HR 3656
112th Congress
House
Taxation
Employee benefits and pensions
Income tax deferral
Income tax exclusion
Life, casualty, property insurance
Retirement Savings Security Act of 2011
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 2012
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Dec 13, 2011
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 13, 2011
Introduced in House
Plain-English summary
Retirement Savings Security Act of 2011 - Amends the Internal Revenue Code to provide for a qualified participant loan protection arrangement to allow a participant or beneficiary who receives any amount as a loan from an eligible retirement plan (i.e., a qualified trust, an annuity plan, or an annuity contract) the option to obtain protection against death and disability through: (1) a group insurance policy issued to the plan for the sole purpose of providing participant and beneficiary loan death and disability insurance, or (2) a debt protection product in which debt protection is provided through appropriate commercial contractual liability insurance.
What's happening now
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Committees of jurisdiction
3