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 Cosponsor

Bill Version

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

There is one statement associated with H.R.7146.

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)

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