Sponsors (2)
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Replaces subsection (b) (definition of 'eligible participant') with new text; amends subsection (d) to change the monetary amount in paragraph (1)(A)(i) to "$5,000"; and modifies subsection (d)(3)(A) by altering punctuation in clauses (vii) and (viii) and striking clause (ix).
Redefines the term 'eligible participant' for purposes of the subsection to mean, with regard to a defined contribution plan, an individual who meets any age, service, and other eligibility requirements of the plan, without regard to whether the individual is otherwise a participant in such plan.
Amends clause (i) by striking the prior numeric text and inserting '$5,000' as the contribution limitation.
Makes conforming amendments to subparagraph (A) by adding text at the end of clause (vii), replacing the end of clause (viii) with a period, and striking clause (ix).
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, 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.
Introduced December 3, 2025 by Eugene Simon Vindman · Last progress December 3, 2025
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, 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.
Introduced in House