To amend the Internal Revenue Code of 1986 to permit loans from individual retirement plans for certain first-time homebuyer, education, and medical emergency expenses.
IRA Self-Loan Act - Amends the Internal Revenue Code to allow loans to be made or secured by an individual retirement account for first-time homebuyer expenses, education expenses, or medical emergency expenses. Exempts such loans from the tax on prohibited transactions.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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