She will exempt victims of retirement account fraud from early withdrawal tax penalties and allow documented fraud victims to repay withdrawn amounts without penalties.

The No Penalties for Victims of Fraud Act is designed to ease the financial impact on fraud victims by waiving early withdrawal penalties for those affected. Key provisions include: Allowing fraud victims to avoid withdrawal penalties from eligible retirement accounts if they can document fraud losses through law enforcement or court verification. Letting victims choose to repay the withdrawn amount without penalties

Stevens introduced legislation to waive early withdrawal penalties for documented victims of retirement account fraud and let them repay withdrawn amounts without penalties.

Rep. Haley Stevens (D-MI) Introduced Bill to Stop Government from Penalizing Fraud Victims | Congresswoman Haley Stevens
secondary · other · model gpt-5.5

IRS states that early IRA or retirement-plan withdrawals generally face an additional 10% tax unless an exception applies, and its listed exceptions include age, death, disability, disaster recovery, domestic abuse, education, emergency expenses, IRS levy, medical expenses, military reservists, rollovers, terminal illness, and unemployment health insurance, but not retirement-account fraud or documented fraud-victim status.

Current IRS guidance does not show an early-withdrawal penalty exception for retirement account fraud victims, which weighs against fulfillment of the specific promise.

never later_term

IRS: Retirement topics - Exceptions to tax on early distributions
secondary · model gpt-5.5 · confidence 93%

The 2025 IRS Form 5329 instructions list exception numbers 01 through 23 for early retirement-plan distributions. The list includes domestic abuse victims and emergency expense distributions, but it does not include retirement-account fraud, documented fraud victims, or a fraud-victim repayment exception.

The operative tax-reporting instructions for claiming early-distribution exceptions omit the promised fraud-victim category.

never later_term

IRS: Instructions for Form 5329 (2025)
secondary · model gpt-5.5 · confidence 92%

Section 314 added a penalty-free retirement-plan withdrawal category for domestic abuse victims and states that the amount distributed may be repaid. The enacted text defines the eligible victim category around domestic abuse by a spouse or domestic partner, not retirement-account fraud generally.

Congress enacted a related penalty-free withdrawal and repayment rule for domestic abuse victims, but not the promised fraud-victim rule.

partial same_term A for effort

Public Law 117-328, Consolidated Appropriations Act, 2023 / SECURE 2.0 Act
secondary · model gpt-5.5 · confidence 86%

The House Clerk records Roll Call 549 on H.R. 2617 as passed, and lists Rep. Stevens of Michigan voting Yea. That bill became Public Law 117-328, which included SECURE 2.0 retirement provisions but not a general retirement-account-fraud-victim penalty exception.

Stevens voted for a broader retirement package with some related penalty relief, but the package did not fulfill the specific fraud-victim promise.

partial same_term A for effort

Office of the Clerk, U.S. House: Roll Call 549, H.R. 2617
secondary · model gpt-5.5 · confidence 84%

Congress.gov identifies Haley M. Stevens as a Democratic House member from Michigan District 11 serving in the 116th through 119th Congresses, 2019 to present, with member activity including sponsored and cosponsored legislation across those Congresses.

This establishes the relevant federal service window for assessing whether the promise was delivered during Stevens's House tenure.

unresolved unknown

Representative Haley M. Stevens - Congress.gov Member Profile
secondary · model gpt-5.5 · confidence 98%