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Required Minimum Distribution Modernization Act of 2020

USA116th CongressHR-8567| House 
| Updated: 10/9/2020
Stephanie N. Murphy

Stephanie N. Murphy

Democratic Representative

Florida

Cosponsors (1)
Ron Estes (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
Oct 9, 2020
Introduced in House
Oct 9, 2020
Referred to the House Committee on Ways and Means.
  • October 9, 2020
    Introduced in House


  • October 9, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 116-8696: Securing a Strong Retirement Act of 2020
Bank accounts, deposits, capitalDisability and paralysisEmployee benefits and pensionsIncome tax exclusionInflation and pricesInterest, dividends, interest rates

Required Minimum Distribution Modernization Act of 2020

USA116th CongressHR-8567| House 
| Updated: 10/9/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 9, 2020
Introduced in House
Oct 9, 2020
Referred to the House Committee on Ways and Means.
  • October 9, 2020
    Introduced in House


  • October 9, 2020
    Referred to the House Committee on Ways and Means.
Stephanie N. Murphy

Stephanie N. Murphy

Democratic Representative

Florida

Cosponsors (1)
Ron Estes (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HR 116-8696: Securing a Strong Retirement Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalDisability and paralysisEmployee benefits and pensionsIncome tax exclusionInflation and pricesInterest, dividends, interest rates