SENATE 1870117th CongressRead twice and referred to the Committee on Finance.
Enhancing Emergency and Retirement Savings Act of 2021
- Last Action
- 5/27/2021
Actions
- 2021-05-27Read twice and referred to the Committee on Finance.
- 2021-05-27Introduced in Senate
CRS Summary
As of 2021-05-27 (00)
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.
Cosponsors (1)
- Michael Bennet (D-CO)
Subjects
- Employee benefits and pensions
- Income tax deferral
- Income tax exclusion
- Sales and excise taxes
Sourced from Congress.gov (public domain).
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