To temporarily permit penalty-free withdrawals from individual retirement plans and section 401(k) plans.

Summary

Allows penalty-free distributions from an individual retirement account, an individual retirement annuity, or a qualified cash or deferred arrangement for the one-year period beginning after the date of enactment of this Act. Excludes from gross income ten percent of the portion of such distribution which would have been includible but for enactment of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 February 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 February 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 February 1992

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 February 1992

  Open at official source

Sponsors

• JOHN DUNCAN · R · Sponsor
• Rep. Gingrich, Newt [R-GA-6] · R · Cosponsor
• · hswm00 · Standing

Related records

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