S. 1870
Referred to CommitteeEnhancing Emergency and Retirement Savings Act of 2021
Introduced 5/27/2021•117th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
5/27/2021 • Senate
Summary
Enhancing Emergency and Retirement Savings Act of 2021
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 Senate • 5/27/2021
Enter your district to see how this bill affects your community
Topics & Subjects
Policy Area: Taxation
Employee benefits and pensionsIncome tax deferralIncome tax exclusionSales and excise taxes
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
1
Democrats
1
Republicans
0
Independents
Sponsor
S[
Cosponsors (1)
S[
Bill Journey
Originated in the Senate
Introduced
May 27, 2021
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate5/27/2021