Retirement Account Portability Improvement Act of 2003

Fact Sheet API

Bill Number

HR 518

Introduced

Jan 31, 2003

Latest Action

Referred to the Subcommittee on Employer-Employee Relations.

Sponsor

Cosponsors

Topics

Annuities Civil service retirement Defined benefit pension plans Defined contribution plans Employee health benefits Families Flexible benefit plans Government Operations and Politics Health Income tax Individual retirement accounts Labor and Employment Married people Pension funds Pension portability Tax penalties Tax-deferred compensation plans Taxation

Full Text

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Votes

Summary

Retirement Account Portability Improvement Act of 2003 - Amends the Internal Revenue Code to increase portability among retirement plans by, among other things: (1) increasing rollover opportunities; (2) providing for faster vesting of employer nonelective contributions; and (3) elimination of the higher penalty on certain SIMPLE distributions.

Actions

Mar 3, 2003

Referred to the Subcommittee on Employer-Employee Relations.
Jan 31, 2003

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 31, 2003

Sponsor introductory remarks on measure. (CR E118)
Jan 31, 2003

Introduced in House

Amendments

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