HR 3390 · 111th Congress · Taxation

Retirement Account Freedom Act of 2009

Introduced 2009-07-29· Sponsored by Rep. Hoekstra, Peter [R-MI-2]· 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.(2009-07-29)

Plain Language Summary

[AI summary unavailable — showing source text] Retirement Account Freedom Act of 2009 - Amends the Internal Revenue Code to waive the 10% penalty for premature distributions from certain tax-exempt retirement plans during any period that the national rate of unemployment is at least 7%. Limits such waiver to distributions not exceeding 10% of the aggregate account balances of such plans.…

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