,,ii  #aai? ,,congress  #b;d ,session   
,s4 #ebjd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #cj1 #bjbf,mr4   
,b>rasso 7= himself & ,mrs4 ,blackburn7 
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to exempt         
individual acc\nt plans f c]ta9         
prohibit$ transaction rules4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,simplify+ ,mod]n ,access to ,retirem5t 
,tools = ,sav+s ,act ( #bjbf or ! ,,sm>t
 ,sav+s ,act ( #bjbf4  #b4 ,exemption f 
prohibit$ transaction rules  7a7 ,9     
g5]al ,p>agraph 7#a7 ( section #dige7;e7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ to read z foll[s3  7#a7 ,plan ,=  
purposes ( ?is section1 ! t]m plan means
 a tru/ describ$ 9 section #dja7;a7 :i* 
=ms a "p ( a plan1 or a plan describ$ 9 
section #djc7;a71 :i* tru/ or plan is   
exempt f tax "u section #eja7;a74  4    
7b7 ,con=m+ am5dm5ts  7#a7 ,section     
#dige7;c7 ( ! ,int]nal ,rev5ue ,code (  

#aihf is am5d$-- 7,a7 by /rik+ p>agraphs
 7#c71 7#d71 7#e71 & 7#f71 &  7,b7 by   
r$esignat+ p>agraph 7#g7 z p>agraph     
7#c74  7#b7 ,section #dige7;f77#h77;,e7 
( su* ,code is am5d$ by /rik+ clause    
7ii7 & by r$esignat+ clause 7iii7 z     
clause 7ii74  7c7 ,pres]vation (        
self-,deal+ prohibitions ,section       
#djh7;e77#b77;,a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ to read z foll[s3
  7,a7  ,9 g5]al  7i7  ,self-deal+  ,if1
 dur+ any taxable ye> ( ! individual =  
^: b5efit any individual retirem5t      
acc\nt is e/abli%$1 t individual or !   
individual's b5efici>y deals ) ! income 
or assets ( a plan 9 ! individual's own 
int]e/ or = ! individual's own acc\nt or
 receives consid]ation = ! individual's 
own p]sonal acc\nt f any p>ty deal+ ) ! 
plan 9 connection ) a transaction       
involv+ ! income or assets ( ! plan1 o!r
 ?an ! receipt ( any relation%ip        
b5efits1 su* acc\nt ceases to be an     
individual retirem5t acc\nt z ( ! fir/  
day ( su* taxable ye>4 ,= purposes ( ?is

 p>agraph--  7,i7 ! individual = ^:     
b5efit any acc\nt 0 e/abli%$ is treat$ z
 ! creator ( su* acc\nt1  7,,ii7 !      
sep>ate acc\nt = any individual )9 an   
individual retirem5t acc\nt ma9ta9$ by  
an employ] or association ( employees is
 treat$ z a sep>ate individual retirem5t
 acc\nt1 &  7,,iii7 ea* individual      
retirem5t plan ( ! individual %all be   
treat$ z a sep>ate contract4  7ii7      
,relation%ip b5efits  ,= purposes (     
clause 7i71 ! t]m relation%ip b5efits   
means r$uc$ co/ or no-co/ products or   
s]vices or enhanc$ or improv$ products  
or s]vices or o!r b5efits receiv$ by a  
p]son pursuant to an arrangem5t 9 :i* ! 
acc\nt value (1 or ! fees incurr$ =     
s]vices provid$ to1 an individual       
retirem5t acc\nt are tak5 into acc\nt = 
purposes ( det]m9+ eligibility to       
receive su* b5efit4  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to transactions occurr+ aft] 
! date ( ! enactm5t ( ?is ,act4