H.R. 2637 — To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.

Summary

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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Legislative Actions

2023-04-17
Introduced in House
2023-04-17
Introduced in House
2023-04-17
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.

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