HR 7016
116th Congress
House
Taxation
Employee benefits and pensions
Financial services and investments
Income tax deferral
Fairness for Early Withdrawers Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2020
Referred to the House Committee on Ways and Means.
May 26, 2020
Introduced in House
Plain-English summary
Fairness for Early Withdrawers Act
This bill allows tax-preferred pension plan participants to recontribute distributions from such plans made prior to December 1, 2020, without regard to the 60-day rule that requires a rollover of distributions to another plan within 60 days after receipt of such distributions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1