Guardsmen and Reservists Financial Relief Act of 2005
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Guardsmen and Reservists Financial Relief Act of 2005 - 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, 2007, for retirement plan distributions made after September 11, 2001.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 621: Guardsmen and Reservists Financial Relief Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-621/
"H.R. 621: Guardsmen and Reservists Financial Relief Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-621/.
H.R. 621, 109th Cong. (2026), https://openamerica.io/bill/109-HR-621/.
[H.R. 621: Guardsmen and Reservists Financial Relief Act of 2005](https://openamerica.io/bill/109-HR-621/)