HR 4193 · 109th Congress · Taxation

401(k) Penalty Relief Act of 2005

Introduced 2005-11-01· Sponsored by Rep. Ryan, Tim [D-OH-17]· 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.(2005-11-01)

Plain Language Summary

[AI summary unavailable — showing source text] 401(k) Penalty Relief Act of 2005 - Amends the Internal Revenue Code to waive the penalty for premature distributions from a 401(k) retirement plan for employee hardship distributions due to the bankruptcy of an employer, the termination of a retirement plan, or the closure of a facility of the employer.…

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