H.R. 2637 · 118th Congress · 2023–2024
To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.
H.R. 2637 in the 118th Congress (2023–2024) was introduced on Apr 17, 2023, sponsored by George Santos.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Apr 17, 2023
- Co-sponsors
- 0
- Policy area
- Taxation
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Where it stands
- IntroducedApr 17, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Apr 17, 2023)
More bills from George Santos in the 118th Congress
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- H.R. 5863: Federal Disaster Tax Relief Act of 2023
- H.R. 3797: Paperwork Burden Reduction Act
- H.R. 3801: Employer Reporting Improvement Act
- H.R. 190: Saving Gig Economy Taxpayers Act
- H.R. 329: American Workforce Empowerment Act
- H.R. 531: Educational Choice for Children Act
- S. 596: Military Spouse Hiring Act
- H.R. 700: Supply Chain Disruptions Relief Act
- H.R. 812: Inflation Reduction Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 2637 (118th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/118-hr-2637/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).