HR 7278 · 110th Congress 2007–2009, ended

Retirement Fairness and Emergency Relief Act of 2008

Introduced Nov 19, 2008 Originated House Sponsor C. A. Dutch Ruppersberger D-MD

Fact sheet

Latest action · Nov 19, 2008 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.

  1. IntroducedNov 19, 2008
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Retirement Fairness and Emergency Relief Act of 2008 - Suspends for calendar 2008 and 2009 the beginning date for required distributions from certain individual retirement (IRA) plans.

Waives the 10% additional tax (penalty) under the Internal Revenue Code for early distributions from qualified retirement plans in the case of a qualified financial hardship distribution to an individual during calendar 2008-2009 of up to $15,000 per taxable year, as determined by the Secretary of the Treasury (including a qualified foreclosure distribution).

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Actions 2

Everything that happened, newest first.

  1. Nov 19, 2008Introduced in House
  2. Nov 19, 2008Referred to the House Committee on Ways and Means.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 7277Temporary IRA Distribution Suspension Act of 2008Related billNov 19, 2008
HR 7279Seniors' Investment Security Act of 2008Related billNov 19, 2008

Subjects

Assigned by the Library of Congress. Policy area: Labor and Employment.

Text 1

Each version as it was printed, newest first.

  1. Nov 19, 2008Introduced in House

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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.