I 
114TH CONGRESS 
2D SESSION 
H. R. 4357 
To amend the Internal Revenue Code of 1986 to extend the waiver of 
required minimum distribution rules for certain retirement plans and 
accounts for 2016. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 8, 2016 
Mr. SENSENBRENNER introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
the waiver of required minimum distribution rules for 
certain retirement plans and accounts for 2016. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Volatility And Losses 
Undermining Earnings Act of 2016’’. 
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SEC. 2. EXTENSION OF WAIVER OF REQUIRED MINIMUM 
DISTRIBUTION RULES FOR CERTAIN RETIRE-
MENT PLANS AND ACCOUNTS. 
(a) IN GENERAL.—Section 401(a)(9) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following: 
‘‘(H) TEMPORARY
WAIVER
OF
MINIMUM 
REQUIRED DISTRIBUTION.— 
‘‘(i) IN GENERAL.—The requirements 
of this paragraph shall not apply for cal-
endar year 2016 to— 
‘‘(I) a defined contribution plan 
which is described in this subsection 
or in section 403(a) or 403(b), 
‘‘(II) a defined contribution plan 
which is an eligible deferred com-
pensation plan described in section 
457(b) but only if such plan is main-
tained by an employer described in 
section 457(e)(1)(A), or 
‘‘(III) an individual retirement 
plan. 
‘‘(ii) 
SPECIAL
RULES
REGARDING 
WAIVER
PERIOD.—For purposes of this 
paragraph— 
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‘‘(I) the required beginning date 
with respect to any individual shall be 
determined without regard to this 
subparagraph for purposes of applying 
this paragraph for calendar years 
after 2015, and 
‘‘(II) if clause (ii) of subpara-
graph (B) applies, the 5-year period 
described in such clause shall be de-
termined without regard to calendar 
year 2016.’’. 
(b) CONFORMING AMENDMENTS.—The last sentence 
of section 402(c)(4) of such Code is amended— 
(1) by striking ‘‘distribution during 2009’’ and 
inserting ‘‘distribution during calendar year 2009 or 
2016’’, and 
(2) by striking ‘‘applied during 2009’’ and in-
serting ‘‘applied during such calendar year’’. 
(c) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
this section shall apply for calendar years beginning 
after December 31, 2015. 
(2) PROVISIONS RELATING TO PLAN OR CON-
TRACT AMENDMENTS.— 
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(A) IN GENERAL.—If this paragraph ap-
plies to any pension plan or contract amend-
ment, such pension plan or contract shall not 
fail to be treated as being operated in accord-
ance with the terms of the plan during the pe-
riod described in subparagraph (B)(ii) solely be-
cause the plan operates in accordance with this 
section. 
(B) AMENDMENTS TO WHICH PARAGRAPH 
APPLIES.— 
(i) IN
GENERAL.—This paragraph 
shall apply to any amendment to any pen-
sion plan or annuity contract which— 
(I) is made pursuant to the 
amendments made by this section, 
and 
(II) is made on or before the last 
day of the first plan year beginning 
on or after January 1, 2018. 
In the case of a governmental plan, sub-
clause (II) shall be applied by substituting 
‘‘2019’’ for ‘‘2018’’. 
(ii) 
CONDITIONS.—This 
paragraph 
shall not apply to any amendment unless 
during the period beginning on the effec-
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tive date of the amendment and ending on 
December 31, 2016, the plan or contract is 
operated as if such plan or contract 
amendment were in effect. 
Æ 
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