HOUSE 6772118th CongressReferred to the House Committee on Ways and Means.

Expanding Access to Retirement Savings for Caregivers Act

Last Action: 12/13/2023

Actions

2023-12-13Referred to the House Committee on Ways and Means.
2023-12-13Introduced in House
2023-12-13Introduced in House

CRS Summary

As of 2023-12-13 (00)

Expanding Access to Retirement Savings for Caregivers Act

This bill allows an individual to make annual catch-up contributions to a retirement account before reaching age 50 if the individual leaves the workforce to provide dependent care services.

Specifically, the individual must have been unemployed, and have had no earned income, as a result of providing care to (1) a dependent under the age of 13, or (2) a spouse physically or mentally incapable of self-care.

Cosponsors (4)

Chris Pappas (D-NH)
Debbie Lesko (R-AZ)
Ann Kuster (D-NH)
Joe Neguse (D-CO)

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