HR 4249 · 102th Congress · Taxation

To temporarily permit penalty-free withdrawals from individual retirement plans and section 401(k) plans.

Introduced 1992-02-19· Sponsored by Rep. Duncan, John J., Jr. [R-TN-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1992-02-19)

Plain Language Summary

[AI summary unavailable — showing source text] Allows penalty-free distributions from an individual retirement account, an individual retirement annuity, or a qualified cash or deferred arrangement for the one-year period beginning after the date of enactment of this Act. Excludes from gross income ten percent of the portion of such distribution which would have been includible but for enactment of this Act.…

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

Cosponsors (1)

1 Republican
Rep. Gingrich, Newt [R-GA-6]GA