United States · Bill · HR
H.R. 5602 (111th)
Gulf Coast Access to Savings Act of 2010
Introduced
24 June 2010
Last action
24 June 2010 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Putnam, Adam H. [R-FL-12], Rep. Boustany, Charles W., Jr. [R-LA-3], Rep. Ros-Lehtinen, Ileana [R-FL-27]
Subjects
Taxation
Source updated
14 August 2025
Summary
Gulf Coast Access to Savings Act of 2010 - Amends the Internal Revenue Code to allow tax-free distributions, up to $50,000 in any taxable year, from retirement plans on or after April 20, 2010, and before January 1, 2011, for individuals whose principal place of abode is in Florida, Alabama, Mississippi, Louisiana, or Texas and who sustained an economic loss caused by the explosion on and sinking of the Deepwater Horizon offshore drilling unit, the resulting discharge of oil in the Gulf of Mexico, or the effects of such discharge on the economy in the affected areas. Provides tax incentives for the use of distributions by individuals in affected states to make home purchases. Increases to $100,000 the amount which may be borrowed without penalty from an employer benefit plan by individuals in affected states.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
24 June 2010
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
24 June 2010
Introduced
Introduced in House
Source: IntroReferral
24 June 2010
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 24 June 2010 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 24 June 2010
Introduced in House (PDF)
Introduced in House · EN · 24 June 2010
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Introduced in House
summary · EN · 24 June 2010
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Putnam, Adam H. [R-FL-12] · R · Sponsor
- Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Sponsor
- Rep. Ros-Lehtinen, Ileana [R-FL-27] · R · Cosponsor
- · hswm00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/5602
- Open data entity: https://api.congress.gov/v3/bill/111/hr/5602
- us · 111-hr-5602 · source updated 14 August 2025