[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3050 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 3050

  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

                             July 14, 2015

  Ms. Foxx (for herself and Mr. Larson of Connecticut) 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.--Section 408(p)(1)(B) 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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