President signs bill to rename spousal IRAs after former Sen. Hutchison

President Obama on July 25, 2012 signed into law a measure that renames a provision in the tax code that allows nonworking spouses to make equal contributions to their IRAs after its sponsor (P.L. 113-22). Lawmakers passed the bill to rename Code Sec. 219(c) as the “Kay Bailey Hutchison Spousal IRA” in honor of the former U.S. senator from Texas.

Source: P.L. 113-22.

For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer’s Benefits Reports.

Visit our News Library to read more news stories.