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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-05-27 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2021-05-27 | IntroReferral | Introduced in Senate | Library of Congress |