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401(k) Protection Act of 1996

Introduced: August 2, 1996 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 August 2, 1996

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4004: 401(k) Protection Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-4004/
MLA
"H.R. 4004: 401(k) Protection Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-4004/.
Bluebook (legal)
H.R. 4004, 104th Cong. (2026), https://openamerica.io/bill/104-HR-4004/.
Markdown link
[H.R. 4004: 401(k) Protection Act of 1996](https://openamerica.io/bill/104-HR-4004/)
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