‘‘(A) IN GENERAL.—For purposes of this 
subsection, the aggregate amount of distribu-
tions received by an individual which may be 
treated as qualified hurricane distributions for 
any taxable year shall not exceed the excess (if 
any) of—
‘‘(i) $100,000, over 
‘‘(ii) the aggregate amounts treated as 
qualified hurricane distributions received 
by such individual for all prior taxable 
years. 
‘‘(B) TREATMENT
OF
PLAN
DISTRIBU-
TIONS.—If a distribution to an individual would 
(without regard to subparagraph (A)) be a 
qualified hurricane distribution, a plan shall not 
be treated as violating any requirement of this 
title merely because the plan treats such dis-
tribution as a qualified hurricane distribution, 
unless the aggregate amount of such distribu-
tions from all plans maintained by the employer 
(and any member of any controlled group which 
includes the employer) to such individual ex-
ceeds $100,000. 
‘‘(C) CONTROLLED GROUP.—For purposes 
of subparagraph (B), the term ‘controlled
group’ means any group treated as a single em-
ployer under subsection (b), (c), (m), or (o) of 
section 414. 
‘‘(3) AMOUNT DISTRIBUTED MAY BE REPAID.—
‘‘(A) IN
GENERAL.—Any individual who 
receives a qualified hurricane distribution may, 
at any time during the 3-year period beginning 
on the day after the date on which such dis-
tribution was received, make one or more con-
tributions in an aggregate amount not to exceed 
the amount of such distribution to an eligible 
retirement plan of which such individual is a 
beneficiary and to which a rollover contribution 
of such distribution could be made under sec-
tion 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 
457(e)(16), as the case may be. 
‘‘(B) TREATMENT
OF
REPAYMENTS
OF 
DISTRIBUTIONS
FROM
ELIGIBLE
RETIREMENT 
PLANS
OTHER
THAN
IRAS.—For purposes of 
this title, if a contribution is made pursuant to 
subparagraph (A) with respect to a qualified 
hurricane distribution from an eligible retire-
ment plan other than an individual retirement 
plan, then the taxpayer shall, to the extent of 
the amount of the contribution, be treated as
having received the qualified hurricane distribu-
tion in an eligible rollover distribution (as de-
fined in section 402(c)(4)) and as having trans-
ferred the amount to the eligible retirement 
plan in a direct trustee to trustee transfer with-
in 60 days of the distribution. 
‘‘(C) TREATMENT
OF
REPAYMENTS
FOR 
DISTRIBUTIONS FROM IRAS.—For purposes of 
this title, if a contribution is made pursuant to 
subparagraph (A) with respect to a qualified 
hurricane distribution from an individual retire-
ment plan (as defined by section 7701(a)(37)), 
then, to the extent of the amount of the con-
tribution, the qualified hurricane distribution 
shall be treated as a distribution described in 
section 408(d)(3) and as having been trans-
ferred to the eligible retirement plan in a direct 
trustee to trustee transfer within 60 days of the 
distribution. 
‘‘(4) DEFINITIONS.—For purposes of this sub-
section—
‘‘(A) QUALIFIED
HURRICANE
DISTRIBU-
TION.—Except as provided in paragraph (2), 
the term ‘qualified hurricane distribution’ 
means—
‘‘(i) any distribution from an eligible 
retirement plan made on or after August 
25, 2005, and before January 1, 2007, to 
an individual whose principal place of 
abode on August 28, 2005, is located in 
the Hurricane Katrina disaster area and 
who has sustained an economic loss by rea-
son of Hurricane Katrina, 
‘‘(ii) any distribution (which is not de-
scribed in clause (i)) from an eligible re-
tirement plan made on or after September 
23, 2005, and before January 1, 2007, to 
an individual whose principal place of 
abode on September 23, 2005, is located in 
the Hurricane Rita disaster area and who 
has sustained an economic loss by reason 
of Hurricane Rita, and 
‘‘(iii) any distribution (which is not 
described in clause (i) or (ii)) from an eli-
gible retirement plan made on or after Oc-
tober 23, 2005, and before January 1, 
2007, to an individual whose principal 
place of abode on October 23, 2005, is lo-
cated in the Hurricane Wilma disaster
area and who has sustained an economic 
loss by reason of Hurricane Wilma. 
‘‘(B) ELIGIBLE RETIREMENT PLAN.—The 
term ‘eligible retirement plan’ shall have the 
meaning 
given 
such 
term 
by 
section 
402(c)(8)(B). 
‘‘(5) INCOME INCLUSION SPREAD OVER 3-YEAR 
PERIOD.—
‘‘(A) IN
GENERAL.—In the case of any 
qualified hurricane distribution, unless the tax-
payer elects not to have this paragraph apply 
for any taxable year, any amount required to be 
included in gross income for such taxable year 
shall be so included ratably over the 3-taxable 
year period beginning with such taxable year. 
‘‘(B) SPECIAL
RULE.—For purposes of 
subparagraph (A), rules similar to the rules of 
subparagraph (E) of section 408A(d)(3) shall 
apply. 
