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SECURE Fix Act of 2020

3/2/2022, 4:21 PM

Congressional Summary of HR 5792

SECURE Fix Act of 2020

This bill repeals restrictions on required distributions from defined contribution pension plans to specified beneficiaries designated by an employee plan participant that such beneficiaries may receive over their lifetimes.

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Current Status of Bill HR 5792

Bill HR 5792 is currently in the status of Bill Introduced since February 6, 2020. Bill HR 5792 was introduced during Congress 116 and was introduced to the House on February 6, 2020.  Bill HR 5792's most recent activity was Referred to the House Committee on Ways and Means. as of February 6, 2020

Bipartisan Support of Bill HR 5792

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5792

Primary Policy Focus

Taxation

Potential Impact Areas

- Employee benefits and pensions
- Income tax deferral
- Income tax exclusion

Alternate Title(s) of Bill HR 5792

SECURE Fix Act of 2020
To amend the Internal Revenue Code of 1986 to repeal the restrictions on which designated beneficiaries may receive over the life of the beneficiary the required distributions from a defined contribution plan.
SECURE Fix Act of 2020

Comments

Sponsors and Cosponsors of HR 5792

Bill Posey
Bill Posey
FloridaRepublican

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