HR 2637 · 118th Congress · Taxation

To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.

Introduced 2023-04-17· Sponsored by Rep. Santos, George [R-NY-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] This bill allows a waiver of the 10% penalty on premature distributions from tax-exempt retirement plans where such distributions do not exceed the excess of $10,000 over aggregate plan distributions during a specified 5-year period.…

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