Overview:
This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. [Last Updated: Apr 14, 2011 6:17AM]
Last Action: Apr 13, 2011: Referred to the House Committee on Ways and Means.
Summaries:
Congressional Research Service Summary
The following summary was written by the Congressional Research Service, a well-respected nonpartisan arm of the Library of Congress. GovTrack did not write and has no control over these summaries.
Apr 13, 2011--Introduced.
Rep. Bill Posey [R-FL15] introduced H.R. 1526: To amend the Internal Revenue Code of 1986 to except from the early distribution penalty certain qualified retirement plan distributions used to purchase a residence that has been in foreclosure for a year or more.
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