S.Amdt. 3020

SA 3020. Mr. ENSIGN submitted an amendment intended to be proposed to
amendment SA 2786 proposed by Mr. Reid (for himself, Mr. Baucus, Mr.
Dodd, and Mr. Harkin) to the bill H.R. 3590, to amend the Internal
Revenue Code of 1986 to modify the first-time homebuyers credit in the
case of members of the Armed Forces and certain other Federal
employees, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. __. EQUIVALENT BANKRUPTCY PROTECTIONS FOR HEALTH SAVINGS
ACCOUNTS AS RETIREMENT FUNDS.

(a) In General.--Section 522 of title 11, United States
Code, is amended by adding at the end the following new
subsection:
``(r) Treatment of Health Savings Accounts.--For purposes
of this section, any health savings account (as described in
section 223 of the Internal Revenue Code of 1986) shall be
treated in the same manner as an individual retirement
account described in section 408 of such Code.''.
(b) Effective Date.--The amendment made by this section
shall apply to cases commencing under title 11, United States
Code, after the date of the enactment of this Act.
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