In CommitteeFiled Aug 3, 2026
Sponsor: Rep. Tenney, Claudia [R-NY-24] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Aug 3, 2026
Summary
The legislation proposes an amendment to the Internal Revenue Code of 1986 that would carve out an exemption for individual account plans from specific prohibited transaction rules. This change would affect owners and participants of those plans by allowing them to engage in transactions that are currently restricted. The goal is to give these plans more flexibility under existing tax regulations.
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