S 60
106th Congress
Senate
Taxation
Annuities
Business income tax
Charities
Civil Service pensions
Clergy
Commerce
Defined contribution plans
Government Operations and Politics
Income tax
Individual retirement accounts
Labor and Employment
Local employees
Pension funds
Religion
Social Welfare
State employees
Tax deductions
Tax-deferred compensation plans
Tax-exempt organizations
Enhanced Savings Opportunities Act
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 1999
Committee on Finance. Hearings held.
Jan 19, 1999
Read twice and referred to the Committee on Finance.
Jan 19, 1999
Sponsor introductory remarks on measure. (CR S475-476)
Jan 19, 1999
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. Excludes elective deferrals from such limits.
What's happening now
Committee on Finance. Hearings held.
Committees of jurisdiction
1