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|Ways and Means Committee Describes Portman-Cardin Bill|
U.S. House of Representatives, Committee on Ways and Means
Oct. 9, 2002
Press release. Excerpt: [L]awmakers reported favorable passage of two bills intended to bring relief to investors.... H.R. 5558, the Retirement Savings and Security Act of 2002, was reported favorably with a vote of 24-10.... H.R. 5558 increases the age at which Americans are required to begin withdrawing money out of their IRAs and 401(k) plans from 70-1/2 to 75 ... In addition, this bill accelerates the IRA, 401(k) plan, and catch-up contribution limits ...
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