Amendment in the nature of a substitute sought to provide for the establishment of retirement savings accounts; provide credits to low and middle income workers who participate in an employer-sponsored pension account or an IRA; and make small business employees eligible for credits on their retirement plans.

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Amendment Number
1010
Description
Amendment in the nature of a substitute sought to provide for the establishment of retirement savings accounts; provide credits to low and middle income workers who participate in an employer-sponsored pension account or an IRA; and make small business employees eligible for credits on their retirement plans.
Purpose
An amendment printed in H. Rept. 106-760 to include the text of H.R. 4843, as reported, H. Rept. 106-753, to provide a credit for low and middle income workers, make small business employees eligible to claim a credit, provide relief from certain section 405 rules, and express a sense of Congress concerning the resolution of cash balances.
Congress
106
Type
HAMDT
Latest Action Date
Jul 19, 2000
Latest Action Text
On agreeing to the Neal amendment (A002) as modified Failed by the Yeas and Nays: 200 - 221 (Roll no. 410). (text as modified: CR H6516)
Latest Action Time
13:20:33
Submitted Date
Jul 19, 2000
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 1010 — Informed