TSP Modernization Act of 2017 became law, with cosponsors from both parties
IntroducedJun 23, 2017
ReportedJul 19, 2017
Passed one chamberOct 11, 2017
Passed bothNov 6, 2017
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 95 words.
TSP Modernization Act of 2017
(Sec. 2) This bill modifies the rules relating to withdrawals from the Thrift Savings Plan accounts of former federal employees and Members of Congress. Under current law, such employees and Members may make only one partial withdrawal upon reaching age 59-1/2 while employed or one withdrawal after retirement. The bill permits an unlimited number of such withdrawals. The bill also eliminates: (1) the automatic annuity as a default option if the plan participant does not make an election to establish an annuity, and (2) the limitation on age-based in-service withdrawals.
Context
- Committees
- House Oversight and Accountability Committee
- Policy area
- Government Operations and Politics: 580 of 5,914 bills became law, 113th–118th (9.8%)
- Sponsor
- 5 of 85 bills enacted since 2013
- Text versions
- 6, from enrolled bill to public law · 737 words
- Subjects
- Government employee pay, benefits, personnel managementMembers of Congress
- Latest action
- Nov 17, 2017: Signed by President.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 1
Each bill appears once, under its strongest link. 1 in all.
Related, per CRS or House · 1
- 115th S. 873 TSP Modernization Act of 2017 R · Reported
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]