TSP Modernization Act of 2017
USA115th CongressHR-3031| House
| Updated: 11/17/2017
Elijah E. Cummings
Democratic Representative
Maryland
Cosponsors (8)
Oversight and Government Reform Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
Ordered to be Reported by Voice Vote.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 248.
Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.
Mr. Russell moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7954-7955)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3031.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7954)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7954)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate, read twice.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7029)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7029)
Message on Senate action sent to the House.
Latest Companion Bill Action
S 115-873Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson with an amendment. With written report No. 115-183.
Presented to President.
Signed by President.
Became Public Law No: 115-84.
Government Operations and Politics
Government employee pay, benefits, personnel managementMembers of Congress
TSP Modernization Act of 2017
USA115th CongressHR-3031| House
| Updated: 11/17/2017
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
Ordered to be Reported by Voice Vote.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 248.
Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.
Mr. Russell moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7954-7955)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3031.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7954)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7954)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate, read twice.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7029)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7029)
Message on Senate action sent to the House.
Latest Companion Bill Action
S 115-873Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson with an amendment. With written report No. 115-183.
Presented to President.
Signed by President.
Became Public Law No: 115-84.
Elijah E. Cummings
Democratic Representative
Maryland
Cosponsors (8)
Oversight and Government Reform Committee
Government Operations and Politics
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Government employee pay, benefits, personnel managementMembers of Congress