II Calendar No. 426 110th CONGRESS 1st Session S. 2184 IN THE SENATE OF THE UNITED STATES October 17, 2007 Mrs. Dole introduced the following bill; which was read the first time October 18, 2007 Read the second time and placed on the calendar A BILL To amend the Internal Revenue Code of 1986 to permanently allow penalty-free withdrawals from retirement plans for individuals called to active duty for at least 179 days.

1.

Short title

This Act may be cited as the National Guard and Reservists Financial Relief Act.

2.

Permanently allowance of penalty-free withdrawals from retirement plans for individuals called to active duty for at least 179 days

(a)

In general

Section 72(t)(2)(G)(iv) of the Internal Revenue Code of 1986 (relating to application of subparagraph) is amended by striking and before December 31, 2007 and all that follows. (b)

Effective date

The amendment made by this section shall apply to distributions made after the date of the enactment of this Act.

October 18, 2007 Read the second time and placed on the calendar