Enhancing Emergency and Retirement Savings Act of 2021
Summary
Enhancing Emergency and Retirement Savings Act of 2021 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.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 27, 2021
Last action May 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 27, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
May 27, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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