S.Amdt. 225

SA 225. Ms. SNOWE (for herself and Mrs. Lincoln) submitted an
amendment intended to be proposed to amendment SA 98 proposed by Mr.
Inouye (for himself and Mr. Baucus) to the bill H.R. 1, making
supplemental appropriations for job preservation and creation,
infrastructure investment, energy efficiency and science, assistance to
the unemployed, and State and local fiscal stabilization, for fiscal
year ending September 30, 2009, and for other purposes; which was
ordered to lie on the table; as follows:

At the end of part I of subtitle A of title I of division
B, insert the following:

SEC. __. EXTENSION OF WAIVER OF REQUIRED MINIMUM DISTRIBUTION
RULES FROM CERTAIN RETIREMENT PLANS AND
ACCOUNTS.

(a) In General.--Subparagraph (H) of section 401(a)(9), as
added by the Worker, Retiree, and Employer Recovery Act of
2008, is amended--
(1) by striking ``for calendar year 2009'' in clause (i)
and inserting ``in calendar years 2009 or 2010'',
(2) by striking ``2009'' in clause (ii)(I) and inserting
``2010'', and
(3) by striking ``to calendar year 2009'' in clause
(ii)(II) and inserting ``to calendar years 2009 or 2010''.
(b) Eligible Rollover Distributions.--The last sentence of
section 402(c)(4), as added by the Worker, Retiree, and
Employer Recovery Act of 2008, is amended by inserting ``or
2010'' after ``2009''.
(c) Effective Dates.--
(1) In general.--The amendments made by this section shall
apply to calendar years beginning after December 31, 2009.
(2) Provisions relating to plan or contract amendments.--
(A) In general.--If this paragraph applies to any pension
plan or contract amendment, such pension plan or contract
shall be treated as being operated in accordance with the
terms of the plan during the period described in subparagraph
(B)(ii)(I).
(B) Amendments to which paragraph applies.--
(i) In general.--This paragraph shall apply to any
amendment to any pension plan or annuity contract which--

(I) is made by pursuant to the amendments made by this
section, and
(II) is made on or before the last day of the first plan
year beginning on or after January 1, 2011.

In the case of a governmental plan, subclause (II) shall be
applied by substituting ``2012'' for ``2011''.
(ii) Conditions.--This paragraph shall not apply to any
amendment unless during the period beginning on January 1,
2009, and ending on December 31, 2010 (or, if earlier, the
date the plan or contract amendment is adopted), the plan or
contract is operated as if such plan or contract amendment
were in effect.
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