There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/01/2005)

401(k) Penalty Relief Act of 2005 - Amends the Internal Revenue Code to waive the penalty for premature distributions from a 401(k) retirement plan for employee hardship distributions due to the bankruptcy of an employer, the termination of a retirement plan, or the closure of a facility of the employer.