Bill117th CongressFiled May 27, 2021Taxation
S. 1870
Enhancing Emergency and Retirement Savings Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (May 27, 2021)
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.
What just happenedMay 27, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Lankford, James [R-OK](R-OK)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions2related bills4subjects
- Introduced in SenateMay 27, 2021
- May 27, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - May 27, 2021IntroReferral10000
Introduced in Senate