Enhancing Emergency and Retirement Savings Act of 2021

Summary

Enhancing Emergency and Retirement Savings Act of 2021 This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.

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Timeline

1. 27 May 2021

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 27 May 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 May 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 May 2021

  Open at official source

Sponsors

• James Lankford · R · Sponsor
• Michael Bennet · D · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Enhancing Emergency and Retirement Savings Act of 2022
• related to ← EARN Act