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HR 4061 110th Congress House

To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.

Introduced: December 5, 2007 See on congress.gov
Taxation Airline employeesAirlinesBankruptcyCommerce
More subjectsShow fewer subjects
Finance and Financial SectorIncome taxIndividual retirement accountsLabor and EmploymentTax exclusionTax penaltiesTransportation and Public Works
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 7, 2007
Sponsor introductory remarks on measure. (CR E2341)
Nov 1, 2007
Referred to the House Committee on Ways and Means.
Nov 1, 2007
Introduced in House
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 Latest action November 7, 2007

Sponsor introductory remarks on measure. (CR E2341)

 Plain-English summary Congressional Research Service

Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.

 Related & companion bills 1
  • S 2505 Related bill A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 9 Republican 4
R
Calvert, Ken
California · Jun 4, 2008
 R
Aderholt, Robert B.
Alabama · May 13, 2008
 D
Carson, André
Indiana · Apr 29, 2008
 D
Doggett, Lloyd
Texas · Apr 29, 2008
 D
Johnson, Henry C. "Hank"
Georgia · Apr 2, 2008
 R
Buchanan, Vern
Florida · Mar 4, 2008
 R
Walberg, Tim
Michigan · Feb 26, 2008
 D
Lofgren, Zoe
California · Feb 7, 2008
 D
Smith, Adam
Washington · Feb 7, 2008
 D
Green, Al
Texas · Jan 28, 2008
 D
Van Hollen, Chris
Maryland · Dec 18, 2007
 D
Larsen, Rick
Washington · Dec 13, 2007
 D
Davis, Danny K.
Illinois · Dec 5, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4061: To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-4061/
MLA
"H.R. 4061: To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-4061/.
Bluebook (legal)
H.R. 4061, 110th Cong. (2026), https://openamerica.io/bill/110-HR-4061/.
Markdown link
[H.R. 4061: To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.](https://openamerica.io/bill/110-HR-4061/)
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