Disaster Victims' Savings Access Act

[AI summary unavailable — showing source text] Disaster Victims' Savings Access Act - Amends the Internal Revenue Code to: (1) exempt from the penalty for premature distributions from a tax-qualified retirement plan a one-time distribution made to an employee living and working in a county enumerated in a presidentially declared disaster or emergency; (2) allow such distribution to be spread evenly in income over a five-year period for income tax purposes; and (3) allow survivors of disasters to make catch-up contributions to retirement plans.…