To amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Labor, Transportation.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H13338BB71CC1454EAC87640A41A52D56: 1. Short title This Act may be cited as the Retirement Simplification and Clarity Act.
- Section H08AE966A1F234BD9BADDEFD50E19CCE0: 2. In-service rollovers for annuity purchases Section 401(k) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Labor, Transportation
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Legislative Progress
IntroducedMr. Panetta (for himself and Mr. LaHood) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
- "the_administrator"
- → The Administrator identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology