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HR 891 105th Congress House

To amend the Internal Revenue Code of 1986 to increase the maximum amount of contributions to individual retirement accounts and the amounts of adjusted gross income at which the IRA deduction phases…

Official title: To amend the Internal Revenue Code of 1986 to increase the maximum amount of contributions to individual retirement accounts and the amounts of adjusted gross … Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to increase the maximum amount of contributions to individual retirement accounts and the amounts of adjusted gross income at which the IRA deduction phases out for active participants in pension plans, and to allow penalty-free distributions from individual retirement accounts and 401(k) plans for certain purposes.

Introduced: February 27, 1997 See on congress.gov
Taxation AdoptionCollege costsCost of living adjustmentsCosts
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Economics and Public FinanceEducationEducational financeFamiliesFinance and Financial SectorGrandparentsHealthHealth insuranceHigher educationHome ownershipHousing and Community DevelopmentHousing financeIncomeIncome taxIndexing (Economic policy)Individual retirement accountsInsurance premiumsLabor and EmploymentMedical economicsPension fundsPersonal income taxTax deductionsTax exclusionTax penaltiesTax-deferred compensation plansUnemployedVocational and technical education
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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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 1998
Sponsor introductory remarks on measure. (CR H759)
Nov 8, 1997
Sponsor introductory remarks on measure. (CR H10351)
Feb 27, 1997
Referred to the House Committee on Ways and Means.
Feb 27, 1997
Introduced in House
Feb 25, 1997
Sponsor introductory remarks on measure. (CR H592)
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 Latest action March 4, 1998

Sponsor introductory remarks on measure. (CR H759)

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase the: (1) maximum deduction for individual retirement account contributions; and (2) income amount at which phase-out of that deduction begins.

Exempts from the early distribution penalty: (1) distributions from certain types of retirement plans for first-time home buyer, education, or adoption expenses; and (2) for unemployed individuals (currently, for unemployed individuals for health insurance premiums). Modifies requirements regarding penalties for medical care early distributions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
FROST, MARTIN
· Apr 14, 1997
 R
Smith, Christopher H.
New Jersey · Feb 27, 1997
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APA
U.S. Congress. (2026). H.R. 891: To amend the Internal Revenue Code of 1986 to increase the maximum amount of contributions to individual retirement accounts and the amounts of adjusted gross income at which the IRA deduction phases out for active participants in pension plans, and to allow penalty-free distributions from individual retirement accounts and 401(k) plans for certain purposes.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-891/
MLA
"H.R. 891: To amend the Internal Revenue Code of 1986 to increase the maximum amount of contributions to individual retirement accounts and the amounts of adjusted gross income at which the IRA deduction phases out for active participants in pension plans, and to allow penalty-free distributions from individual retirement accounts and 401(k) plans for certain purposes.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-891/.
Bluebook (legal)
H.R. 891, 105th Cong. (2026), https://openamerica.io/bill/105-HR-891/.
Markdown link
[H.R. 891: To amend the Internal Revenue Code of 1986 to increase the maximum amount of contributions to individual retirement accounts and the amounts of adjusted gross income at which the IRA deduction phases out for active participants in pension plans, and to allow penalty-free distributions from individual retirement accounts and 401(k) plans for certain purposes.](https://openamerica.io/bill/105-HR-891/)
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