H.R. 4061 — To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.

Summary

Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.

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Related Legislation

S. 2505A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.
2007-12-18Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
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Legislative Actions

2007-11-01
Introduced in House
2007-11-01
Introduced in House
2007-11-01
Referred to the House Committee on Ways and Means.
2007-11-07
Sponsor introductory remarks on measure. (CR E2341)

To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.

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