3.0.0 1889 2023-03-08T19:57:57Z 2023-03-08T19:57:57Z Senate S 2021-05-27 117 ssfi00 Finance Committee Senate Standing Referred to 2021-05-27T16:50:11Z EARN Act 117 4808 S 2022-09-08 Placed on Senate Legislative Calendar under General Orders. Calendar No. 480. Related bill CRS 2021-05-27 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-05-27 Introduced in Senate IntroReferral 10000 9 Library of Congress B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze N B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2021-05-27 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-12-13 False Taxation Employee benefits and pensions Income tax deferral Income tax exclusion Long-term, rehabilitative, and terminal care Taxation 00 2021-05-27 Introduced in Senate 2021-07-08T17:14:18Z Kathryn Manginelli Act of 2021 or the Compassionate Retirement Act of 2021

This bill allows premature distributions, without penalty, from tax-exempt retirement plans that are made to an individual who is certified by a physician as terminally ill. It also modifies the definition of terminally ill individual to increase from 24 to 84 the number of months after certification that an individual's illness can reasonably be expected to result in death.

]]> Compassionate Retirement Act of 2021 Display Title Compassionate Retirement Act of 2021 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to establish an exception to the penalty on early distributions from qualified plans for individuals diagnosed with certain terminal illnesses. Introduced in Senate IS Short Title(s) as Introduced Compassionate Retirement Act of 2021 Introduced in Senate IS Short Title(s) as Introduced Kathryn Manginelli Act of 2021 Introduced in Senate IS Introduced in Senate 2021-05-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1889is/xml/BILLS-117s1889is.xml 2021-05-27 Read twice and referred to the Committee on Finance. 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.