Summary: S.2505 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for S.2505. Bill summaries are authored by CRS.

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Introduced in Senate (12/18/2007)

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.