To amend the Internal Revenue Code of 1986 to allow withdrawals from individual retirement plans without penalty for certain individuals significantly affected by the September 11, 2001, terrorist attacks.

Amends the Internal Revenue Code to permit penalty-free withdrawals from individual retirement plans (IRA's) before September 12, 2002, for individuals significantly affected by the terrorist attacks of September 11, 2002, including those who: (1) received unemployment compensation for 12 consecutive weeks; (2) are a ten percent owner of a small business concern that has since suffered a significant negative economic impact; or (3) had a spouse or dependent die as a result of such attacks.