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- S.940
S.940: SEAL Act
About This Bill
- Introduced April 25, 2017
- Latest Major Action April 25, 2017
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - April 25, 2017
Bill Summary
Shrinking Emergency Account Losses Act of 2017 or the SEAL Act This bill 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 qualified employer plans from making loans using credit cards or any other similar arrangement. The bill also requires the Department of the Treasury...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 25, 2017 |
Read twice and referred to the Committee on Finance.
|
| April 25, 2017 |
Introduced in the Senate by Michael B. Enzi (R-Wyo.) |