H.R. 7146
Referred to CommitteeEnhancing Emergency and Retirement Savings Act of 2022
Introduced 3/17/2022•117th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
3/17/2022 • House
Summary
Enhancing Emergency and Retirement Savings Act of 2022
This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.
Introduced in House • 3/17/2022
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Topics & Subjects
Policy Area: Taxation
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Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
1
Democrats
1
Republicans
0
Independents
Sponsor
R[
Cosponsors (1)
R[
Bill Journey
Originated in the House
Introduced
March 17, 2022
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House3/17/2022