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- S.324
S.324: SEAL Act
About This Bill
- Introduced Jan. 30, 2015
- Latest Major Action Jan. 30, 2015
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Shrinking Emergency Account Losses Act of 2015 or the SEAL Act Amends the Internal Revenue Code, with respect to loans made from a qualified employer pension 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)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 30, 2015 |
Read twice and referred to the Committee on Finance.
|
| Jan. 30, 2015 |
Introduced in the Senate by Michael B. Enzi (R-Wyo.) |