To amend the Internal Revenue Code of 1986 to permit individuals who withdrew certain amounts from individual retirement accounts to recontribute such amounts.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an individual to recontribute a distribution from an individual retirement plan if: (1) such distribution is received during the four-year period beginning on the date two years before the date of the enactment of this Act; and (2) the ten-percent penalty tax on early distributions was imposed.…