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Enhancing Emergency and Retirement Savings Act of 2022

USA117th CongressHR-7146| House 
| Updated: 3/17/2022
Brad R. Wenstrup

Brad R. Wenstrup

Republican Representative

Ohio

Cosponsors (1)
Thomas R. Suozzi (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 27, 2021

Latest Companion Bill Action

S 117-1870
Introduced in Senate
Mar 17, 2022
Introduced in House
Mar 17, 2022
Referred to the House Committee on Ways and Means.
  • May 27, 2021

    Latest Companion Bill Action

    S 117-1870
    Introduced in Senate


  • March 17, 2022
    Introduced in House


  • March 17, 2022
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 117-1870: Enhancing Emergency and Retirement Savings Act of 2021
  • S 117-4808: EARN Act

Enhancing Emergency and Retirement Savings Act of 2022

USA117th CongressHR-7146| House 
| Updated: 3/17/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 27, 2021

Latest Companion Bill Action

S 117-1870
Introduced in Senate
Mar 17, 2022
Introduced in House
Mar 17, 2022
Referred to the House Committee on Ways and Means.
  • May 27, 2021

    Latest Companion Bill Action

    S 117-1870
    Introduced in Senate


  • March 17, 2022
    Introduced in House


  • March 17, 2022
    Referred to the House Committee on Ways and Means.
Brad R. Wenstrup

Brad R. Wenstrup

Republican Representative

Ohio

Cosponsors (1)
Thomas R. Suozzi (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 117-1870: Enhancing Emergency and Retirement Savings Act of 2021
  • S 117-4808: EARN Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted