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Temporary Suspension of Retirement Plan Minimum Distributions in 2022

This bill temporarily suspends the requirement to take minimum distributions from certain retirement plans and accounts for the year 2022. This means individuals with such plans will not be forced to withdraw money this year, offering greater flexibility in managing their retirement savings.
Key points
No Required Withdrawals: You are not required to take money out of your retirement plan in 2022 if this change applies to you.
More Control Over Savings: You have more flexibility in deciding when and how much to withdraw from your retirement funds.
Also Applies to 2020: The bill also references the 2020 suspension, standardizing the rules.
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Additional Information
Print number: 117_HR_8331
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2022-07-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to temporarily suspend required minimum distribution rules for certain retirement plans and accounts.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8331.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-12.

What are the main provisions?

Key points include:

  • No Required Withdrawals: You are not required to take money out of your retirement plan in 2022 if this change applies to you.
  • More Control Over Savings: You have more flexibility in deciding when and how much to withdraw from your retirement funds.
  • Also Applies to 2020: The bill also references the 2020 suspension, standardizing the rules.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes