To amend the Internal Revenue Code of 1986 to waive early withdrawal penalties from retirement accounts for victims of fraud.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to waive early withdrawal penalties from retirement accounts for victims of fraud., changes federal law or congressional policy affecting law enforcement, courts, victims, and regulated public-safety actors. The main policy domain is Criminal Justice, Environment, Finance.
Who Benefits and How
law enforcement, courts, victims, and regulated public-safety actors may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, law enforcement, courts, victims, and regulated public-safety actors may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H6DC35E8E05D34AA7BDD9C5094708E5E1: 1. Short title This Act may be cited as the No Penalties for Victims of Fraud Act.
- Section HBDF5E5E741E14B349B5CB2AFB11C4DE1: 2. Waiver of early withdrawal penalties for victims of fraud Section 72(t)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the...
- Section H596B60E2EB7A4E9EA5AB3C24820E0177: 3. Information and outreach Not later than 180 days after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary’s delegate)...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to waive early withdrawal penalties from retirement accounts for victims of fraud., changes federal law or congressional policy affecting law enforcement, courts, victims, and regulated public-safety actors.
Key Policy Areas
Criminal Justice, Environment, Finance
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to waive early withdrawal penalties from retirement accounts for victims of fraud., changes federal law or congressional policy affecting law enforcement, courts, victims, and regulated public-safety actors.
Policy Domains
Whole bill
Identified Gains
- law enforcement, courts, victims, and regulated public-safety actors
Identified Costs
- federal implementing agencies
- law enforcement, courts, victims, and regulated public-safety actors
Legislative Progress
IntroducedMs. Stevens introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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