S 1656 · 112th Congress · Taxation

Hardship Outlays to protect Mortgagee Equity (HOME) Act

Introduced 2011-10-05· Sponsored by Sen. Isakson, Johnny [R-GA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2011-10-05)

Plain Language Summary

[AI summary unavailable — showing source text] Hardship Outlays to protect Mortgagee Equity (HOME) Act - Amends the Internal Revenue Code to allow taxpayers to withdraw amounts from their tax-exempt pension and retirement plans, without incurring the 10% penalty otherwise imposed on such withdrawals, to make mortgage payments on their principal residences.…

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