H.R.6241: To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.

About This Bill

  • Introduced Dec. 9, 2021
  • Latest Major Action Dec. 9, 2021

Bill Cosponsor

Bill Version

Bill Summary

This bill allows penalty-free distributions from tax-exempt retirement plans for a federally declared disaster (i.e., a qualified disaster recovery distribution). The bill defines qualified disaster recovery distribution as any distribution within a 180 day period after a disaster declaration that is made to an individual whose principal residence is located in a qualified disaster area (an area for which a major disaster has been declared)...

(Source: Library of Congress)

Bill Actions

Date Description
Dec. 9, 2021
Referred to the House Committee on Ways and Means.
Dec. 9, 2021

Introduced in the House by Mike Thompson (D-Calif.)

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