Home > Legislation > 115th Congress > H.R.2030

H.R.2030 - Savings Enhancement by Alleviating Leakage in 401(k) Savings Act115th Congress (2017-2018)

Bill

Hide Overview
Sponsor: Rep. Johnson, Sam [R-TX-3] (Introduced 04/06/2017)
Committees: House - Ways and Means
Latest Action: House - 04/06/2017 Referred to the House Committee on Ways and Means.  (All Actions)

Tracker:

This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

Subject — Policy Area:

Summary: H.R.2030 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2030. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/06/2017)

Savings Enhancement by Alleviating Leakage in 401(k) Savings Act

This bill amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed.

The bill also requires the Department of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make additional contributions to a plan during the six-month period following a hardship distribution.