Enhancing Emergency and Retirement Savings Act of 2022
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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2022-03-17 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2022-03-17 | IntroReferral | Introduced in House | Library of Congress |