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H.R. 2637

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.
About This Bill
Committee
Latest Action · April 17, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
April 17, 2023
Cosponsors (0)
None
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Summary

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This bill allows a waiver of the 10% penalty on premature distributions from tax-exempt retirement plans where such distributions do not exceed the excess of $10,000 over aggregate plan distributions during a specified 5-year period.

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