S 2964 · 119th Congress · Taxation

Emergency Relief for Federal Contractors Act of 2025

Introduced 2025-10-01· Sponsored by Sen. Cortez Masto, Catherine [D-NV]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2025-10-01)

Plain Language Summary

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2964 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2964 To allow penalty-free distributions from retirement accounts in the case of certain Federal contractors impacted by Federal Government shutdowns. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES October 1, 2025 Ms. Cortez Masto (for herself, Mr. Kaine, Mr. Wyden, Ms. Alsobrooks, Ms. Klobuchar, Mr. Markey, Mrs. Shaheen, Mr. Van Hollen, Mr. Warner, Mr. Blumenthal, Ms. Rosen, Ms. Hirono, Mr. Durbin, Mr. Padilla, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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.…

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

Cosponsors (14)

14 Democrats