S. 2505 · 110th Congress
A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy…
Full title
A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CantwellSponsor14 cosponsors · 7 D, 7 R
R
Chambliss
OH
R
Hatch
JI
R
Isakson
TJ
D
Johnson
BC
D
Cardin
JG
R
Gregg
DS
D
Stabenow
CL
D
Levin
JK
D
Kerry
JB
R
Bunning
OS
R
Snowe
NC
R
Coleman
CD
D
Dodd
AK
D
Klobuchar0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.
What it does: CRS summary · Introduced in Senate · Dec 18, 2007
Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.
Latest action (Dec 18, 2007): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
Policy area: Taxation · Origin: Senate · Introduced: Dec 18, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.