To amend the Internal Revenue Code of 1986 to permit individuals who withdrew certain amounts from individual retirement accounts to recontribute such amounts.

Amends the Internal Revenue Code to allow an individual to recontribute a distribution from an individual retirement plan if: (1) such distribution is received during the four-year period beginning on the date two years before the date of the enactment of this Act; and (2) the ten-percent penalty tax on early distributions was imposed.