HR 7146 · 117th Congress · Taxation

Enhancing Emergency and Retirement Savings Act of 2022

Introduced 2022-03-17· Sponsored by Rep. Wenstrup, Brad R. [R-OH-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2022-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] Enhancing Emergency and Retirement Savings Act of 2022 This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.…

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

Cosponsors (1)

1 Democrat
Rep. Suozzi, Thomas R. [D-NY-3]NY