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S 2505 110th Congress Senate Taxation Airline employees Airlines Bankruptcy Commerce Finance and Financial Sector Income tax Individual retirement accounts Labor and Employment Tax exclusion Tax penalties Transportation and Public Works

A bill 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…

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A bill 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 18, 2007 Introduced by: Cantwell, Maria Democratic · Washington See on congress.gov
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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
Dec 18, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
Dec 18, 2007
Sponsor introductory remarks on measure. (CR S15919)
Dec 18, 2007
Introduced in Senate
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 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.

What's happening now December 18, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)

 Related & companion bills 1
  • HR 4061 Related bill To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll ov…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Klobuchar, Amy
Minnesota · Sep 8, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2505: A bill 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-S-2505/
MLA
"S. 2505: A bill 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-S-2505/.
Bluebook (legal)
S. 2505, 110th Cong. (2026), https://openamerica.io/bill/110-S-2505/.
Markdown link
[S. 2505: A bill 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-S-2505/)
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