3.0.0 3910 2023-01-11T13:38:30Z 2023-01-11T13:38:30Z House HR 2017-10-02 115 [Congressional Record Volume 163, Number 157 (Monday, October 2, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NEAL:H.R. 3910.Congress has the power to enact this legislation pursuantto the following:Sections 7 & 8 of Article I of the United StatesConstitution and Amendment XVI of the United StatesConstitution.[Page H7672]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-10-02T16:01:45Z Retirement Plan Simplification and Enhancement Act of 2017 115 4524 HR 2017-12-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS Automatic Retirement Plan Act of 2017 115 4523 HR 2017-12-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 2017-10-02 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-10-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-10-02 Introduced in House IntroReferral 1000 9 Library of Congress N000015 Rep. Neal, Richard E. [D-MA-1] RICHARD NEAL D MA E. 1 N B001293 Rep. Bishop, Mike [R-MI-8] Mike Bishop R MI 8 2017-10-02 True Taxation Employee benefits and pensions Financial services and investments Income tax deferral Taxation 00 2017-10-02 Introduced in House 2018-04-04T19:02:05Z This bill amends the Internal Revenue Code to allow distributions from certain tax-favored employer-sponsored retirement plans if a lifetime income investment or managed account investment is no longer authorized to be held as an investment option under the plan.

If a lifetime income or managed account investment is no longer authorized to be held as an investment option under the plan, the bill allows: (1) qualified distributions of a lifetime income investment or a managed account investment, or (2) distributions of a lifetime income investment in the form of a qualified plan distribution annuity contract.

A "qualified distribution" is a direct trustee-to-trustee transfer to an eligible retirement plan. A "qualified plan distribution annuity contract" is an annuity contract purchased for a participant and distributed to the participant by an employer-sponsored retirement plan.

]]> To amend the Internal Revenue Code of 1986 to make lifetime income and managed account options of defined contribution retirement savings plans portable. Display Title To amend the Internal Revenue Code of 1986 to make lifetime income and managed account options of defined contribution retirement savings plans portable. Official Title as Introduced To amend the Internal Revenue Code of 1986 to make lifetime income and managed account options of defined contribution retirement savings plans portable. Introduced in House 2017-10-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3910ih/xml/BILLS-115hr3910ih.xml 2017-10-02 Referred to the House Committee on Ways and Means. 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.