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S. 5125 117th Congress Senate

Family Attribution Modernization Act

Official title: A bill to amend the Internal Revenue Code of 1986 to reform the application of family attribution rules for purposes of retirement plans.

Introduced: November 17, 2022 Introduced by: Mark Kelly Democratic · Arizona See on congress.gov
Taxation
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Nov 17, 2022
Read twice and referred to the Committee on Finance.
Nov 17, 2022
Introduced in Senate
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 Latest action November 17, 2022

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Family Attribution Modernization Act

This bill modifies family attribution rules for purposes of tax-exempt pension and profit sharing plans (e.g., 401k retirement plans) to provide that (1) community property laws shall be disregarded for purposes of determining ownership under attribution rules, and (2) attribution is eliminated for spouses and minor children under certain circumstances. The family attribution rule treats an individual taxpayer as owning property interests (e.g., stock) that are owned, directly or indirectly, by the individual's spouse, children, grandchildren, and parents.

 Related & companion bills 3
  • HR 2796 Family Attribution Modernization Act
  • HR 2954 Securing a Strong Retirement Act of 2022
  • S 4808 EARN Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Cassidy, Bill
Louisiana · Nov 17, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5125: Family Attribution Modernization Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-5125/
MLA
"S. 5125: Family Attribution Modernization Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-5125/.
Bluebook (legal)
S. 5125, 117th Cong. (2026), https://openamerica.io/bill/117-S-5125/.
Markdown link
[S. 5125: Family Attribution Modernization Act](https://openamerica.io/bill/117-S-5125/)
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