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S. 1889

Referred to Committee

Kathryn Manginelli 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

Kathryn Manginelli Act of 2021 or the Compassionate Retirement Act of 2021

This bill allows premature distributions, without penalty, from tax-exempt retirement plans that are made to an individual who is certified by a physician as terminally ill. It also modifies the definition of terminally ill individual to increase from 24 to 84 the number of months after certification that an individual's illness can reasonably be expected to result in death.

Introduced in Senate • 5/27/2021

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Topics & Subjects

Policy Area: Taxation
Employee benefits and pensionsIncome tax deferralIncome tax exclusionLong-term, rehabilitative, and terminal care

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (3)

Party Breakdown

2
Democrats
1
Republicans
0
Independents

Sponsor

S[
Sen. Burr, Richard [R-NC]

Republican • NC

Sponsored 5/27/2021

Cosponsors (2)

S[
Sen. Bennet, Michael F. [D-CO]

D-CO

Joined 5/27/2021

S[
Sen. Van Hollen, Chris [D-MD]

D-MD

Joined 12/13/2021

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

Details

Bill TypeS
Current StatusReferred to Committee
Cosponsors2