Emergency Relief for Federal Contractors Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5690 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5690 To allow penalty-free distributions from retirement accounts in the case of certain Federal contractors impacted by Federal Government shutdowns. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES October 3, 2025 Mr. Subramanyam (for himself, Mr. Walkinshaw, Mr. Beyer, Ms. McClellan, Ms. Elfreth, Ms. Norton, Mr. Swalwell, and Mr. Horsford) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To allow penalty-free distributions from retirement accounts in the case of certain Federal contractors impacted by Federal Government shutdowns. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Emergency Relief for Federal Contractors Act of 2025''. SEC. 2. TAX-FAVORED WITHDRAWALS FROM RETIREMENT PLANS. (a) In General.--Section 72(t) of the Internal R…