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- H.R.7146
H.R.7146: Enhancing Emergency and Retirement Savings Act of 2022
About This Bill
- Introduced March 17, 2022
- Latest Major Action March 17, 2022
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - March 17, 2022
Bill Summary
Enhancing Emergency and Retirement Savings Act of 2022 This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
March 17, 2022 |
Referred to the House Committee on Ways and Means.
|
March 17, 2022 |
Introduced in the House by Brad Wenstrup (R-Ohio) |