S 1889
117th Congress
Senate
Taxation
Employee benefits and pensions
Income tax deferral
Income tax exclusion
Long-term, rehabilitative, and terminal care
Kathryn Manginelli Act of 2021
Introduced: May 27, 2021
See on congress.gov
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
Kathryn Manginelli Act of 2021 or the Compassionate Retirement Act of 2021
This bill allows premature distributions, without penalty, from tax-exempt retirement plans that are made to an individual who is certified by a physician as terminally ill. It also modifies the definition of terminally ill individual to increase from 24 to 84 the number of months after certification that an individual's illness can reasonably be expected to result in death.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1