H.R. 3390 · 111th Congress
Retirement Account Freedom Act of 2009
- Stage
- In committee
- Sponsor
- Pete Hoekstra
- Introduced
- 2009-07-29
- Latest action
- 2009-07-29 · Introduced in House
Summary
Retirement Account Freedom Act of 2009 - Amends the Internal Revenue Code to waive the 10% penalty for premature distributions from certain tax-exempt retirement plans during any period that the national rate of unemployment is at least 7%. Limits such waiver to distributions not exceeding 10% of the aggregate account balances of such plans.