Bill116th CongressFiled Aug 9, 2019Taxation
H.R. 4181
To amend the Internal Revenue Code of 1986 to allow distributions from qualified cash or deferred arrangements in the event that the employer files for chapter 11 bankruptcy and the employee is not regularly scheduled for work or paid.
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What it doesSummary introduced in house (Aug 9, 2019)
This bill amends the Internal Revenue Code to permit penalty-free distributions from a tax-preferred pension plan in chapter 11 bankruptcy proceedings on behalf of employees who, at the time of filing of the chapter 11 petition, are not regularly scheduled to work for the number of hours they are customarily scheduled to work or are not paid on or before the time they are customarily paid.
What just happenedAug 9, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Griffith, H. Morgan [R-VA-9](R-VA)Sponsor
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- Introduced in HouseAug 9, 2019
- Aug 9, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 9, 2019IntroReferralIntro-H
Introduced in House
- Aug 9, 2019IntroReferral1000
Introduced in House