HR 3768 RDS 
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
HR 3768 RDS 
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
HR 3768 RDS 
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-
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fied employer plan (as defined in section 72(p)(4) of the 
Internal Revenue Code of 1986)— 
(1) if the due date pursuant to subparagraph 
(B) or (C) of section 72(p)(2) of such Code for any 
repayment with respect to such loan occurs during 
the period beginning after August 29, 2005, and 
ending before August 30, 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 
section 72(p)(2) of such Code, such period shall be 
disregarded. 
SEC. 205. PROVISIONS RELATING TO PLAN AMENDMENTS. 
(a) IN GENERAL.—If this section applies to any plan 
or contract amendment— 
(1) 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), and 
(2) except as provided by the Secretary of the 
Treasury, such plan shall not fail to meet the re-