# 117-hr-6241: To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.

117-hr-6241, To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters., is a 117th Congress bill sponsored by Rep. Thompson, Mike [D-CA-4] (D-CA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-6241
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-6241
- Congress: 117
- Title: To amend the Internal Revenue Code of 1986 to provide for rules for the use of retirement funds in connection with federally declared disasters.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2021-12-09
- Sponsor: Rep. Thompson, Mike [D-CA-4] (D-CA)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill allows penalty-free distributions from tax-exempt retirement plans for a federally declared disaster (i.e., a qualified disaster recovery distribution). The bill defines qualified disaster recovery distribution as any distribution within a 180 day period after a disaster declaration that is made to an individual whose principal residence is located in a qualified disaster area (an area for which a major disaster has been declared) and who has sustained an economic loss due to the disaster. The bill sets forth rules for the recontribution of withdrawals from a plan for first-time home purchases or for purchases or construction of a principal residence in a disaster area, and increases the limit on loans from a qualified employer plan that an individual may take in lieu of a distribution.

## Cosponsors (1)

- Rep. Kelly, Mike [R-PA-16] (R-PA), 2021-12-09T00:00:00.000Z

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-8351: Formula Act
- 117-hr-7108: Suspending Normal Trade Relations with Russia and Belarus Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-1057: Greatest Generation Commemorative Coin Act
- 117-hr-8876: Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022

## Sources
- [117-hr-6241 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/6241)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-8351: Formula Act](https://policyrisk.com/legislation/117-hr-8351)
- [117-hr-7108: Suspending Normal Trade Relations with Russia and Belarus Act](https://policyrisk.com/legislation/117-hr-7108)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-1057: Greatest Generation Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1057)
- [117-hr-8876: Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022](https://policyrisk.com/legislation/117-hr-8876)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-6241 (as of 2025-11-18).