To repeal the mandatory 20 percent income tax withholding on eligible rollover distributions which are not rolled over.

[AI summary unavailable — showing source text] Repeals provisions of the Unemployment Compensation Amendments of 1992 which require 20 percent income tax withholding on eligible rollover distributions of pension plans which are not rolled over into eligible retirement plans. Requires the Internal Revenue Code to be applied as if such provisions had never been enacted.…