3.0.0 1646 2023-01-11T13:30:39Z 2023-01-11T13:30:39Z Senate S 2015-06-23 114 ssfi00 Finance Committee Senate Standing Referred to 2015-06-23T16:12:21Z Technical Clarification to Public Law 113-243 Act of 2015 114 2865 HR 2015-06-23 Referred to the House Committee on Ways and Means. Identical bill CRS Consolidated Appropriations Act, 2016 114 2029 HR 2015-12-18 Became Public Law No: 114-113. Related bill CRS 2015-06-23 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-06-23 Introduced in Senate IntroReferral 10000 9 Library of Congress I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2015-06-23 True Taxation Aviation and airports Bankruptcy Employee benefits and pensions Income tax exclusion Transportation employees Taxation 00 2015-06-23 Introduced in Senate 2016-03-17T18:49:55Z Technical Clarification to Public Law 113-243 Act of 2015

This bill amends the FAA Modernization and Reform Act of 2012 with respect to rollovers to a traditional individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases.

A commercial airline employee shall be qualified for such a rollover if he or she had participated in a commercial airline's tax-exempt defined benefit pension plan that was terminated or otherwise restricted.

The bill prescribes a special rule for airline payments received by a qualified employee from an airline carrier resulting from a bankruptcy case filed after September 11, 2001, and before January 1, 2007, or on November 29, 2011.

Under this special rule, the period for a qualified airline employee to make a tax-exempt rollover of such a payment into a traditional IRA shall be extended to the period beginning on December 18, 2014, and ending 180 days after the enactment of this Act.

]]> Technical Clarification to Public Law 113-243 Act of 2015 Display Title Technical Clarification to Public Law 113-243 Act of 2015 Official Title as Introduced A bill to amend the FAA Modernization and Reform Act of 2012 to make a technical correction relating to the amendments made by Public Law 113-243. Introduced in Senate IS Short Titles as Introduced Technical Clarification to Public Law 113-243 Act of 2015 Introduced in Senate 2015-06-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1646is/xml/BILLS-114s1646is.xml 2015-06-23 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.