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 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
Referred to the House Committee on Ways and Means.
Aug. 5, 1993

Introduced in the House by James M. Ramstad (R-Minn.)

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