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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

21 January 1993 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Franks, Gary A. [R-CT-5], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Johnson, Nancy L. [R-CT-5], Rep. Rohrabacher, Dana [R-CA-48], Rep. Johnson, Sam [R-TX-3], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Saxton, Jim [R-NJ-3], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Collins, Barbara-Rose [D-MI-15], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Vucanovich, Barbara F. [R-NV-2], Rep. Ravenel, Arthur, Jr. [R-SC-1], Rep. Valentine, Tim [D-NC-2], Sen. Santorum, Rick [R-PA], Rep. Quinn, Jack [R-NY-27], Rep. Inglis, Bob [R-SC-4]

Subjects

Taxation, Education

Source updated

26 August 2025

Taxation · Education

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.

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

Timeline

  1. 21 January 1993

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 21 January 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 January 1993

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 21 January 1993

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 21 January 1993

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 21 January 1993

    Open at official source

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Sponsors

Related records

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Sources

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