118 STAT. 538 PUBLIC LAW 108–203—MAR. 2, 2004 (e) TRANSFERS.—Section 15A(d)(2) of the Railroad Retirement Act of 1974 (45 U.S.C. 231n–1(d)(2)) is amended— (1) by inserting ‘‘or the Railroad Retirement Account’’ after ‘‘National Railroad Retirement Investment Trust’’ the second place it appears; (2) by inserting ‘‘or the Railroad Retirement Board’’ after ‘‘National Railroad Retirement Investment Trust’’ the third place it appears; (3) by inserting ‘‘(either directly or through a commingled account consisting only of such obligations)’’ after ‘‘United States’’ the first place it appears; and (4) in the third sentence, by inserting before the period at the end the following: ‘‘or to purchase such additional obliga tions’’. (f) CLERICAL AMENDMENTS.—Section 15(j)(5) of the Railroad Retirement Act of 1974 (45 U.S.C. 231n(j)(5)) is amended— (1) in subparagraph (B), by striking ‘‘trustee’s’’ each place it appears and inserting ‘‘Trustee’s’’; (2) in subparagraph (C), by striking ‘‘trustee’’ and ‘‘trustees’’ each place it appears and inserting ‘‘Trustee’’ and ‘‘Trustees’’, respectively; and (3) in the matter preceding clause (i) of subparagraph (D), by striking ‘‘trustee’’ and inserting ‘‘Trustee’’. Subtitle D—Amendments Related to Title XVI SEC. 430. EXCLUSION FROM INCOME FOR CERTAIN INFREQUENT OR IRREGULAR INCOME AND CERTAIN INTEREST OR DIVI DEND INCOME. (a) INFREQUENT OR IRREGULAR INCOME.—Section 1612(b)(3) of the Social Security Act (42 U.S.C. 1382a(b)(3)) is amended to read as follows— ‘‘(3) in any calendar quarter, the first— ‘‘(A) $60 of unearned income, and ‘‘(B) $30 of earned income, of such individual (and such spouse, if any) which, as deter mined in accordance with criteria prescribed by the Commis sioner of Social Security, is received too infrequently or irregu larly to be included;’’. (b) INTEREST OR DIVIDEND INCOME.—Section 1612(b) of the Social Security Act (42 U.S.C. 1382a(b)) is amended— (1) in paragraph (21), by striking ‘‘and’’ at the end; (2) in paragraph (22), by striking the period and inserting ‘‘; and’’; and (3) by adding at the end the following: ‘‘(23) interest or dividend income from resources— ‘‘(A) not excluded under section 1613(a), or ‘‘(B) excluded pursuant to Federal law other than sec tion 1613(a).’’. (c) EFFECTIVE DATE.—The amendments made by this section shall be effective with respect to benefits payable for months in calendar quarters that begin more than 90 days after the date of the enactment of this Act. 42 USC 1382a note.
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