H.R.338: To amend the Internal Revenue Code of 1986 to permit penalty-free withdrawals from individual retirement plans for the acquisition of a first home.

About This Bill

  • This bill was introduced in the 103rd Congress
  • This bill is primarily about housing and community development
  • Introduced Jan. 5, 1993
  • Latest Major Action Jan. 5, 1993

Bill Summary

Amends the Internal Revenue Code to allow penalty-free withdrawals from individual retirement plans if used within 60 days for the acquisition of a principal residence for a first-time homebuyer.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 5, 1993

Introduced in the House by Marge Roukema (R-N.J.)

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