S 1870
117th Congress
Senate
Taxation
Employee benefits and pensions
Income tax deferral
Income tax exclusion
Sales and excise taxes
Enhancing Emergency and Retirement Savings Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 27, 2021
Read twice and referred to the Committee on Finance.
May 27, 2021
Introduced in Senate
Plain-English summary
Enhancing Emergency and Retirement Savings Act of 2021
This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1