US Congress Senate Bill 492 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on March 2 2017 - 25% progression, died in committee
Action: 2017-03-02 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1580)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Servicemember Retirement Improvement Act This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2017) to their Thrift Savings Plans (TSPs) without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the TSPs of federal employees in the Ready Reserve who are not eligible to make contributions to any plan other than the TSP.

Servicemember Retirement Improvement Act

Sen. John Cornyn [R-TX]

Sen. Robert Casey [D-PA]

Date	Chamber	Action
2017-03-02	Senate	Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1580)

HB1317 (Same As) 2017-03-02 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/492/all-info
Text	https://www.congress.gov/115/bills/s492/BILLS-115s492is.pdf