HR 3078
116th Congress
House
Taxation
Administrative law and regulatory procedures
Aging
Department of the Treasury
Employee benefits and pensions
Family relationships
Income tax deductions
Income tax deferral
Long-term, rehabilitative, and terminal care
Unemployment
Expanding Access to Retirement Savings for Caregivers Act
Introduced: June 4, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 4, 2019
Referred to the House Committee on Ways and Means.
Jun 4, 2019
Introduced in House
Plain-English summary
Expanding Access to Retirement Savings for Caregivers Act
This bill allows an individual to make annual catch up contributions to a retirement account before reaching age 50 if the individual leaves the workforce to provide dependent cares services.
Specifically, the individual must have been unemployed, and have had no earned income, as a result of providing care to (1) a dependent under the age of 13, or (2) a spouse physically or mentally incapable of self-care.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1