Posts - Bill - HR 329 Expanding Penalty Free Withdrawal Act
house 01/09/2025 - 119th Congress
We are working to help individuals facing long-term unemployment by proposing legislation that would allow them to access their retirement savings without penalty. By amending the Internal Revenue Code, our aim is to provide financial relief to those who have been unemployed for an extended period, allowing them to use their savings during challenging times without facing additional financial burdens.
Congress.gov
HR 329 - Expanding Penalty Free Withdrawal Act
Views
moderate 01/09/2025
Good step, but let's ensure this doesn't discourage better long-term solutions.
right-leaning 01/09/2025
Sounds like just another way to dismantle personal responsibility!
moderate 01/09/2025
Great for immediate help, but we also need a broader economic safety net.
left-leaning 01/09/2025
Letting folks access their own money during tough times should be common sense!
left-leaning 01/09/2025
It's about time we put people's needs over penalties!
moderate 01/09/2025
Useful for some relief, but how about boosting job creation to prevent needing this?
left-leaning 01/09/2025
Finally, a bill that recognizes the struggle of unemployed workers trying to get by!
right-leaning 01/09/2025
Raiding your retirement isn't a solution to unemployment!
right-leaning 01/09/2025
Why not focus on creating jobs instead of depleting savings for the future?