REPEAL OF LIMITATION IN CASE OF DEFINED BENEFIT PLAN AND DEFINED CONTRIBUTION PLAN FOR SAME EMPLOYEE; EXCESS DISTRIBUTIONS.

SEC. 1452. REPEAL OF LIMITATION IN CASE OF DEFINED BENEFIT PLAN AND DEFINED CONTRIBUTION PLAN FOR SAME EMPLOYEE; EXCESS DISTRIBUTIONS. (a) In General.— Section 415(e) is repealed. (b) Excess Distributions.— Section 4980A is amended by adding at the end the following new subsection: “(g) Limitation on Application.— This section shall not apply to distributions during years beginning after December 31, 1996, and before January 1, 2000, and such distributions shall be treated as made first from amounts not described in subsection (f).”. (c) Conforming Amendments.— (1) Paragraph (1) of section 415(a) is amended— (A) by adding “or” at the end of subparagraph (A), (B) by striking “, or” at the end of subparagraph (B) and inserting a period, and (C) by striking subparagraph (C). (2) Subparagraph (B) of section 415(b)(5) is amended by striking “and subsection (e)”. (3) Paragraph (1) of section 415(f) is amended by striking “subsections (b), (c), and (e)” and inserting “subsections (b) and (c)”. (4) Subsection (g) of section 415 is amended by striking “subsections (e) and (f)” in the last sentence and inserting “subsection (f)”. (5) Clause (i) of section 415(k)(2)(A) is amended to read as follows: “(i) any contribution made directly by an employee under such an arrangement shall not be treated as an annual addition for purposes of subsection (c), and”. (6) Clause (ii) of section 415(k)(2)(A) is amended by striking “subsections (c) and (e)” and inserting “subsection (c)”. (7) Section 416 is amended by striking subsection (h). (d) Effective Date.— (1) In general.— Except as provided in paragraph (2), the amendments made by this section shall apply to limitation years beginning after December 31, 1999. 110 STAT. 1817 (2) Excess distributions.— The amendment made by subsection (b) shall apply to years beginning after December 31, 1996.