To amend the Internal Revenue Code of 1986 to clarify the treatment of individual retirement accounts when the balance in such an account is taken into account for purposes of determining eligibility for reduced cost or no cost services.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that the excise tax on prohibited transactions for qualified pension plans does not apply to the treatment of individual retirement accounts when account balances are used for purposes of determining eligibility for reduced cost or no cost services.…