
#djb;,a7c77#c77;,b7 of the ,internal    
,revenue ,code of #aihf is amended by   
inserting or under section              
#djh7;d77#c77;,a77iii7 after            
subparagraph 7,a74  7#b7 ,treatment of  
earnings in case of taxable             
distributions ,section #djb;,a7d7 of    
such ,code is amended by adding at the  
end the following new paragraph3  7#f7  
,treatment of ,roth ,,ira rollover      
contributions ,notwithstanding section  
#gb1 the total amount of any rollover   
contribution to a designated ,roth      
account under section                   
#djh7;d77#c77;,a77iii7 shall be treated 
as investment in the contract4  4  7c7  
,coordination with nonexclusion period  
,section #djb;,a7d77#b77;,b7 of such    
,code is amended-- 7#a7 by striking     
earlier in the matter preceding         

subclause 7i7 and inserting earliest1   
7#b7 by striking or at the end of clause
 7i71  7#c7 by striking the period at   
the end of clause 7ii71 and  7#d7 by    
adding at the end the following3  7iii7 
if a rollover contribution was made to  
such designated ,roth account from a    
,roth ,,ira under section               
#djh7;d77#c77;,a77iii77,,ii7 and the    
automatic portability provider 7as      
defined in section                      
#dige7;f77#ab77;,a77ii77 provides the   
first taxable year to which a           
contribution was made to the source     
plan1 the first taxable year in which   
the individual made contributions to the
 source plan4 ,for purposes of clause   
7iii71 the term source plan means the   
eligible retirement plan 7as defined in 
section #dja7;a77#ca77;,b77ii77 from    
which amounts were transferred to the   
,roth ,,ira as described in section     
#dige7;f77#ab77;,a77i77,i74 4  7d7      
,effective date ,the amendments made by 
this section shall apply to amounts paid

 or distributed after the date of the   
enactment of this ,act4