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S 60 106th Congress Senate

Enhanced Savings Opportunities Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide equitable treatment for contributions by employees to pension plans.

Introduced: January 19, 1999 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Taxation AnnuitiesBusiness income taxCharitiesCivil Service pensions
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ClergyCommerceDefined contribution plansGovernment Operations and PoliticsIncome taxIndividual retirement accountsLabor and EmploymentLocal employeesPension fundsReligionSocial WelfareState employeesTax deductionsTax-deferred compensation plansTax-exempt organizations
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 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
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 Latest action June 30, 1999

Committee on Finance. Hearings held.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 60: Enhanced Savings Opportunities Act. 106th Congress. Open America. https://openamerica.io/bill/106-S-60/
MLA
"S. 60: Enhanced Savings Opportunities Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-60/.
Bluebook (legal)
S. 60, 106th Cong. (2026), https://openamerica.io/bill/106-S-60/.
Markdown link
[S. 60: Enhanced Savings Opportunities Act](https://openamerica.io/bill/106-S-60/)
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