Congress is out of session until Monday, November 9 for the midterm campaign. No new roll-call votes until then; the last were the House on Sep 16 and the Senate on Sep 30.

H.R. 2637 · 118th Congress · Taxation

To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.

Died in committee231 words Introduced Apr 17, 2023 · Latest action Apr 17, 2023

FollowRead the text
How far it has goneStopped at 2 of 6 · Died in committee
  1. IntroducedApr 17, 2023 Done
  2. CommitteeDied Jan 3, 2025 Stopped here
  3. House floorNot yet Not reached yet
  4. Senate floorNot yet Not reached yet
  5. Chambers agreeNot yet Not reached yet
  6. PresidentNot yet Not reached yet

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.

Congressional Research Service · summary of “Introduced in House” version · Apr 17, 2023

Who lobbies on it

2 organizations · 8 filings · Q2 2023–Q4 2024

One square per quarter since introduction, oldest left. Filled = named it that quarter.

  1. Ascensus, Inc. 7 of 7 quarters
    “H.Res.117 Affirming that Social Security is one of the primary pillars of retirement support for millions of older Americans, and for other purposes; H.R.2637 To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans;S.1135 A bill to amend…”

    Q4 2024 filing · $240K lobbying spend in 2024, all issues

  2. Ball Corporation 1 of 7 quarters
    “S. 866: American Innovation and Jobs Act; all provisions. H.R. 2637: American Innovation and Jobs Act; all provisions”

    Q3 2023 filing · $810K lobbying spend in 2023, all issues

Organizations that named H.R. 2637 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.

Actions

2 actions · newest first
  1. Apr 17, 2023Referred to the House Committee on Ways and Means.
  2. Apr 17, 2023Introduced in House