[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1313 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                S. 1313

  To amend the Internal Revenue Code of 1986 to permit Indian tribal 
   governments to maintain section 401(k) plans for their employees.


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                   IN THE SENATE OF THE UNITED STATES

             October 11 (legislative day, October 10), 1995

 Mr. Campbell introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to permit Indian tribal 
   governments to maintain section 401(k) plans for their employees.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ELIGIBILITY OF INDIAN TRIBAL GOVERNMENTS TO MAINTAIN SECTION 
              401(k) PLANS.

    (a) In General.--The last sentence of section 401(k)(4)(B) of the 
Internal Revenue Code of 1986 (relating to ineligibility of certain 
government and exempt organizations is amended to read as follows: 
``This subparagraph shall not apply to a rural cooperative plan or a 
plan maintained by an Indian tribal government (within the meaning of 
section 7871).''
    (b) Effective Date.--The amendment made by this section shall apply 
to plans established after December 31, 1994.
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