HR 1661

112th CONGRESS
1st Session

H. R. 1661

To amend the Internal Revenue Code of 1986 to allow loans from certain retirement plans for the payment of certain small business expenses.

IN THE HOUSE OF REPRESENTATIVES

April 15, 2011

Ms. TSONGAS (for herself, Ms. RICHARDSON, Mr. KILDEE, Mr. KEATING, Mr. COURTNEY, and Ms. CLARKE of New York) 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 allow loans from certain retirement plans for the payment of certain small business expenses.

SECTION 1. SHORT TITLE.

SEC. 2. FINDINGS.

SEC. 3. LOANS FROM INDIVIDUAL RETIREMENT PLANS FOR CERTAIN SMALL BUSINESS EXPENSES.

SEC. 4. QUALIFIED SMALL BUSINESS LOANS FROM QUALIFIED EMPLOYER PLAN.

END