💲 If you take a hardship withdrawal, you will be able to continue contributions. Currently you are suspended for six months.
💲 You will be able to borrow against the full value of your account, rather than only your contributions.
💲 If you have an outstanding loan at termination of employment, you have until your income taxes are due (following April 15) to repay the loan and avoid a 10% tax penalty instead of the current 60 days.
In some ways these are good changes, on the other hand they may also encourage withdrawals and loans which is not good.