H.R. 329, titled the "Expanding Penalty Free Withdrawal Act," seeks to amend the Internal Revenue Code of 1986 to help unemployed individuals access their retirement savings without penalties. Specifically, the bill allows individuals who have been unemployed for at least 26...
Simple Explanation
H.R. 329 wants to help people who don't have jobs by letting them take out some of their retirement money without paying a penalty if they've been unemployed for a long time, and it makes sure they only take out a safe amount.