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- H.R.2896
H.R.2896: To amend the Internal Revenue Code of 1986 to permit penalty-free distributions from qualified retirement plans for unemployed individuals.
About This Bill
- Introduced Aug. 5, 1993
- Latest Major Action Aug. 5, 1993
Bill Sponsor
Bill Cosponsors
20 (9 Democrats, 11 Republicans)
Bill Summary
Amends the Internal Revenue Code to allow penalty-free withdrawals from retirement plans by individuals who are unemployed, if: (1) such individuals have received unemployment compensation for 12 consecutive weeks; and (2) distributions are made in the year during which such compensation was paid or the succeeding year.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Aug. 5, 1993 |
Introduced in the House by James M. Ramstad (R-Minn.) |