H.R.1526: Housing Recovery Act of 2011

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about taxation
  • Introduced April 13, 2011
  • Latest Major Action April 13, 2011

Bill Sponsor

Bill Cosponsor

Bill Summary

Housing Recovery Act of 2011 - Amends the Internal Revenue Code to allow a premature distribution from a tax-exempt retirement plan without penalty if such distribution is used to acquire a residence which has been in foreclosure for one year prior to the date of such acquisition and such residence is not sold or otherwise disposed of for two years beginning on the date of such acquisition.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
April 13, 2011

Introduced in the House by Bill Posey (R-Fla.)

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