Summary: H.R.2030 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2030. Bill summaries are authored by CRS.

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Introduced in House (04/06/2017)

Savings Enhancement by Alleviating Leakage in 401(k) Savings Act

This bill amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed.

The bill also requires the Department of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make additional contributions to a plan during the six-month period following a hardship distribution.