Expanding Access to Retirement Savings for Caregivers Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 28, 2021)
Expanding Access to Retirement Savings for Caregivers Act
This bill allows an individual to make annual catch up contributions to a retirement account before reaching age 50 if the individual leaves the workforce to provide dependent cares services.
Specifically, the individual must have been unemployed, and have had no earned income, as a result of providing care to (1) a dependent under the age of 13, or (2) a spouse physically or mentally incapable of self-care.
What just happenedMay 28, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMay 28, 2021
- May 28, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 28, 2021IntroReferralIntro-H
Introduced in House
- May 28, 2021IntroReferral1000
Introduced in House