What is the official ID of this bill?

The official print number for this legislation is HR 2953.

When did the legislative process begin?

The process officially started on 2021-05-04.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr2953/BILLS-117hr2953ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Who is the primary sponsor?

The primary sponsor is Rep. McBath, Lucy [D-GA-6].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Analysis and Potential Impact of HR 2953

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Penalty-Free Retirement Withdrawals for Domestic Abuse Victims

Q: What are the main provisions?

Key points include: Allows penalty-free withdrawals of up to $10,000 or 50% of the retirement plan's value (whichever is less). Withdrawals must occur within one year of being a victim of domestic abuse (physical, psychological, sexual, emotional, or economic). Funds can be repaid to the retirement plan within three years, potentially avoiding taxation on the withdrawn amount.

New legislation allows domestic abuse victims to withdraw up to $10,000 from retirement plans without additional tax penalties. This money can be used to escape and rebuild their lives. There is an option to repay the withdrawn amount within three years, which can help avoid taxation.

Key points

Allows penalty-free withdrawals of up to $10,000 or 50% of the retirement plan's value (whichever is less).

Withdrawals must occur within one year of being a victim of domestic abuse (physical, psychological, sexual, emotional, or economic).

Funds can be repaid to the retirement plan within three years, potentially avoiding taxation on the withdrawn amount.

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Additional Information

SAFER Act

Print number: HR 2953

Sponsor: Rep. McBath, Lucy [D-GA-6]

Process start date: 2021-05-04

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Penalty-Free Retirement Withdrawals for Domestic Abuse Victims

Key Questions about Penalty-Free Retirement Withdrawals for Domestic Abuse Victims