S. 3278 would amend the Internal Revenue Code of 1986 to provide that no loan may be made from a qualified employer plan using a credit card or other intermediary and to limit the number of loans that may be made from a qualified employer plan to a participant or beneficiary.

== Detailed Summary ==

<summary>
(Log inAmends the Internal Revenue Code to: (1) prohibit tax-exempt employer pension or benefit plans from making a loan to editany plan beneficiary through the wikiuse of a credit card or other intermediary; and be(2) limit to three the firstnumber of loans a plan can make to provide a detailed summary of the bill!)plan participant or beneficiary without tax consequences.
</summary>

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== Status of the Legislation ==

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Latest Major Action: 7/17/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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== Points in Favor ==

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== Points Against ==

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