HR 616 · 106th Congress · Labor and Employment

To amend the Internal Revenue Code of 1986 to permit 401(k) contributions which would otherwise be limited by employer contributions to employee stock ownership plans.

Introduced 1999-02-08· Sponsored by Rep. Crane, Philip M. [R-IL-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-02-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit employers to make contributions to employees' 401(k) plans regardless of employer contributions to employee stock ownership plans.…

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

Cosponsors (1)

1 Republican
Rep. Weller, Jerry [R-IL-11]IL