Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
116-hr-8567116th Congress
Required Minimum Distribution Modernization Act of 2020
Sponsored By: Representative Murphy, Stephanie N. [D-FL-7]
Unknown
Summary
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Murphy, Stephanie N. [D-FL-7]
FL • D
Cosponsors
Rep. Estes, Ron [R-KS-4]
KS • R
Sponsored 10/9/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov