House Bill 7146
117th Congress(2021-2022)
Enhancing Emergency and Retirement Savings Act of 2022
Introduced
Introduced in House on Mar 17, 2022
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7146
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this 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.
March 17, 2022
03/17/2022
Referred to the House Committee on Ways and Means.
03/17/2022
Introduced in House
Public Record
Record Updated
Dec 29, 2022 10:03:49 PM