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- S.606
S.606: SEAL Act
About This Bill
- Introduced March 19, 2013
- Latest Major Action March 19, 2013
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Shrinking Emergency Account Losses Act of 2013 or the SEAL Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts. Requires the Secretary of the Treasury to modify regulations...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 19, 2013 |
Read twice and referred to the Committee on Finance.
|
| March 19, 2013 |
Introduced in the Senate by Bill Nelson (D-Fla.) |