A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to allow a participant in a qualified employee savings plan to use the nonforfeitable benefit accrued in such plan as security for a loan from a bank or insured credit union.

Summary

Full Text

Legislative Actions

1. 1976-07-19

   Introduced in House

2. 1976-07-19

   Introduced in House

3. 1976-07-19

   Referred to House Committee on Education and Labor.

4. 1976-07-19

   Referred to House Committee on Ways and Means.

5. 1976-09-28

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1709.

6. 1976-09-28

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1709.