What is the official ID of this bill?

The official print number for this legislation is HR 9081.

When did the legislative process begin?

The process officially started on 2024-07-22.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/hr9081/BILLS-118hr9081ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

Who is the primary sponsor?

The primary sponsor is Rep. Feenstra, Randy [R-IA-4].

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 9081

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.

Iowa Storm Relief Tax Act: Retirement Access and Charitable Deduction Boost.

Q: What are the main provisions?

Key points include: Allows withdrawal of up to $100,000 from retirement accounts (like 401k, IRA) without the 10% early withdrawal penalty for disaster-related needs. Withdrawn funds can be repaid to the retirement plan within 3 years to avoid taxation, or the tax liability can be spread over 3 years. Increases the maximum retirement plan loan limit to $100,000 and delays repayment deadlines for existing loans by one year. Temporarily removes tax deduction limits for cash charitable contributions made specifically for Iowa disaster relief efforts.

This Act provides immediate tax relief for residents in specific Iowa counties affected by 2024 storms. It allows affected individuals to withdraw up to $100,000 from retirement plans without the early withdrawal penalty, spreading the income tax liability over three years. Additionally, it increases limits on retirement plan loans and temporarily removes deduction caps for cash donations aimed at disaster relief.

Key points

Allows withdrawal of up to $100,000 from retirement accounts (like 401k, IRA) without the 10% early withdrawal penalty for disaster-related needs.

Withdrawn funds can be repaid to the retirement plan within 3 years to avoid taxation, or the tax liability can be spread over 3 years.

Increases the maximum retirement plan loan limit to $100,000 and delays repayment deadlines for existing loans by one year.

Temporarily removes tax deduction limits for cash charitable contributions made specifically for Iowa disaster relief efforts.

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Additional Information

Storm Recovery and Community Restoration Act

Print number: HR 9081

Sponsor: Rep. Feenstra, Randy [R-IA-4]

Process start date: 2024-07-22

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-09-2025

Source data: api.congress.gov

AI work logs for this document launch

Iowa Storm Relief Tax Act: Retirement Access and Charitable Deduction Boost.

Key Questions about Iowa Storm Relief Tax Act: Retirement Access and Charitable Deduction Boost.