HR 1587 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that certain distributions to unemployed individuals will not be subject to the additional tax on early distributions from qualified retirement plans.

Introduced 1991-03-21· Sponsored by Rep. Stokes, Louis [D-OH-21]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-03-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow penalty-free withdrawals from retirement plans by certain individuals who are unemployed.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (11)

9 Democrats2 Republicans
Rep. Rangel, Charles B. [D-NY-16]NY
Rep. Serrano, Jose E. [D-NY-18]NY
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Savage, Gus [D-IL-2]IL
Rep. Horton, Frank J. [R-NY-29]NY
Rep. Eckart, Dennis E. [D-OH-11]OH
Rep. Roe, Robert A. [D-NJ-8]NJ
Rep. Hertel, Dennis M. [D-MI-14]MI
Rep. Gunderson, Steve [R-WI-3]WI
Rep. Engel, Eliot L. [D-NY-19]NY