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HR 6241 117th Congress House Taxation

To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.

Introduced: December 9, 2021 Introduced by: Thompson, Mike Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Dec 9, 2021
Referred to the House Committee on Ways and Means.
Dec 9, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

This bill allows penalty-free distributions from tax-exempt retirement plans for a federally declared disaster (i.e., a qualified disaster recovery distribution). The bill defines qualified disaster recovery distribution as any distribution within a 180 day period after a disaster declaration that is made to an individual whose principal residence is located in a qualified disaster area (an area for which a major disaster has been declared) and who has sustained an economic loss due to the disaster.

The bill sets forth rules for the recontribution of withdrawals from a plan for first-time home purchases or for purchases or construction of a principal residence in a disaster area, and increases the limit on loans from a qualified employer plan that an individual may take in lieu of a distribution.

What's happening now December 9, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • S 4808 Related bill EARN Act
  • S 2583 Identical bill A bill to amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection wi…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Kelly, Mike
Pennsylvania · Dec 9, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6241: To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-6241/
MLA
"H.R. 6241: To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-6241/.
Bluebook (legal)
H.R. 6241, 117th Cong. (2026), https://openamerica.io/bill/117-HR-6241/.
Markdown link
[H.R. 6241: To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.](https://openamerica.io/bill/117-HR-6241/)
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