A bill to amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases, and for other purposes.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to permit in-service rollovers—allowing individuals to transfer funds from existing retirement accounts into individual retirement annuities without waiting for retirement or separation from service. The bill includes unspecified additional provisions indicated by the phrase 'and for other purposes.' The full text was unavailable at the time of analysis.
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How your representatives voted
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