US Congress Senate Bill 873 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on April 6 2017 - 25% progression, died in chamber
Action: 2017-11-08 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 260.
Text: Latest bill text (Introduced) [PDF]

TSP Modernization Act of 2017 This bill modifies the rules relating to withdrawals from the Thrift Saving Plan (TSP) 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 withdrawal election deadline (i.e., by April 1 of the year after the year in which the plan participant turns 70-1/2 or is separated from service); and (2) the limitation on age-based in-service withdrawals.

TSP Modernization Act of 2017

Sen. Rob Portman [R-OH]	Sen. Thomas Carper [D-DE]	Sen. Tammy Duckworth [D-IL]	Sen. Mike Rounds [R-SD]
Sen. Tim Kaine [D-VA]

Date	Chamber	Action
2017-11-08	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 260.
2017-11-08	Senate	Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson with an amendment. With written report No. 115-183.
2017-07-26	Senate	Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
2017-04-06	Senate	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

HB3031 (Related) 2017-11-17 - Became Public Law No: 115-84. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/873/all-info
Text	https://www.congress.gov/115/bills/s873/BILLS-115s873is.pdf
Text	https://www.congress.gov/115/bills/s873/BILLS-115s873rs.pdf