To amend the Internal Revenue Code of 1986 to waive the 10-percent penalty with respect to early retirement distributions for certain unemployed individuals.
Retirement Savings Access Act of 2011- Amends the Internal Revenue Code to allow certain individuals who have received federal or state unemployment compensation for 26 consecutive weeks to take penalty-free distributions from tax-exempt retirement plans.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E209)
Referred to the House Committee on Ways and Means.
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