Earlier this week the House Committee on Ways and Means released the proposed “Retirement, Savings, and Other Tax Relief Act of 2018.” This bill includes several changes to the federal tax code, including a number of changes to IRAs and pension plans. One notable update is that individuals would be allowed to contribute to traditional IRAs past the age of 70½. Another update is that individuals would be able to withdraw up to $7,500, without penalty, from retirement accounts for the birth or adoption of a child.

It also looks like the earlier RESA proposals are not included, which mandated the five year rule for certain beneficiaries of all defined contribution retirement accounts over $400K. As previously discussed in this forum, the earlier proposals would mandate distribution of the portion of all defined contribution accounts over $400K within five years of the death of an account holder or plan participant, with a few exceptions. These proposals would have created great difficulties in administration and are largely unworkable. So it seems that the difficulties have been recognized, at least for now.

See Title III (section 301 et seq) of the following:
https://docs.house.gov/billsthisweek/20181126/BILLS-115SAHR88-RCP115-85.pdf