HR 554 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow roll-over contributions to individual retirement plans from deferred compensation plans maintained by States and local governments and to allow State and local governments to maintain 401(k) plans.

Introduced 1999-02-03· Sponsored by Rep. McNulty, Michael R. [D-NY-21]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-02-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow: (1) a rollover contribution to an individual retirement account from a State or local government deferred compensation plan (section 457 plan); and (2) such an entity to maintain a 401k plan.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Frank, Barney [D-MA-4]MA