S 1856
105th Congress
Senate
Taxation
Annuities
Clergy
Defined contribution plans
Labor and Employment
Pension funds
Religion
Tax-deferred compensation plans
Wages
Enhanced Savings Opportunities Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 1998
Read twice and referred to the Committee on Finance.
Mar 25, 1998
Sponsor introductory remarks on measure. (CR S2570-2571)
Mar 25, 1998
Introduced in Senate
Plain-English summary
Enhanced Savings Opportunities Act - Amends the Internal Revenue Code to permit maximum employee contributions to a defined contribution plan to be the lesser of either $30,000 or the participant's compensation, rather than the lesser of $30,000 or 25 percent of the participant's compensation. Makes conforming amendments regarding tax-exempt, educational, and State and local employee annuity plans.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1