Compassionate Retirement Act of 2021
Summary
Kathryn Manginelli Act of 2021 or the Compassionate Retirement Act of 2021 This bill allows premature distributions, without penalty, from tax-exempt retirement plans that are made to an individual who is certified by a physician as terminally ill. It also modifies the definition of terminally ill individual to increase from 24 to 84 the number of months after certification that an individual's illness can reasonably be expected to result in death.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 27, 2021
Last action May 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 27, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
May 27, 2021
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard Burr
RRepublican
Co
Chris Van Hollen
DDemocratic
Co
Michael F. Bennet
DDemocratic
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