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S 2474 108th Congress Senate Taxation Armed Forces and National Security Armed forces reserves Income tax Individual retirement accounts Labor and Employment National Guard Pension funds Tax exclusion Tax penalties Tax-deferred compensation plans

Guardsmen and Reservists Financial Relief Act of 2004

Introduced: May 21, 2004 See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
May 21, 2004
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6093)
May 21, 2004
Sponsor introductory remarks on measure. (CR S6093)
May 21, 2004
Introduced in Senate
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 Plain-English summary Congressional Research Service

Guardsmen and Reservists Financial Relief Act of 2004 - Amends the Internal Revenue Code to exempt from the ten percent penalty on early distributions from tax-exempt retirement plans withdrawals made by military reservists or national guardsmen called to active duty for a period in excess of 179 days or for an indefinite period. Permits reimbursement of such withdrawals within two years after the end of the active duty period.

Applies the provisions of this Act to individuals ordered or called to active duty after September 11, 2001, and before September 12, 2005, for retirement plan distributions made after September 11, 2001.

What's happening now May 21, 2004

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6093)

 Related & companion bills 2
  • HR 1779 Identical bill Guardsmen and Reservists Financial Relief Act of 2004
  • S 2375 Identical bill Guardsmen and Reservists Financial Relief Act of 2004
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · May 21, 2004
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2474: Guardsmen and Reservists Financial Relief Act of 2004. 108th Congress. Open America. https://openamerica.io/bill/108-S-2474/
MLA
"S. 2474: Guardsmen and Reservists Financial Relief Act of 2004." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-2474/.
Bluebook (legal)
S. 2474, 108th Cong. (2026), https://openamerica.io/bill/108-S-2474/.
Markdown link
[S. 2474: Guardsmen and Reservists Financial Relief Act of 2004](https://openamerica.io/bill/108-S-2474/)
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