legislation: 116-hr-8567

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-hr-8567 116 hr 8567 Required Minimum Distribution Modernization Act of 2020 Taxation 2020-10-09 2020-10-09 Referred to the House Committee on Ways and Means. House Rep. Murphy, Stephanie N. [D-FL-7] FL D M001202 1 Required Minimum Distribution Modernization Act of 2020 This bill revises rules requiring mandatory minimum distributions from tax-exempt retirement plans. Specifically, it increases from 72 to 75 the age at which plan participants must being making distributions from their accounts. It also exempts defined contribution plans from mandatory distribution requirements if the aggregate value of an employee's entire interest in all such plans does not exceed $100,000. 2023-01-11T13:44:33Z https://www.congress.gov/bill/116th-congress/house-bill/8567

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