HR 2303 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from retirement plans by displaced workers.

Introduced 1991-05-09· Sponsored by Rep. Russo, Martin A. [D-IL-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow penalty-free withdrawals from retirement plans by certain displaced workers. Sets forth a formula for the maximum amount of such withdrawals and provides a cost-of-living adjustment for such amount.…

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

Cosponsors (20)

18 Democrats2 Republicans
Rep. Miller, George [D-CA-7]CA
Rep. Horton, Frank J. [R-NY-29]NY
Rep. Serrano, Jose E. [D-NY-18]NY
Rep. McNulty, Michael R. [D-NY-23]NY
Rep. Costello, Jerry F. [D-IL-21]IL
Rep. Clinger, William F., Jr. [R-PA-23]PA
Rep. Abercrombie, Neil [D-HI-1]HI
Rep. Roe, Robert A. [D-NJ-8]NJ
Rep. Engel, Eliot L. [D-NY-19]NY
Rep. Kopetski, Mike [D-OR-5]OR
Rep. Espy, Mike [D-MS-2]MS
Rep. Lowey, Nita M. [D-NY-20]NY
Rep. Kostmayer, Peter H. [D-PA-8]PA
Rep. Owens, Major R. [D-NY-12]NY
Rep. Studds, Gerry E. [D-MA-10]MA
Rep. AuCoin, Les [D-OR-1]OR
Rep. Slaughter, Louise McIntosh [D-NY-30]NY
Rep. Frost, Martin [D-TX-24]TX
Rep. Hochbrueckner, George J. [D-NY-1]NY
Rep. Ackerman, Gary L. [D-NY-7]NY