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HR 615 105th Congress House

To amend the Internal Revenue Code of 1986 to allow expanded penalty-free withdrawals from certain retirement plans during periods of unemployment.

Introduced: February 5, 1997 See on congress.gov
Taxation AnnuitiesIncome taxIndividual retirement accountsLabor and Employment
More subjectsShow fewer subjects
Pension fundsPersonal income taxTax exclusionTax penaltiesTax-deferred compensation plansUnemployedUnemployment insurance
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 1997
Referred to the House Committee on Ways and Means.
Feb 5, 1997
Sponsor introductory remarks on measure. (CR E173-174)
Feb 5, 1997
Introduced in House
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 Latest action February 5, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exempt from the additional tax on early distribution from retirement plans distributions to individuals during periods of unemployment.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Smith, Adam
Washington · Feb 27, 1997
 D
Lofgren, Zoe
California · Feb 5, 1997
 D
Norton, Eleanor Holmes
District of Columbia · Feb 5, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 615: To amend the Internal Revenue Code of 1986 to allow expanded penalty-free withdrawals from certain retirement plans during periods of unemployment.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-615/
MLA
"H.R. 615: To amend the Internal Revenue Code of 1986 to allow expanded penalty-free withdrawals from certain retirement plans during periods of unemployment.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-615/.
Bluebook (legal)
H.R. 615, 105th Cong. (2026), https://openamerica.io/bill/105-HR-615/.
Markdown link
[H.R. 615: To amend the Internal Revenue Code of 1986 to allow expanded penalty-free withdrawals from certain retirement plans during periods of unemployment.](https://openamerica.io/bill/105-HR-615/)
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