HR 4004
104th Congress
House
Taxation
College costs
Commerce
Credit cards
Education
Educational finance
Finance and Financial Sector
Health
Higher education
Home ownership
Housing and Community Development
Housing finance
Income tax
Labor and Employment
Law
Loans
Medical economics
Pension funds
Self-employed
Student loan funds
401(k) Protection Act of 1996
Introduced: August 2, 1996
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 1996
Referred to the House Committee on Ways and Means.
Aug 2, 1996
Introduced in House
Plain-English summary
401(k) Protection Act of 1996 - Amends the Internal Revenue Code with respect to qualified employer plans to: (1) prohibit loans made through credit cards or other intermediaries; and (2) treat loans as distributions unless used to purchase a first-time home, pay higher education or financially devastating medical costs, or used during periods of unemployment.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1