‘‘(ii) in order to secure employment. 
‘‘(C) 
QUALIFYING
LIFE
EVENT
DE-
FINED.—For 
purposes 
of 
subparagraph 
(B)(i)(III), the term ‘qualifying life event’— 
‘‘(i) means an event determined by 
the Secretary to be similar to an event that 
would permit the individual to make an 
election change with respect to a cafeteria 
plan under section 125 of the Internal 
Revenue Code of 1986; and 
‘‘(ii) includes— 
‘‘(I) a change in the legal marital 
status of the individual; 
‘‘(II) a change in the number of 
dependents of the individual (as such 
term is used in section 404(8)(E)(ii)); 
‘‘(III) the birth or death of a 
child of the individual; 
‘‘(IV) the adoption or placement 
for adoption of a child by the indi-
vidual; 
‘‘(V) a change in the provider of 
daycare for a child of the individual, 
or a significant increase in the cost of 
such daycare; and 
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‘‘(VI) a change in employment 
status of the individual, the individ-
ual’s spouse, or a dependent of the in-
dividual (as such term is used in sec-
tion 404(8)(E)(ii)). 
‘‘(3) RELOCATION TO COMMUNITY WHERE NO 
PROJECT IS AVAILABLE.— 
‘‘(A) IN
GENERAL.—An individual de-
scribed in subparagraph (B) shall be permitted 
to withdraw funds from the individual develop-
ment account of the individual during the 1- 
year period following the date such individual 
moves to another community in the same man-
ner that an individual is permitted under sec-
tion 410(d)(2) to withdraw funds during the 1- 
year period following the end of a demonstra-
tion project. 
‘‘(B) INDIVIDUAL
DESCRIBED.—An indi-
vidual described in this subparagraph is an in-
dividual who— 
‘‘(i) moves to a community where no 
demonstration project under this title is 
being conducted; or 
‘‘(ii) after moving to another commu-
nity and making such efforts as the Sec-
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retary may require to transfer to another 
demonstration project under this title, is, 
for any reason other than a violation of the 
requirements of this title or regulations 
promulgated by the Secretary under this 
title, not accepted into another demonstra-
tion project under this title. 
‘‘(C) FUNDS
REMAINING
IN
IDA.—Any 
funds remaining in an individual development 
account after the end of the 1-year period de-
scribed in subparagraph (A) shall be treated in 
the same manner as funds remaining in an in-
dividual development account after the end of 
the 1-year period described in subsection 
(d)(2)(A) of section 410 are treated under sub-
section (f) of such section. 
‘‘(4) RELOCATION BY OTHER INDIVIDUALS.— 
The regulations promulgated under paragraph (1) 
shall prohibit any individual who is unable to con-
tinue participating in a demonstration project under 
this title for any reason, except for an individual de-
scribed in paragraph (2)(B) or (3)(B), from being 
eligible to participate in any other demonstration 
project conducted under this title.’’. 
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SEC. 9. DEPOSITS BY QUALIFIED ENTITIES. 
Section 410 is amended— 
(1) in subsection (a)(2), by inserting ‘‘2 times’’ 
after ‘‘an amount equal to’’; 
(2) in subsection (b), by striking ‘‘$2,000’’ and 
inserting ‘‘$5,000’’; 
(3) in subsection (c), by striking ‘‘$4,000’’ and 
inserting ‘‘$10,000’’; 
(4) in subsection (d)— 
(A) by striking ‘‘The Secretary shall’’ and 
inserting the following: 
‘‘(1) IN GENERAL.—The Secretary shall’’; 
(B) in paragraph (1), as amended by sub-
paragraph (A), by adding at the end the fol-
lowing: ‘‘The Secretary may waive the applica-
tion of the preceding sentence in the case of an 
individual who has participated in another dem-
onstration project under this title (including 
successful completion after transferring from 
one project to another project as described in 
section 408(c)(2)) or an asset-building project 
similar to the demonstration projects conducted 
under this title.’’; and 
(C) by adding at the end the following new 
paragraph: 
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‘‘(2) ACCESS
FOR
YEAR
AFTER
END
OF 
PROJECT.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
ensure that an eligible individual is able to 
withdraw funds from an individual development 
account of the individual during the 1-year pe-
riod following the end of the demonstration 
project with respect to which deposits were 
made into such account (whether such project 
ends by reason of expiration of the authority 
under section 406(a) of the qualified entity to 
conduct the demonstration project, termination 
of such authority under section 413 without 
transfer to another qualified entity, or other-
wise). 
‘‘(B) APPROVAL OF WITHDRAWALS.—Dur-
ing the period described in subparagraph (A), 
an eligible individual may only make a with-
drawal if the withdrawal is approved in writ-
ing— 
‘‘(i) by a responsible official of the 
qualified entity; or 
‘‘(ii) by the Secretary, if the Secretary 
terminated the authority of the qualified 
entity to conduct the demonstration project 
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under section 413 or the Secretary deter-
mines that the qualified entity is otherwise 
unable or unwilling to participate in the 
approval process.’’; and 
(5) by adding at the end the following new sub-
section: 
‘‘(f) UNUSED FUNDS IN IDA.—If funds remain in 
an individual development account after the end of the 1- 
year period described in subsection (d)(2)(A), such funds 
shall be disposed of as considered appropriate by the Sec-
retary or a nonprofit entity (as such term is used in sec-
tion 404(7)(A)(i)) designated by the Secretary.’’. 
SEC. 10. REGULATIONS. 
Section 411 is amended— 
(1) in the heading, by inserting ‘‘; REGULA-
TIONS’’ after ‘‘PROJECTS’’; 
(2) by striking ‘‘A qualified entity’’ and insert-
ing the following: 
‘‘(a) LOCAL
CONTROL
OVER
DEMONSTRATION 
PROJECTS.—A qualified entity’’; and 
(3) by adding at the end the following new sub-
section: 
‘‘(b) REGULATIONS.—Subject to subsection (a), not 
later than 180 days after the date of the enactment of 
the Stephanie Tubbs Jones Assets for Independence Reau-
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