gregate amount not to exceed the amount of such 
qualified distribution to an eligible retirement plan 
(as defined in section 402(c)(8)(B) of the Internal 
Revenue Code of 1986) of which such individual is a 
beneficiary 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) of such Code, as the 
case may be. 
(2) TREATMENT OF REPAYMENTS.—Rules simi-
lar to the rules of paragraphs (2) and (3) of section 
101(c) of this Act shall apply for purposes of this sec-
tion. 
(b) QUALIFIED DISTRIBUTION DEFINED.—For pur-
poses of this section, the term ‘‘qualified distribution’’ 
means any distribution—
(1) described in section 401(k)(2)(B)(i)(IV), 
403(b)(7)(A)(ii) (but only to the extent such distribu-
tion relates to financial hardship), 403(b)(11)(B), or 
72(t)(2)(F) of such Code, 
(2) received after February 28, 2005, and before 
August 29, 2005, and 
(3) which was to be used to purchase or construct 
a principal residence in the Hurricane Katrina dis-
aster area, but which was not so purchased or con-
structed on account of Hurricane Katrina.
SEC. 103. LOANS FROM QUALIFIED PLANS FOR RELIEF RE-
LATING TO 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 In-
ternal Revenue Code of 1986) to a qualified individual 
made after the date of enactment of this Act and before Jan-
uary 1, 2007—
(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 nonforfeitable 
accrued benefit of the employee under the plan’’ for 
‘‘one-half of the present value of the nonforfeitable ac-
crued benefit of the employee under the plan’’. 
(b) DELAY OF REPAYMENT.—In the case of a qualified 
individual with an outstanding loan on or after August 25, 
2005, from a qualified employer plan (as defined in section 
72(p)(4) of such Code)—
(1) if the due date pursuant to subparagraph (B) 
or (C) of section 72(p)(2) of such Code for any repay-
ment with respect to such loan occurs during the pe-
riod beginning on August 25, 2005, and ending on 
December 31, 2006, such due date shall be delayed for 
1 year,
(2) any subsequent repayments with respect to 
any such loan shall be appropriately adjusted to re-
flect the delay in the due date under paragraph (1) 
and any interest accruing during such delay, and 
(3) in determining the 5-year period and the 
term of a loan under subparagraph (B) or (C) of sec-
tion 72(p)(2) of such Code, the period described in 
paragraph (1) shall be disregarded. 
(c) QUALIFIED INDIVIDUAL.—For purposes of this sec-
tion, the term ‘‘qualified individual’’ means an individual 
whose principal place of abode on August 28, 2005, is lo-
cated in the Hurricane Katrina disaster area and who has 
sustained an economic loss by reason of Hurricane Katrina. 
SEC. 104. PROVISIONS RELATING TO PLAN AMENDMENTS. 
(a) IN GENERAL.—If this section applies to any 
amendment to any plan or annuity contract, such plan or 
contract shall be treated as being operated in accordance 
with the terms of the plan during the period described in 
subsection (b)(2)(A). 
(b) AMENDMENTS TO WHICH SECTION APPLIES.—
(1) IN GENERAL.—This section shall apply to 
any amendment to any plan or annuity contract 
which is made—
(A) pursuant to any amendment made by 
this title, or pursuant to any regulation issued
by the Secretary of the Treasury or the Secretary 
of Labor under this title, and 
(B) on or before the last day of the first 
plan year beginning on or after January 1, 
2007, or such later date as the Secretary of the 
Treasury may prescribe. 
In the case of a governmental plan (as defined in sec-
tion 414(d) of the Internal Revenue Code of 1986), 
subparagraph (B) shall be applied by substituting the 
date which is 2 years after the date otherwise applied 
under subparagraph (B). 
(2) CONDITIONS.—This section shall not apply to 
any amendment unless—
(A) during the period—
(i) beginning on the date the legislative 
or regulatory amendment described in para-
graph (1)(A) takes effect (or in the case of 
a plan or contract amendment not required 
by such legislative or regulatory amend-
ment, the effective date specified by the 
plan), and 
(ii) ending on the date described in 
paragraph (1)(B) (or, if earlier, the date the 
plan or contract amendment is adopted),