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United States · Bill · HR

H.R. 8567 (116th)

Required Minimum Distribution Modernization Act of 2020

referredUnited States· United States Congress· EN

Introduced

9 October 2020

Last action

9 October 2020 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Murphy, Stephanie N. [D-FL-7], Rep. Estes, Ron [R-KS-4]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

Required Minimum Distribution Modernization Act of 2020 This bill revises rules requiring mandatory minimum distributions from tax-exempt retirement plans. Specifically, it increases from 72 to 75 the age at which plan participants must being making distributions from their accounts. It also exempts defined contribution plans from mandatory distribution requirements if the aggregate value of an employee's entire interest in all such plans does not exceed $100,000.

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

Timeline

  1. 9 October 2020

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 9 October 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 9 October 2020

    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 · 9 October 2020

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 9 October 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 9 October 2020

    Open at official source

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Sponsors

Related records

Sources

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