# 118-hr-585: Expanding Penalty Free Withdrawal Act

118-hr-585, Expanding Penalty Free Withdrawal Act, is a 118th Congress bill sponsored by Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ); status Referred to the House Committee on Ways and Means. (as of 2026-10-15).

- Canonical: https://policyrisk.com/legislation/118-hr-585
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 118-hr-585
- Congress: 118
- Title: Expanding Penalty Free Withdrawal Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2023-01-26
- Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2026-10-15

## Summary

Expanding Penalty Free Withdrawal Act

## Cosponsors (2)

- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2023-01-26T00:00:00.000Z
- Rep. Peltola, Mary Sattler [D-AK-At Large] (D-AK), 2023-03-07T00:00:00.000Z

## Related bills

- 118-hr-2882: Further Consolidated Appropriations Act, 2024
- 118-hr-4583: Social Security 2100 Act
- 118-hr-82: Social Security Fairness Act of 2023
- 118-hconres-130: Commending State and local governments for championing reproductive rights as human rights.
- 118-hr-9662: Homes Act of 2024
- 118-hr-9196: Pregnancy Empowerment Act of 2024

## Sources
- [118-hr-585 on Congress.gov](https://www.congress.gov/bill/118th-congress/house-bill/585)

## Related
- [118-hr-2882: Further Consolidated Appropriations Act, 2024](https://policyrisk.com/legislation/118-hr-2882)
- [118-hr-4583: Social Security 2100 Act](https://policyrisk.com/legislation/118-hr-4583)
- [118-hr-82: Social Security Fairness Act of 2023](https://policyrisk.com/legislation/118-hr-82)
- [118-hconres-130: Commending State and local governments for championing reproductive rights as h…](https://policyrisk.com/legislation/118-hconres-130)
- [118-hr-9662: Homes Act of 2024](https://policyrisk.com/legislation/118-hr-9662)
- [118-hr-9196: Pregnancy Empowerment Act of 2024](https://policyrisk.com/legislation/118-hr-9196)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/118-hr-585 (as of 2026-10-15).