JOIN

Effective 2017 2018 2019 2020 2021 2022 2023 2024 

I. Expanding and Preserving Retirement Savings

A. Enhancements to Section 401(k) Plans

1. Modification of automatic enrollment safe

harbor......................................................................................... pyba 12/31/16

2. Rules relating to election of safe harbor 401(k)

status.......................................................................................... pyba 12/31/16

B. Small Employer Plan Start-Up Credit........................................ tyba 12/31/16 -1 -2 -2 -2 -2 -3 -3 -3 C. Small Employer Automatic Enrollment Credit.......................... tyba 12/31/16 [1] [1] [1] [1] [1] [1] [1] [1] 

D. Certain Non-Tuition Fellowship and Stipend Payments

Treated as Compensation for IRA Purposes.............................. tyba 12/31/16 [1] [1] [1] [1] [1] [1] [1] [1] 

E. Repeal Maximum Age for Traditional IRA Contributions........ cmf tyba 12/31/16 -3 -4 -5 -5 -6 -6 -7 -7 

F. Shrinking Emergency Account Losses

1. Extended rollover period for the rollover of plan loan offset

amounts...................................................................................... loi tyba 12/31/16

2. Modification of rules governing hardship distributions............ pyba 12/31/163. Restrictions on retirement plan loans through credit cards and

similar arrangements.................................................................. pyba 12/31/16

G. Portability of Lifetime Income Options..................................... pyba 12/31/16H. Treatment of Custodial Accounts Under Section 403(b) Plan

Upon Plan Termination.............................................................. ptoa 12/31/16

Total of Expanding and Preserving Retirement Savings..................................................... -4 -6 -7 -7 -8 -9 -10 -10 

II. Administrative Improvements

A. Plan Adopted by Filing Due Date for Year May Be

Treated as in Effect as of Close of Year paf tyba 12/31/16 -10 -11 -12 -12 -13 -15 -16 -17 

B, Combined Annual Report for Group of Plans........................... ararf pyba 12/31/19C. Disclosure Regarding Lifetime Income [2]............................... [3]

Total of Administrative Improvements.................................................................................. -10 -11 -12 -12 -13 -15 -16 -17 

III. Other Benefits - The "United States Tax Court Retirement

and Administration Act" [4][5]........................................................ DOE -2 [1] [1] [1] [1] [1] [1] [1] 

ESTIMATED REVENUE EFFECTS OF THE CHAIRMAN'S MODIFICATION OF

Fiscal Years 2017 - 2026

[Millions of Dollars] 

Provision

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - No Budget Effect - - - - - - - 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - 

SCHEDULED FOR MARKUP BY THE COMMITTEE ON FINANCE ON SEPTEMBER 21, 2016

THE "RETIREMENT ENHANCEMENT AND SAVINGS ACT OF 2016,"

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - 
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Provision Effective 2017 2018 2019 2020 2021 2022 2023 2024 

IV. Additional Provisions

A. Multiple Employer yba 12/31/19 &

Plans [6]..................................................................................... pyba 12/31/19 --- -9 -18 -71 -183 -298 -430 -574 

B. Clarification of Retirement Income Account Rules................... DOEC. Fiduciary Safe Harbor for Selection of Lifetime Income

Provider [2]................................................................................ DOE

D. Nondiscrimination Flexibility with Respect to Certain generally DOE &

Plans........................................................................................... pyba 12/31/13

E. PBGC Premiums for Cooperative and Small Employer

Charity ("CSEC") Plans [2][7].................................................. pyba 12/31/15 -93 -95 -98 -102 -102 -102 -103 -102 

F. IRA Ownership of S Corporation Banks................................... tyba 12/31/15 -10 -17 -18 -19 -20 -21 -22 -22 

G. Benefits for Volunteer Firefighters and Emergency Medical

Responders (sunset 12/31/17).................................................... tyba 12/31/16 -82 -27 --- --- --- --- --- --- 

