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United States · Bill · HR

H.R. 507 (103rd)

IRA Self-Loan Act

referredUnited States· United States Congress· EN

Introduced

21 January 1993

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

IRA Self-Loan Act - Amends the Internal Revenue Code to allow loans to be made or secured by an individual retirement account for first-time homebuyer expenses, education expenses, or medical emergency expenses. Limits such a loan amount to $50,000. Exempts such loans from the tax on prohibited transactions.

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Documents

3 official files

Introduced in House (text)

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Sources

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