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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1