S. 157 would amend the Internal Revenue Code of 1986 to expand the temporary waiver of required minimum distribution rules for certain retirement plans and accounts.
Detailed Summary
Retirement Account Distribution Improvement Act of 2009 - Amends the Internal Revenue Code to suspend in 2008, 2009, and 2010 requirements for minimum distributions from tax-deferred retirement plans. Permits taxpayers who have already received a minimum distribution in 2008 or before July 1, 2009, to recontribute such distribution to their retirement plans by July 1, 2009.
Status of the Legislation
Latest Major Action: 1/6/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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