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Retirement Protection Act

2/8/2022, 11:17 PM

Congressional Summary of HR 6377

Retirement Protection Act

This bill permits a waiver in 2020 of required minimum distribution rules for retirement plans and accounts, including defined contribution plans and individual retirement accounts.

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Current Status of Bill HR 6377

Bill HR 6377 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6377 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6377's most recent activity was Referred to the House Committee on Ways and Means. as of March 23, 2020

Bipartisan Support of Bill HR 6377

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
20
Democrat Cosponsors
20
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6377

Primary Policy Focus

Taxation

Potential Impact Areas

- Bank accounts, deposits, capital
- Employee benefits and pensions

Alternate Title(s) of Bill HR 6377

Retirement Protection Act
To amend the Internal Revenue Code of 1986 to provide for a temporary waiver of required minimum distribution rules for certain retirement plans and accounts, and for other purposes.
Retirement Protection Act

Comments

Sponsors and Cosponsors of HR 6377

Jennifer Wexton
Jennifer Wexton
VirginiaDemocrat
David J. Trone
David J. Trone
MarylandDemocrat
Bradley Scott Schneider
Bradley Scott Schneider
IllinoisDemocrat
Harley Rouda
Harley Rouda
CaliforniaDemocrat
Jamie Raskin
Jamie Raskin
MarylandDemocrat
Eleanor Holmes Norton
Eleanor Holmes Norton
District of ColumbiaDemocrat

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