Bill118th CongressFiled Apr 17, 2023Taxation
H.R. 2637
To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 17, 2023)
This bill allows a waiver of the 10% penalty on premature distributions from tax-exempt retirement plans where such distributions do not exceed the excess of $10,000 over aggregate plan distributions during a specified 5-year period.
What just happenedApr 17, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Santos, George [R-NY-3](R-NY)Sponsor
1committees3actions
- Introduced in HouseApr 17, 2023
- Apr 17, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 17, 2023IntroReferralIntro-H
Introduced in House
- Apr 17, 2023IntroReferral1000
Introduced in House