[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1986 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1986

To amend the Internal Revenue Code of 1986 to increase the amount which 
           may be contributed to defined contribution plans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 19, 1997

  Mr. Leach introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to increase the amount which 
           may be contributed to defined contribution plans.

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

SECTION 1. INCREASE IN AMOUNT WHICH MAY BE CONTRIBUTED TO DEFINED 
              CONTRIBUTION PLANS.

    (a) In General.--Subparagraph (B) of section 415(c)(1) of the 
Internal Revenue Code of 1986 (relating to limitation for defined 
contribution plans) is amended by striking ``25 percent'' and inserting 
``40 percent''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to years beginning after December 31, 1993.
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