PLANS
OTHER
THAN
IRAS.—For purposes of 
the Internal Revenue Code of 1986, if a con-
tribution is made pursuant to paragraph (1) 
with respect to a qualified distribution from an 
eligible retirement plan (as so defined) other 
than an individual retirement plan (as defined 
in section 7701(a)(37) of such Code), then the 
taxpayer shall, to the extent of the amount of 
the contribution, be treated as having received 
the qualified distribution in an eligible rollover 
distribution (as defined in section 402(c)(4) of 
such Code) and as having transferred the 
amount to the eligible retirement plan in a di-
rect trustee to trustee transfer within 60 days 
of the distribution. 
(B) TREATMENT
OF
REPAYMENTS
FOR 
DISTRIBUTIONS FROM IRAS.—For purposes of 
the Internal Revenue Code of 1986, if a con-
tribution is made pursuant to paragraph (1) 
with respect to a qualified distribution from an 
individual retirement plan (as so defined), then, 
to the extent of the amount of the contribution, 
the qualified distribution shall be treated as a 
distribution described in section 408(d)(3) of 
such Code and as having been transferred to
the eligible retirement plan (as so defined) in a 
direct trustee to trustee transfer within 60 days 
of the distribution. 
(b) DEFINITIONS.—For purposes of this section—
(1) 
QUALIFIED
DISTRIBUTION.—The 
term 
‘‘qualified distribution’’ means any distribution—
(A) 
described 
in 
section 
401(k)(2)(B)(i)(IV), 
403(b)(7)(A)(ii), 
403(b)(11)(B), 457(d)(1)(A)(iii), or 72(t)(2)(F) 
of the Internal Revenue Code of 1986, 
(B) received after February 28, 2005, and 
before August 29, 2005, and 
(C) which was to be used to purchase or 
construct a principal residence in a Hurricane 
Katrina disaster area, but which was not so 
purchased or constructed. 
(2) DISASTER DECLARATION DATE.—The term 
‘‘disaster declaration date’’ means the date on which 
the President designated the area as a Hurricane 
Katrina disaster area. 
(3) HURRICANE
KATRINA
DISASTER
AREA.—
The term ‘‘Hurricane Katrina disaster area’’ means 
any area which is determined by the President to 
warrant individual or individual and public assist-
ance from the Federal Government under the Robert
T. Stafford Disaster Relief and Emergency Assist-
ance Act by reason of Hurricane Katrina. 
SEC. 204. LOANS FROM QUALIFIED PLANS IN CONNECTION 
WITH HURRICANE KATRINA. 
(a) INCREASE IN LIMIT ON LOANS NOT TREATED AS 
DISTRIBUTIONS.—In the case of any loan from a qualified 
employer plan (as defined under section 72(p)(4) of the 
Internal Revenue Code of 1986) to a qualified individual 
(as defined in section 202(c)) made after the date of en-
actment of this Act and before the date which is 1 year 
after the disaster declaration date (as defined in section 
203(b)(2))—
(1) clause (i) of section 72(p)(2)(A) of such 
Code shall be applied by substituting ‘‘$100,000’’ 
for ‘‘$50,000’’, and 
(2) clause (ii) of such section shall be applied 
by substituting ‘‘the present value of the nonforfeit-
able accrued benefit of the employee under the plan’’ 
for ‘‘one-half of the present value of the nonforfeit-
able accrued benefit of the employee under the 
plan’’. 
(b) DELAY OF REPAYMENT.—In the case of a quali-
fied individual (as defined in section 202(c)) with an out-
standing loan on or after August 26, 2005, from a quali-