The US Internal Revenue Service has released proposed regulations requiring retirement plans to eliminate the six-month suspension for hardship withdrawals made on and after January 1, 2020, with the option to eliminate it earlier, and providing important clarifications for plan sponsors on other hardship requirements. Please see our LawFlash for more information about these proposed regulations, including next steps. If you have questions about the proposed regulations, please feel free to reach out to the authors or your Morgan Lewis contact.