H. Treatment of Qualified Equity Grants (5-year deferral)............ [8] -114 -158 -164 -157 -129 -71 -48 -30 

Total of Additional Provisions................................................................................................ -299 -306 -298 -349 -434 -492 -603 -728 

V. Other Revenue Proposals

A. Penalty for Failure to File ......................................................... rrtbfi cya 2016 5 23 23 24 25 25 26 27 

B. Modifications to Required Minimum Distribution Rules.......... [9] [11] 20 76 149 254 463 544 578 C. Modification of Hardship Withdrawal Rules............................. pyba 12/31/16 77 148 174 164 139 105 61 6 

D. Increased Penalties for Failure to File Retirement Plan

Returns....................................................................................... [10] [11] 6 12 13 13 13 14 14 

E. Modification of User Fee Requirements for Installment

Agreements................................................................................ aeiooatdti 60da DOE 1 2 3 5 6 6 6 6 

F. Increase Information Sharing to Administer Excise Taxes....... dmo/a DOE 3 8 14 15 16 17 18 19 

G. Repeal of Partnership Technical Terminations......................... ta 12/31/16 10 17 20 21 22 23 24 25 H. Accelerate Payment of Variable Rate Premiums [2][12]........... DOE --- --- --- --- --- --- --- --- 

Total of Other Revenue Proposals.......................................................................................... 96 224 322 391 475 652 693 675 

 NET TOTAL ................................................................................................... -219 -99 5 23 20 136 64 -80 

Joint Committee on Taxation -------------------------------------- NOTE: Details may not add to totals due to rounding. The date of enactment is assumed to be October 1, 2016.Legend for "Effective" column:

aeiooatdti = agreements entered into on or after the date that is loi = loans offset in ararf = annual returns and reports for paf = plans adopted for cmf = contributions made for pyba = plan years beginning after cya = calendar years after ptoa = plan terminations occurring after dmo/a = disclosures made on or after rrtbfi = returns required to be filed in

[Footnotes for JCX-88-16 appear on the following page]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - No Budget Effect - - - - - - - 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - - - 
Page 3

Footnotes forJCX-88-16:

[1] Loss of less than $500,000.[2] Estimate provided by the Congressional Budget Office.[3] Effective with respect to benefit statements provided more than 12 months after the latest of the issuance by the Secretary of Labor (1) interim final rules, (2) the model disclo

assumptions.

[4] Estimate provided by the Joint Committee on Taxation and the Congressional Budget Office.[5] Estimate includes the following outlay 2017 2018 2019 2020 2021 2022 2023 2024 

effects [2]........................................................................................................................... 2 --- --- --- --- --- --- --- 

[6] Estimate includes the following budget effects: 2017 2018 2019 2020 2021 2022 2023 2024 

Total Revenue Effects........................................................................ --- -9 -18 -71 -183 -298 -430 -574 

On-budget effects........................................................................... --- -8 -16 -66 -170 -277 -399 -533 Off-budget effects.......................................................................... --- -1 -1 -5 -13 -22 -31 -41 

[7] Estimate includes the following 2017 2018 2019 2020 2021 2022 2023 2024 

outlay effects [2]................................................................................................................ 93 95 98 102 102 102 103 102 

[8] Generally effective with respect to stock attributable to options exercised or RSUs settled after December 31, 2016. The penalty for a failure to provide the notice required un

the proposal applies to failures after December 31, 2016.

[9] Generally effective for required minimum distributions with respect to employees (or IRA owners) with a date of death after December 31, 2016.

[10] Effective for returns, statements and notifications required to be filed, and withholding notices required to be provided, in calendar years beginning after December 31, 2016.

[11] Gain of less than $500,000.[12] Estimate includes the following 2017 2018 2019 2020 2021 2022 2023 2024 

outlay effects [2]................................................................................................................ --- --- --- --- --- --- --- ---