To amend the Internal Revenue Code of 1986 to permit one-time, tax-free distributions from retirement plans to fund health savings accounts.
Latest action · May 3, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 3, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to exclude from the gross income of an employee covered under a high deductible health care plan a distribution from such employee's qualified retirement plan to fund a health savings account. Exempts such a distribution from the 10 percent penalty on early distributions from qualified retirement plans.
Cosponsors 15
Members who signed on, in the order they did. Signatures ran from May 24, 2005 to Feb 28, 2006.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-SC | Bob Inglis | May 24, 2005 | |
| R-NY | John R. "Randy" Kuhl Jr. | May 24, 2005 | |
| R-TX | Ron Paul | May 24, 2005 | |
| R-IN | Dan Burton | May 26, 2005 | |
| R-AZ | Jeff Flake | May 26, 2005 | |
| R-FL | Jeff Miller | May 26, 2005 | |
| R-IN | Mike Pence | May 26, 2005 | |
| R-MI | Thaddeus G. McCotter | May 26, 2005 | |
| R-MN | Mark R. Kennedy | Jun 14, 2005 | |
| R-CA | Ken Calvert | Jun 28, 2005 | |
| R-ID | C. L. (Butch) Otter | Feb 8, 2006 | |
| R-PA | Joseph R. Pitts | Feb 8, 2006 | |
| R-KY | Anne M. Northup | Feb 14, 2006 | |
| R-FL | Adam H. Putnam | Feb 28, 2006 | |
| R-IN | Mark E. Souder | Feb 28, 2006 |
Actions 2
Everything that happened, newest first.
- May 3, 2005Introduced in House
- May 3, 2005Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3873 | To amend the Internal Revenue Code of 1986 to permit rollovers from retirement plans to health savings accounts. | Related bill | Sep 22, 2005 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 3, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.