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Main Subject: Taxation

Enhancing Emergency and Retirement Savings Act of 2021

This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.

HR7146-117, S4808-117,

Senate Actions

IntroReferral
May. 27 2021	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
May. 27 2021	Introduced in Senate

Senate bill S1870-117

Enhancing Emergency and Retirement Savings Act of 2021

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