HR 1368 IH
107th CONGRESS
1st Session
H. R. 1368
To amend the Internal Revenue Code of 1986 to remove the requirement
of a mandatory beginning date for distributions from individual retirement
plans.
IN THE HOUSE OF REPRESENTATIVES
April 3, 2001
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 remove the requirement
of a mandatory beginning date for distributions from individual retirement
plans.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. REMOVAL OF REQUIREMENT OF MANDATORY BEGINNING DATE FOR
DISTRIBUTIONS FROM INDIVIDUAL RETIREMENT PLANS.
(a) IN GENERAL- Paragraph (6) of section 408(a) of the Internal Revenue
Code of 1986 (relating to individual retirement account) and paragraph (3) of
section 408(b) of such Code (relating to individual retirement annuity) are
each amended by inserting `(other than subparagraph (A) thereof)' after
`section 401(a)(9)'.
(b) EFFECTIVE DATE- The amendment made by subsection (a) shall take effect
on the date of the enactment of this Act.
END