Secure Annuity Income for Life Act of 2003

Sponsor introductory remarks on measure. (CR E1246-1247)

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jun 12, 2003

Secure Annuity Income for Life Act of 2003 - Amends the Internal Revenue Code to exclude from gross income a percentage of lifetime annuity payments from a qualified trust to a qualified distributee. Provides for recapture and taxation of payments that are modified (other than by death or disability) so as to not qualify as lifetime annuity payments.

Applies such exclusion to: (1) section 403(a) plans (employee annuities); (2) section 403(b) plans (public schools and certain tax exempt organizations); (3) section 408 plans (individual retirement accounts); and (4) section 457 plans (deferred compensation plans for State and local governments and tax-exempt organizations).

Defines: (1) "lifetime annuity payment"; and (2) "qualified distributee."

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People & committees

Who introduced it

Rep. Pomeroy, Earl [D-ND-At Large] · D–ND

Committees

Ways and Means Committee

6 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jun 13, 2003
Sponsor introductory remarks on measure. (CR E1246-1247)
Jun 12, 2003
Referred to the House Committee on Ways and Means.
Jun 12, 2003
Introduced in House
Jun 12, 2003
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jun 12, 2003 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.2458 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.2458, 108th Congress: Secure Annuity Income for Life Act of 2003

Official record: https://www.congress.gov/bill/108th-congress/house-bill/2458

Text version to examine: Introduced in House · 2003-06-12.

Official full text: https://www.congress.gov/108/bills/hr2458/BILLS-108hr2458ih.htm

Imported record last updated by the source: 2025-08-18T19:04:24Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.2458 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.2458 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.2458, 108th Congress: Secure Annuity Income for Life Act of 2003

Official record: https://www.congress.gov/bill/108th-congress/house-bill/2458

Text version to examine: Introduced in House · 2003-06-12.

Official full text: https://www.congress.gov/108/bills/hr2458/BILLS-108hr2458ih.htm

Imported record last updated by the source: 2025-08-18T19:04:24Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2458 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.2458 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.2458, 108th Congress: Secure Annuity Income for Life Act of 2003

Official record: https://www.congress.gov/bill/108th-congress/house-bill/2458

Text version to examine: Introduced in House · 2003-06-12.

Official full text: https://www.congress.gov/108/bills/hr2458/BILLS-108hr2458ih.htm

Imported record last updated by the source: 2025-08-18T19:04:24Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2458 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.2458 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.2458, 108th Congress: Secure Annuity Income for Life Act of 2003

Official record: https://www.congress.gov/bill/108th-congress/house-bill/2458

Text version to examine: Introduced in House · 2003-06-12.

Official full text: https://www.congress.gov/108/bills/hr2458/BILLS-108hr2458ih.htm

Imported record last updated by the source: 2025-08-18T19:04:24Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2458 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.