House Bill 7016
116th Congress(2019-2020)
Fairness for Early Withdrawers Act
Introduced
Introduced in House on May 26, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7016
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Fairness for Early Withdrawers Act
This bill allows tax-preferred pension plan participants to recontribute distributions from such plans made prior to December 1, 2020, without regard to the 60-day rule that requires a rollover of distributions to another plan within 60 days after receipt of such distributions.
May 26, 2020
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05/26/2020
Referred to the House Committee on Ways and Means.
05/26/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:49 PM