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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

Introduced: May 27, 2021 Introduced by: Lankford, James Republican · Oklahoma 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
May 27, 2021
Read twice and referred to the Committee on Finance.
May 27, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 May 27, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • S 4808 Related bill EARN Act
  • HR 7146 Related bill Enhancing Emergency and Retirement Savings Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Bennet, Michael F.
Colorado · May 27, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1870: Enhancing Emergency and Retirement Savings Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1870/
MLA
"S. 1870: Enhancing Emergency and Retirement Savings Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1870/.
Bluebook (legal)
S. 1870, 117th Cong. (2026), https://openamerica.io/bill/117-S-1870/.
Markdown link
[S. 1870: Enhancing Emergency and Retirement Savings Act of 2021](https://openamerica.io/bill/117-S-1870/)
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