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HR 3742 109th Congress House Taxation Annuities Disaster relief Disasters Emergency Management Floods Hurricane aftermath legislation Hurricanes Income tax Individual retirement accounts Labor and Employment Tax exclusion Tax penalties

To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason…

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To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters.

Introduced: September 13, 2005 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Sep 13, 2005
Referred to the House Committee on Ways and Means.
Sep 13, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exempt from the penalty for premature distributions from an individual retirement plan a distribution to an individual residing in an area declared as a federal disaster area due to hurricanes, floods, or other natural disasters occurring in 2004 or thereafter if such distribution is made within six months after the date of the disaster declaration.

What's happening now September 13, 2005

Referred to the House Committee on Ways and Means.

 Related & companion bills 4
  • HR 3733 Related bill Emergency Savings Relief Act of 2005
  • HR 3741 Related bill Disaster Victims' Savings Access Act
  • HR 3751 Related bill Retirement Account Emergency Access Act of 2005
  • HR 3759 Related bill To amend the Internal Revenue Code of 1986 to allow withdrawals from qualified retirement plans without penalty by indi…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Diaz-Balart, Mario
Florida · Sep 13, 2005
 R
Wilson, Joe
South Carolina · Sep 13, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3742: To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters.. 109th Congress. Open America. https://openamerica.io/bill/109-HR-3742/
MLA
"H.R. 3742: To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-3742/.
Bluebook (legal)
H.R. 3742, 109th Cong. (2026), https://openamerica.io/bill/109-HR-3742/.
Markdown link
[H.R. 3742: To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty by individuals within areas determined by the President to be disaster areas by reason of certain natural disasters.](https://openamerica.io/bill/109-HR-3742/)
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