S. 1656 (112th): Hardship Outlays to protect Mortgagee Equity (HOME) Act

Oct 05, 2011 (112th Congress, 2011–2013)
Died (Referred to Committee) in a previous session of Congress

This bill was introduced on October 5, 2011, in a previous session of Congress, but was not enacted.

Oct 05, 2011
John “Johnny” Isakson
Junior Senator from Georgia
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Last Updated
Oct 05, 2011
5 pages
Related Bills
H.R. 3104 (Related)
Hardship Outlays to protect Mortgagee Equity Act of 2011

Referred to Committee
Last Action: Oct 05, 2011

Full Title

A bill to amend the Internal Revenue Code of 1986 to provide penalty free distributions from certain retirement plans for mortgage payments with respect to a principal residence and to modify the rules governing hardship distributions.


No summaries available.


Senate Finance

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Primary Source

THOMAS.gov (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Hardship Outlays to protect Mortgagee Equity (HOME) Act - Amends the Internal Revenue Code to allow taxpayers to withdraw amounts from their tax-exempt pension and retirement plans, without incurring the 10% penalty otherwise imposed on such withdrawals, to make mortgage payments on their principal residences.

House Republican Conference Summary

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House Democratic Caucus Summary

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