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Just happened to find this post on the Tax Strategies Board. Here is the post address and text:

Interesting article on the House committee that approved raising IRA limits to $5000/year.

Full text:
The House Ways and Means Committee approved a bill overhauling U.S. retirement savings laws that boosts the maximum yearly contribution to Individual Retirement Accounts from $2,000 to $5,000. The measure, a top priority of House Speaker Dennis Hastert, has bipartisan support and is likely to pass the full House by Wednesday. Still, its prospects for enactment this year are clouded because there's no companion Senate measure yet, and the Clinton administration has objected to some of its provisions.
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