To amend the Internal Revenue Code of 1986 to repeal the required beginning date for distributions from individual retirement plans and for distributions of elective deferrals under qualified cash or deferred arrangements.

Amends the Internal Revenue Code to eliminate the requirement that individual retirement accounts (other than Roth IRAs) and elective deferrals under qualified cash or deferred arrangments must have a beginning date for mandatory distributions.

[Congressional Bills 110th Congress]
[From the U.S. Government Printing Office]
[H.R. 396 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 396

   To amend the Internal Revenue Code of 1986 to repeal the required 
 beginning date for distributions from individual retirement plans and 
    for distributions of elective deferrals under qualified cash or 
                         deferred arrangements.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2007

  Mr. Saxton introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to repeal the required 
 beginning date for distributions from individual retirement plans and 
    for distributions of elective deferrals under qualified cash or 
                         deferred arrangements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REQUIRED BEGINNING DATE FOR DISTRIBUTIONS FROM INDIVIDUAL 
              RETIREMENT PLANS AND FOR DISTRIBUTIONS OF ELECTIVE 
              DEFERRALS UNDER QUALIFIED CASH OR DEFERRED ARRANGEMENTS.

    (a) In General.--Subparagraph (C) of section 401(a)(9) of the 
Internal Revenue Code of 1986 (relating to required distributions) is 
amended by adding at the end the following new clause:
                            ``(v) Special rule for individual 
                        retirement plans and deferred compensation 
                        arrangements.--In the case of any individual 
                        retirement plan (other than a Roth IRA) and 
                        elective deferrals (as defined in section 
                        402(g)(3)) of any qualified cash or deferred 
                        arrangement (as defined in section 401(k))--
                                    ``(I) subparagraph (A)(i) shall not 
                                apply, and
                                    ``(II) the required beginning date 
                                shall be the date of death of the 
                                employee.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to distributions after December 31, 2006.
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