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Ros-Lehtinen Co-Sponsors Bill That Allows Withdrawals From Retirement Savings For Those Affected By The Oil Spill; Will Participate In Briefing Regarding Relief Efforts & Conference Call With The Secretary of The Navy

Press Release

Location: Washington, DC

Congresswoman Ileana Ros-Lehtinen, a senior member of the Florida Congressional Delegation, co-sponsored a bill that would allow penalty free withdrawals from retirement savings for persons affected by the Deepwater Horizon oil spill in the Gulf. Congresswoman Ros-Lehtinen believes that this bill can aid families and small businesses affected by this disaster.

The "Gulf Coast Access to Savings Act" would allow penalty free withdrawals of up to $50,000 from retirement plans for those affected by the oil spill. Many families in the Gulf States are desperately fighting for survival confronting the double whammy of the Great Recession and now the oil spill, others are unable to secure a loan because of stringent lending practices or they simply need the money to meet payroll or remain a viable business entity. This legislation offers the option of access to extra income for those who need it. The legislation is being sponsored by Congressmen Adam Putnam (R-FL) and Charles Boustany Jr. (R-LA).

Ileana will also attend a Congressional briefing this week hosted by Thad Allen, Carol Browner and Lisa Jackson. During last week's briefing, the Congresswoman asked Allen to use South Florida fishermen for oil spotting and cleanup. She also asked all Administration officials present to continue pressing BP to pay for Hazmat training for South Floridians who want to help and to harness the people power that has been so present throughout the Gulf States.

Tomorrow, Wednesday, June 30th, the Congresswoman will participate in a conference call with Ray Mabus, Secretary of the Navy, to discuss Gulf of Mexico restoration efforts for the Deepwater Horizon oil spill.

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