HR 1148 · 104th Congress · Taxation

To amend the Internal Revenue Code of 1986 to permit penalty-free withdrawals by unemployed individuals from certain retirement plans.

Introduced 1995-03-07· Sponsored by Rep. Lazio, Rick [R-NY-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Committee Hearings Held.(1995-07-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the additional tax on early distribution from retirement plans distributions to individuals during periods of unemployment.…

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

Cosponsors (19)

8 Democrats10 Republicans1 Independent
Rep. Molinari, Susan [R-NY-13]NY
Rep. Forbes, Michael P. [R-NY-1]NY
Rep. Traficant, James A., Jr. [D-OH-17]OH
Rep. King, Peter T. [R-NY-3]NY
Rep. Fox, Jon D. [R-PA-13]PA
Rep. Packard, Ron [R-CA-48]CA
Rep. Saxton, Jim [R-NJ-3]NJ
Rep. Ackerman, Gary L. [D-NY-5]NY
Rep. Maloney, Carolyn B. [D-NY-14]NY
Rep. Watt, Melvin L. [D-NC-12]NC
Rep. Lofgren, Zoe [D-CA-16]CA
Rep. Lipinski, William O. [D-IL-3]IL
Rep. Hilliard, Earl F. [D-AL-7]AL
Rep. Serrano, Jose E. [D-NY-16]NY
Rep. McCrery, Jim [R-LA-5]LA
Rep. English, Phil [R-PA-21]PA
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Sanders, Bernard [I-VT-At Large]VT
Rep. Canady, Charles T. [R-FL-12]FL