115 STAT. 196 PUBLIC LAW 107-22^JULY 26, 2001 Public Law 107-22 107th Congress An Act July 26, 2001 To amend the Internal Revenue Code of 1986 to rename the education individual [S. 1190] retirement accounts as the CoverdeU education savings accounts. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. RENAMING EDUCATION INDIVIDUAL RETIREMENT ACCOUNTS AS COVERDELL EDUCATION SAVINGS ACCOUNTS. (a) IN GENERAL. — 26 USC 530. (1) Section 530 of the Internal Revenue Code of 1986 is amended by striking "an education individual retirement account" each place it appears and inserting "a CoverdeU education savings account". (2) Section 530(a) of such Code is amended— (A) by striking "An education individual retirement account" and inserting "A CoverdeU education savings account", and (B) by striking "the education individual retirement account" and inserting "the CoverdeU education savings account". (3) Section 530(b)(1) of such Code is amended— (A) by striking "education individual retirement account" in the text and inserting "CoverdeU education savings account", and (B) by striking "EDUCATION INDIVIDUAL RETIREMENT ACCOUNT" in the heading and inserting "COVERDELL EDU- CATION SAVINGS ACCOUNT". (4) Sections 530(d)(5) and 530(e) of such Code are amended by striking "education individual retirement account" each place it appears and inserting "Coverdell education savings account". (5) The heading for section 530 of such Code is amended to read as follows: "SEC. 530. COVERDELL EDUCATION SAVINGS ACCOUNTS. ". (6) The item in the table of contents for part VII of subchapter F of chapter 1 of such Code relating to section 530 is amended to read as follows: "Sec. 530. Coverdell education savings accounts.". (b) CONFORMING AMENDMENTS.— (1) The following provisions of the Internal Revenue Code of 1986 are amended by striking "an education individual retirement" each place it appears and inserting "a Coverdell education savings": 26 USC 72. (A) Section 72(e)(9).
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