HR 3656 · 112th Congress · Taxation

Retirement Savings Security Act of 2011

Introduced 2011-12-13· Sponsored by Rep. Sessions, Pete [R-TX-32]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Health, Employment, Labor, and Pensions.(2012-03-29)

Plain Language Summary

[AI summary unavailable — showing source text] Retirement Savings Security Act of 2011 - Amends the Internal Revenue Code to provide for a qualified participant loan protection arrangement to allow a participant or beneficiary who receives any amount as a loan from an eligible retirement plan (i.e., a qualified trust, an annuity plan, or an annuity contract) the option to obtain protection against death and disability through: (1) a group insurance policy issued to the plan for the sole purpose of providing participant and beneficiary loan death and disability insurance, or (2) a debt protection product in which debt protection is provided through appropriate commercial contractual liability insurance.…

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

Cosponsors (6)

3 Democrats3 Republicans