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HR 2896 103th Congress House Taxation Income tax Individual retirement accounts Pension funds Tax exclusion Tax penalties Tax-deferred compensation plans Unemployed Unemployment insurance

To amend the Internal Revenue Code of 1986 to permit penalty-free distributions from qualified retirement plans for unemployed individuals.

Introduced: August 5, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1993
Referred to the House Committee on Ways and Means.
Aug 5, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow penalty-free withdrawals from retirement plans by individuals who are unemployed, if: (1) such individuals have received unemployment compensation for 12 consecutive weeks; and (2) distributions are made in the year during which such compensation was paid or the succeeding year.

What's happening now August 5, 1993

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 475 Identical bill A bill to amend the Internal Revenue Code of 1986 to permit penalty-free distributions from qualified retirement plans …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Nadler, Jerrold
New York · Jan 25, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2896: To amend the Internal Revenue Code of 1986 to permit penalty-free distributions from qualified retirement plans for unemployed individuals.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-2896/
MLA
"H.R. 2896: To amend the Internal Revenue Code of 1986 to permit penalty-free distributions from qualified retirement plans for unemployed individuals.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-2896/.
Bluebook (legal)
H.R. 2896, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-2896/.
Markdown link
[H.R. 2896: To amend the Internal Revenue Code of 1986 to permit penalty-free distributions from qualified retirement plans for unemployed individuals.](https://openamerica.io/bill/103-HR-2896/)
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