HR 13355 · 95th Congress ·

A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to allow the use of a participant's contributions to certain defined contribution plans as security for a loan from a bank or insured credit union.

Introduced 1978-06-29· Sponsored by Rep. Jones, James R. [D-OK-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-06-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Employee Income Retirement Income Security Act of 1974 and the Internal Revenue Code to allow the use of a participant's contributions to certain employee benefit plans as security for a loan from a bank or an insured credit union.…

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