A bill to fully enforce guidance on single sum distributions from cash balance plans, and for other purposes.
Last action on Jul 29, 2002Read twice and referred to the Committee on Finance.
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Summary
Prohibits the Internal Revenue Service from using any appropriated funds for any activity that contravenes IRS Notice 96-8 (issued January 18, 1996) or specified provisions of the Internal Revenue Code, the Employee Retirement Income Security Act of 1974, or the Age Discrimination in Employment Act of 1967 concerning single sum distributions from cash balance plans.
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