[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6757 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 6757

   To amend the Internal Revenue Code of 1986 to permit the rollover 
       contributions from Roth IRAs to designated Roth accounts.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 13, 2023

Mr. LaHood (for himself and Ms. Sanchez) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to permit the rollover 
       contributions from Roth IRAs to designated Roth accounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ROLLOVER CONTRIBUTIONS FROM ROTH IRAS TO DESIGNATED ROTH 
              ACCOUNTS.

    (a) Treatment as Rollover Distribution for Purposes of Roth IRA.--
Section 408(d)(3)(A) of the Internal Revenue Code of 1986 is amended by 
striking ``; or'' at the end of clause (i) and inserting a comma, by 
striking the period at the end of clause (ii) and inserting ``, or'' 
and by inserting after clause (ii) the following new clause:
                            ``(iii) the entire amount received 
                        (including money and any other property) is 
                        paid in a direct trustee-to-trustee transfer 
                        from a Roth IRA to a designated Roth account 
                        (within the meaning of section 402A).''.
    (b) Treatment as Rollover Contribution for Purposes of Desginated 
Roth Account.--Section 402A(c)(3)(B) of such Code is amended by 
inserting ``or under section 408(d)(3)(A)(iii)'' after ``subparagraph 
(A)''.
    (c) Coordination With Nonexclusion Period.--Section 402A(d)(2)(B) 
of such Code is amended--
            (1) by striking ``earlier'' in the matter preceding 
        subclause (i) and inserting ``earliest'',
            (2) by striking ``or'' at the end of clause (i),
            (3) by striking the period at the end of clause (ii) and 
        inserting ``, or'', and
            (4) by adding at the end the following new clause:
                            ``(iii) if a rollover contribution was made 
                        to the designated Roth account from a Roth IRA, 
                        the first taxable year in which such a rollover 
                        contribution was made.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to amounts paid or distributed after the date of the enactment of 
this Act.
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