,i  #aagth ,,congress  #ast ,session    
,h4 ,r4 #age  ,,in ,,the ,,house ,,of   
,,representatives  ,january #d1         
#bjba,mrs4 ,watson ,coleman 7for        
herself1 ,ms4 ,jayapal1 and ,ms4        
,jackson ,lee7 introduced the following 
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to expand the           
availability of penalty-free            
distributions to unemployed individuals 
from retirement plans4  #a4 ,short title
 ,this ,act may be cited as the         
,expanding ,penalty ,free ,withdrawal   
,act4  #b4 ,expansion of exception for  
penalty on early distributions to       
unemployed individuals from retirement  
plans  7a7 ,in general ,section         
#gb7t77#b7 of the ,internal ,revenue    
,code of #aihf is amended by adding at  
the end the following new subparagraph3 
7,i7 ,long-term unemployment            
distributions  7i7 ,in general          
,distributions to an individual after   

separation from employment-- 7,i7 if    
such individual has received            
unemployment compensation for #bf       
consecutive weeks under any ,federal or 
,state unemployment compensation law by 
reason of such separation 7or1 if less1 
for the maximum period for which        
unemployment compensation is available  
under ,state law applicable to the      
individual71 and  7,,ii7 if such        
distributions are made during any       
taxable year during which such          
unemployment compensation is paid or the
 succeeding taxable year4  7ii7         
,distributions after reemployment2      
self-employed individuals ,rules similar
 to the rules of clauses 7ii7 and 7iii7 
of subparagraph 7,d7 shall apply for    
purposes of this subparagraph4  7iii7   
,limitation ,clause 7i7 shall not apply 
to any distribution to the extent that  
such distribution exceeds the lesser    
of-- 7,i7 #ej1jjj1 reduced by the       
aggregate amount of distributions which 
are described in clause 7i7 from all    

plans of the individual during the      
#a-year period ending on the day before 
the date on which such distribution was 
made1 or  7,,ii7 the greater of #aj1jjj 
or one-half of the aggregate fair market
 value 7at the time of the distribution7
 of the individual's qualified          
retirement plans 7as defined in section 
#digd7;c77 and the nonforfeitable       
portion the individual's defined        
contribution plans4  7iv7 ,coordination 
with distributions to unemployed        
individuals for health insurance        
premiums ,distributions shall not be    
taken into account under this           
subparagraph if such distributions are  
described in subparagraph 7,d74  4  7b7 
,effective date ,the amendments made by 
this section shall apply to             
distributions made after ,december #ca1 
#bjbj4