United States · Bill · S
S. 1566 (102nd)
Savings Without Penalty Act of 1991
Introduced
26 July 1991
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Savings Without Penalty Act of 1991 - Amends the Internal Revenue Code to allow penalty-free distributions from eligible individual retirement plans for: (1) qualified first-time home purchases; (2) qualified higher education expenses; (3) a period of involuntary unemployment; and (4) certain medical expenses.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 26 July 1991
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/102nd-congress/senate-bill/1566
- Open data entity: https://api.congress.gov/v3/bill/102/s/1566