U.S. Congress - H.R.3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011
H.R.3287 - Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011
To amend the Internal Revenue Code of 1986 to modify the rules relating to loans made from a qualified employer plan, and for other purposes. view all titles (3)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to modify the rules relating to loans made from a qualified employer plan, and for other purposes. as introduced.
- Short: Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 as introduced.
- Short: SEAL 401(k) Savings Act as introduced.
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Official Summary
11/1/2011--Introduced.Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Savings Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or aOfficial Summary
11/1/2011--Introduced.Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Savings Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed. Requires the Secretary of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make additional contributions to a plan during the six month period following a hardship distribution....Read the Rest
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