[Congressional Record (Bound Edition), Volume 157 (2011), Part 7]
[Extensions of Remarks]
[Page 9659]
[From the U.S. Government Publishing Office, www.gpo.gov]




              INTRODUCTION OF BILLS TO HELP THE UNEMPLOYED

                                 ______
                                 

                             HON. RON PAUL

                                of texas

                    in the house of representatives

                         Tuesday, June 21, 2011

  Mr. PAUL. Mr. Speaker, today I am introducing two pieces of 
legislation to help the increasing number of Americans who, because of 
the Government-created recession, have lost their jobs. The first piece 
of legislation, the Unemployed Tax Relief, makes a laid-off worker's 
last paycheck tax free.
  The second bill, the Unemployment Assistance Act, allows the 
unemployed to make penalty-free withdrawals from accounts such as Roth 
IRAs or 401(k)s, to cover routine living expenses, health care 
expenses, or to help pay for education and job training. Those who make 
these penalty-free withdrawals while unemployed will be able to 
replenish their accounts once they have started a new job.
  Mr. Speaker, while we may disagree on the best solutions to the 
economic crisis gripping the Nation, I hope my colleagues will at least 
agree on these common-sense measures and cosponsor the Unemployed Tax 
Relief Act and the Unemployment Assistance Act.