Sign Up
Home › Texas › Bills
Bills

Texas Congressional Bills

Browse federal bills sponsored by your state's delegation.

State Legislature US Congress
All 14,547 Active 32 In committee 13,376 Passed 1,136 Signed 204 Failed 28

Bill results

in committee · Texas · House Jan 4, 2021

HR 175: Expanding Penalty Free Withdrawal Act

Expanding Penalty Free Withdrawal Act This bill expands the exceptions in the Internal Revenue Code that permit penalty-free distributions to unemployed individuals from retirement plans. The 10% additional tax on early distributions from retirement plans does not apply to an individual after separation from employment if (1) the individual has received federal or state unemployment compensation for 26 consecutive weeks or, if less, the maximum period available under state law; and (2) the distributions are made during the year or the succeeding year in which the compensation is paid. The exception is limited to the lesser of (1) $50,000 from all plans of the individual over a one-year period, or (2) the greater of $10,000 or one-half of the fair market value of the individual's retirement plans and the nonforfeitable portion of the individual's defined contribution plans. The exception does not apply to distributions that are (1) included in the existing exception for distributions to unemployed individuals for health insurance premiums, or (2) are made after the individual has been employed for at least 60 days after the separation.
Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves 10% tax penalty on retirement withdrawals for unemployed, providing tax relief for lower-income individuals during job loss.92% confidence
Bonnie Watson Coleman (D) · 7 co-sponsors
in committee · Texas · House Jan 4, 2021

HR 174: EITC Modernization Act

EITC Modernization Act This bill extends the earned income tax credit to taxpayers with certain dependents, including children and aged dependents, and to qualifying students. It also establishes a matching grant program for tax return preparation assistance for low-income taxpayers.
Topics ✓ Budget & TaxesSupports Budget & TaxesExtends EITC to more low-income taxpayers, providing tax relief and expanding access to tax credit benefits.95% confidence
Bonnie Watson Coleman (D) · 4 co-sponsors
in committee · Texas · House Jan 4, 2021

HR 24: Federal Reserve Transparency Act of 2021

Federal Reserve Transparency Act of 2021 This bill establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO). Specifically, the bill directs the GAO to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.
Thomas Massie (R) · 65 co-sponsors
Showing 14,545 to 14,547 of 14,547 bills
Previous 1 … 1,211 1,212 1,213