‘‘(6) SPECIAL RULES.—
‘‘(A) EXEMPTION OF DISTRIBUTIONS FROM 
TRUSTEE TO TRUSTEE TRANSFER AND WITH-
HOLDING
RULES.—For purposes of sections 
401(a)(31), 402(f), and 3405, qualified hurri-
cane distributions shall not be treated as eligi-
ble rollover distributions. 
‘‘(B) QUALIFIED
HURRICANE
DISTRIBU-
TIONS TREATED AS MEETING PLAN DISTRIBU-
TION REQUIREMENTS.—For purposes this title, 
a qualified hurricane distribution shall be treat-
ed as meeting the requirements of sections 
401(k)(2)(B)(i), 403(b)(7)(A)(ii), 403(b)(11), 
and 457(d)(1)(A). 
‘‘(b) RECONTRIBUTIONS
OF
WITHDRAWALS
FOR 
HOME PURCHASES.—
‘‘(1) RECONTRIBUTIONS.—
‘‘(A) IN
GENERAL.—Any individual who 
received a qualified distribution may, during the 
applicable period, make one or more contribu-
tions in an aggregate amount not to exceed the 
amount of such qualified distribution to an eli-
gible retirement plan (as defined in section 
402(c)(8)(B)) of which such individual is a ben-
eficiary and to which a rollover contribution of 
such distribution could be made under section 
402(c), 403(a)(4), 403(b)(8), or 408(d)(3), as 
the case may be. 
‘‘(B) TREATMENT
OF
REPAYMENTS.—
Rules similar to the rules of subparagraphs (B)
and (C) of subsection (a)(3) shall apply for pur-
poses of this subsection. 
‘‘(2) QUALIFIED DISTRIBUTION.—For purposes 
of this subsection—
‘‘(A) IN
GENERAL.—The term ‘qualified 
distribution’ means any qualified Katrina dis-
tribution, any qualified Rita distribution, and 
any qualified Wilma distribution. 
‘‘(B) 
QUALIFIED
KATRINA
DISTRIBU-
TION.—The term ‘qualified Katrina distribu-
tion’ means any distribution—
‘‘(i) 
described 
in 
section 
401(k)(2)(B)(i)(IV), 403(b)(7)(A)(ii) (but 
only to the extent such distribution relates 
to financial hardship), 403(b)(11)(B), or 
72(t)(2)(F), 
‘‘(ii) received after February 28, 
2005, and before August 29, 2005, and 
‘‘(iii) which was to be used to pur-
chase or construct a principal residence in 
the Hurricane Katrina disaster area, but 
which was not so purchased or constructed 
on account of Hurricane Katrina. 
‘‘(C) QUALIFIED
RITA
DISTRIBUTION.—
The term ‘qualified Rita distribution’ means
any distribution (other than a qualified Katrina 
distribution)—
‘‘(i) 
described 
in 
section 
401(k)(2)(B)(i)(IV), 403(b)(7)(A)(ii) (but 
only to the extent such distribution relates 
to financial hardship), 403(b)(11)(B), or 
72(t)(2)(F), 
‘‘(ii) received after February 28, 
2005, and before September 24, 2005, and 
‘‘(iii) which was to be used to pur-
chase or construct a principal residence in 
the Hurricane Rita disaster area, but 
which was not so purchased or constructed 
on account of Hurricane Rita. 
‘‘(D) QUALIFIED WILMA DISTRIBUTION.—
The term ‘qualified Wilma distribution’ means 
any distribution (other than a qualified Katrina 
distribution or a qualified Rita distribution)—
‘‘(i) 
described 
in 
section 
401(k)(2)(B)(i)(IV), 403(b)(7)(A)(ii) (but 
only to the extent such distribution relates 
to financial hardship), 403(b)(11)(B), or 
72(t)(2)(F), 
‘‘(ii) received after February 28, 
2005, and before October 24, 2005, and
‘‘(iii) which was to be used to pur-
chase or construct a principal residence in 
the Hurricane Wilma disaster area, but 
which was not so purchased or constructed 
on account of Hurricane Wilma. 
‘‘(3) APPLICABLE
PERIOD.—For purposes of 
this subsection, the term ‘applicable period’ means—
‘‘(A) with respect to any qualified Katrina 
distribution, the period beginning on August 
25, 2005, and ending on February 28, 2006, 
‘‘(B) with respect to any qualified Rita dis-
tribution, the period beginning on September 
23, 2005, and ending on February 28, 2006, 
and 
‘‘(C) with respect to any qualified Wilma 
distribution, the period beginning on October 
23, 2005, and ending on February 28, 2006. 
‘‘(c) LOANS FROM QUALIFIED PLANS.—
‘‘(1) INCREASE IN LIMIT ON LOANS NOT TREAT-
ED
AS
DISTRIBUTIONS.—In the case of any loan 
from a qualified employer plan (as defined under 
section 72(p)(4)) to a qualified individual made dur-
ing the applicable period—
‘‘(A) clause (i) of section 72(p)(2)(A) shall 
be applied by substituting ‘$100,000’ for 
‘$50,000’, and 
‘‘(B) clause (ii) of such section shall be ap-
plied by substituting ‘the present value of the 
nonforfeitable accrued benefit of the employee 
under the plan’ for ‘one-half of the present 
value of the nonforfeitable accrued benefit of 
the employee under the plan’. 
