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- H.R.6708
H.R.6708: To amend the Internal Revenue Code of 1986 to provide that no loan may be made from a qualified employer plan using revolving credit arrangements and to limit the number of loans that may be made from a qualified employer plan to a participant or benefici
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced July 31, 2008
- Latest Major Action July 31, 2008
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) prohibit tax-exempt employer pension or benefit plans from making a loan to any plan beneficiary through a revolving credit arrangement; and (2) limit to three the number of loans a plan can make to a plan participant or beneficiary without tax consequences.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 31, 2008 |
Introduced in the House by Bill Foster (D-Ill.) |