To amend the Internal Revenue Code of 1986 to allow expanded penalty-free withdrawals from certain retirement plans during periods of unemployment.

Fact Sheet API

Bill Number

HR 3489

Introduced

Dec 13, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Income tax Individual retirement accounts Labor and Employment Pension funds Personal income tax Tax exemption Tax penalties Tax-deferred compensation plans Taxation Unemployed Unemployment insurance

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to exempt from the early withdrawal penalty distributions from qualified retirement plans by individuals separated from employment, as specified.

Actions

Dec 13, 2001

Referred to the House Committee on Ways and Means.
Dec 13, 2001

Introduced in House

Amendments

Related Bills