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HR 4181 116th Congress House Taxation Bankruptcy Employee benefits and pensions Wages and earnings

To amend the Internal Revenue Code of 1986 to allow distributions from qualified cash or deferred arrangements in the event that the employer files for chapter 11 bankruptcy and the employee is not regularly scheduled for work or paid.

Introduced: August 9, 2019 Introduced by: Griffith, H. Morgan Republican · Virginia See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 9, 2019
Referred to the House Committee on Ways and Means.
Aug 9, 2019
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code to permit penalty-free distributions from a tax-preferred pension plan in chapter 11 bankruptcy proceedings on behalf of employees who, at the time of  filing of the chapter 11 petition, are not regularly scheduled to work for the number of hours they are customarily scheduled to work or are not paid on or before the time they are customarily paid.

What's happening now August 9, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1