‘‘(2) DELAY OF REPAYMENT.—In the case of a 
qualified individual with an outstanding loan on or 
after the qualified beginning date from a qualified 
employer plan (as defined in section 72(p)(4))—
‘‘(A) if the due date pursuant to subpara-
graph (B) or (C) of section 72(p)(2) for any re-
payment with respect to such loan occurs dur-
ing the period beginning on the qualified begin-
ning date and ending on December 31, 2006, 
such due date shall be delayed for 1 year, 
‘‘(B) any subsequent repayments with re-
spect to any such loan shall be appropriately 
adjusted to reflect the delay in the due date 
under paragraph (1) and any interest accruing 
during such delay, and
‘‘(C) in determining the 5-year period and 
the term of a loan under subparagraph (B) or 
(C) of section 72(p)(2), the period described in 
subparagraph (A) shall be disregarded. 
‘‘(3) QUALIFIED INDIVIDUAL.—For purposes of 
this subsection—
‘‘(A) IN
GENERAL.—The term ‘qualified 
individual’ means any qualified Hurricane 
Katrina individual, any qualified Hurricane 
Rita individual, and any qualified Hurricane 
Wilma individual. 
‘‘(B) QUALIFIED HURRICANE KATRINA IN-
DIVIDUAL.—The 
term 
‘qualified 
Hurricane 
Katrina individual’ means an individual whose 
principal place of abode on August 28, 2005, is 
located in the Hurricane Katrina disaster area 
and who has sustained an economic loss by rea-
son of Hurricane Katrina. 
‘‘(C) QUALIFIED
HURRICANE
RITA
INDI-
VIDUAL.—The term ‘qualified Hurricane Rita 
individual’ means an individual (other than a 
qualified Hurricane Katrina individual) whose 
principal place of abode on September 23, 
2005, is located in the Hurricane Rita disaster
area and who has sustained an economic loss by 
reason of Hurricane Rita. 
‘‘(D) QUALIFIED HURRICANE WILMA INDI-
VIDUAL.—The term ‘qualified Hurricane Wilma 
individual’ means an individual (other than a 
qualified Hurricane Katrina individual or a 
qualified Hurricane Rita individual) whose prin-
cipal place of abode on October 23, 2005, is lo-
cated in the Hurricane Wilma disaster area and 
who has sustained an economic loss by reason 
of Hurricane Wilma. 
‘‘(4) APPLICABLE PERIOD; QUALIFIED BEGIN-
NING DATE.—For purposes of this subsection—
‘‘(A) HURRICANE KATRINA.—In the case 
of any qualified Hurricane Katrina individual—
‘‘(i) the applicable period is the period 
beginning on September 24, 2005, and 
ending on December 31, 2006, and 
‘‘(ii) the qualified beginning date is 
August 25, 2005. 
‘‘(B) HURRICANE
RITA.—In the case of 
any qualified Hurricane Rita individual—
‘‘(i) the applicable period is the period 
beginning on the date of the enactment of
this subsection and ending on December 
31, 2006, and 
‘‘(ii) the qualified beginning date is 
September 23, 2005. 
‘‘(C) HURRICANE WILMA.—In the case of 
any qualified Hurricane Wilma individual—
‘‘(i) the applicable period is the period 
beginning on the date of the enactment of 
this subparagraph and ending on Decem-
ber 31, 2006, and 
‘‘(ii) the qualified beginning date is 
October 23, 2005. 
‘‘(d) PROVISIONS
RELATING
TO
PLAN
AMEND-
MENTS.—
‘‘(1) IN GENERAL.—If this subsection applies to 
any amendment to any plan or annuity contract, 
such plan or contract shall be treated as being oper-
ated in accordance with the terms of the plan during 
the period described in paragraph (2)(B)(i). 
‘‘(2) AMENDMENTS TO WHICH SUBSECTION AP-
PLIES.—
‘‘(A) IN GENERAL.—This subsection shall 
apply to any amendment to any plan or annuity 
contract which is made—
‘‘(i) pursuant to any provision of this 
section, or pursuant to any regulation 
issued by the Secretary or the Secretary of 
Labor under any provision of this section, 
and 
‘‘(ii) on or before the last day of the 
first plan year beginning on or after Janu-
ary 1, 2007, or such later date as the Sec-
retary may prescribe. 
In the case of a governmental plan (as defined 
in section 414(d)), clause (ii) shall be applied 
by substituting the date which is 2 years after 
the date otherwise applied under clause (ii). 
‘‘(B) CONDITIONS.—This subsection shall 
not apply to any amendment unless—
‘‘(i) during the period—
‘‘(I) beginning on the date that 
this section or the regulation de-
scribed in subparagraph (A)(i) takes 
effect (or in the case of a plan or con-
tract amendment not required by this 
section or such regulation, the effec-
tive date specified by the plan), and 
‘‘(II) ending on the date de-
scribed in subparagraph (A)(ii) (or, if