H.R. 3656 · 112th Congress
Retirement Savings Security Act of 2011
- Stage
- In committee
- Sponsor
- Pete Sessions
- Introduced
- 2011-12-13
- Latest action
- 2012-03-29 · Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Summary
Retirement Savings Security Act of 2011 - Amends the Internal Revenue Code to provide for a qualified participant loan protection arrangement to allow a participant or beneficiary who receives any amount as a loan from an eligible retirement plan (i.e., a qualified trust, an annuity plan, or an annuity contract) the option to obtain protection against death and disability through: (1) a group insurance policy issued to the plan for the sole purpose of providing participant and beneficiary loan death and disability insurance, or (2) a debt protection product in which debt protection is provided through appropriate commercial contractual liability insurance.