In CommitteeFiled Jul 30, 2026
Sponsor: Sen. Barrasso, John [R-WY] (R)
Latest Action
Read twice and referred to the Committee on Finance. (text: CR S4390)
Jul 30, 2026
Summary
The bill would change the Internal Revenue Code to allow individual account plans to be excluded from certain prohibited transaction restrictions. It would affect owners of those plans by giving them more flexibility in how the accounts are used. The change is intended to simplify compliance and broaden permissible activities for these accounts.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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