[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 661 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 661

  To amend the Internal Revenue Code of 1986 to allow rollovers from 
        other retirement plans into simple retirement accounts.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 2011

   Ms. Foxx 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 allow rollovers from 
        other retirement plans into simple retirement accounts.

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

SECTION 1. ROLLOVERS PERMITTED FROM OTHER RETIREMENT PLANS INTO SIMPLE 
              RETIREMENT ACCOUNTS.

    (a) In General.--Subparagraph (B) of section 408(p)(1) of the 
Internal Revenue Code of 1986 is amended by inserting ``except in the 
case of a rollover contribution described in subsection (d)(3)(G) or a 
rollover contribution otherwise described in subsection (d)(3) or in 
section 402(c), 403(a)(4), 403(b)(8), or 457(e)(16) which is made after 
the 2-year period described in section 72(t)(6),'' before ``with 
respect to which the only contributions allowed''.
    (b) Effective Date.--The amendments made by this section shall 
apply to contributions made after the date of the enactment of this 
Act.
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