Required Minimum Distribution Modernization Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 9, 2020)
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.
What just happenedOct 9, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseOct 9, 2020
- Oct 9, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 9, 2020IntroReferralIntro-H
Introduced in House
- Oct 9, 2020IntroReferral1000
Introduced in House