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S 557 112th Congress Senate

Public Good IRA Rollover Act of 2011

Official title: A bill to amend the Internal Revenue Code of 1986 to expand tax-free distributions from individual retirement accounts for charitable purposes.

Introduced: March 10, 2011 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Employee benefits and pensionsIncome tax exclusionSocial work, volunteer service, charitable organizations
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2011
Read twice and referred to the Committee on Finance.
Mar 10, 2011
Introduced in Senate
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 Latest action March 10, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Public Good IRA Rollover Act of 2011 - Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (4) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).

 Related & companion bills 1
  • HR 2502 Identical bill Public Good IRA Rollover Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 1
R
Collins, Susan M.
Maine · Jun 12, 2012
Burr, Richard
· Mar 10, 2011
 D
Gillibrand, Kirsten E.
New York · Mar 10, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 557: Public Good IRA Rollover Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-557/
MLA
"S. 557: Public Good IRA Rollover Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-557/.
Bluebook (legal)
S. 557, 112th Cong. (2026), https://openamerica.io/bill/112-S-557/.
Markdown link
[S. 557: Public Good IRA Rollover Act of 2011](https://openamerica.io/bill/112-S-557/)
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