3.0.0 8567 2023-01-11T13:44:33Z 2023-01-11T13:44:33Z House HR 2020-10-09 116 [Congressional Record Volume 166, Number 175 (Friday, October 9, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. MURPHY of Florida:H.R. 8567.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, which gives Congress the power toprovide for the general welfare of the United States; toregulate commerce among the several states; and to make alllaws which shall be necessary and proper for carrying intoexecution the foregoing powers.[Page H5678]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-10-09T14:02:20Z Securing a Strong Retirement Act of 2020 116 8696 HR 2020-10-27 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 2020-10-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-10-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-10-09 Introduced in House IntroReferral 1000 9 Library of Congress M001202 Rep. Murphy, Stephanie N. [D-FL-7] Stephanie Murphy D FL N. 7 N E000298 Rep. Estes, Ron [R-KS-4] Ron Estes R KS 4 2020-10-09 True Taxation Bank accounts, deposits, capital Disability and paralysis Employee benefits and pensions Income tax exclusion Inflation and prices Interest, dividends, interest rates Taxation 00 2020-10-09 Introduced in House 2020-11-13T13:16:10Z Required Minimum Distribution Modernization Act of 2020

This bill revises rules requiring mandatory minimum distributions from tax-exempt retirement plans. Specifically, it increases from 72 to 75 the age at which plan participants must being making distributions from their accounts. It also exempts defined contribution plans from mandatory distribution requirements if the aggregate value of an employee's entire interest in all such plans does not exceed $100,000.

]]> Required Minimum Distribution Modernization Act of 2020 Display Title Required Minimum Distribution Modernization Act of 2020 Short Title(s) as Introduced Required Minimum Distribution Modernization Act of 2020 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase to 75 the required beginning date age for mandatory retirement distributions and to exempt from such distribution rules individuals with lower account balances. Introduced in House IH Introduced in House 2020-10-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8567ih/xml/BILLS-116hr8567ih.xml 2020-10-09 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.