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A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.

USA116th CongressS-486| Senate 
| Updated: 2/14/2019
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (1)
Mark R. Warner (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.
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Timeline
Feb 14, 2019
Introduced in Senate
Feb 14, 2019
Read twice and referred to the Committee on Finance.
  • February 14, 2019
    Introduced in Senate


  • February 14, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-545: Financial Relief for Feds Act of 2019
  • HR 116-766: To allow penalty-free distributions from retirement accounts in the case of Federal employees and certain Federal contractors impacted by the Federal Government shutdown.
AppropriationsDistrict of ColumbiaEmployee benefits and pensionsExecutive agency funding and structureGovernment employee pay, benefits, personnel managementIncome tax exclusionIncome tax ratesPublic contracts and procurementState and local government operations

A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.

USA116th CongressS-486| Senate 
| Updated: 2/14/2019
This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 14, 2019
Introduced in Senate
Feb 14, 2019
Read twice and referred to the Committee on Finance.
  • February 14, 2019
    Introduced in Senate


  • February 14, 2019
    Read twice and referred to the Committee on Finance.
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (1)
Mark R. Warner (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-545: Financial Relief for Feds Act of 2019
  • HR 116-766: To allow penalty-free distributions from retirement accounts in the case of Federal employees and certain Federal contractors impacted by the Federal Government shutdown.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AppropriationsDistrict of ColumbiaEmployee benefits and pensionsExecutive agency funding and structureGovernment employee pay, benefits, personnel managementIncome tax exclusionIncome tax ratesPublic contracts and procurementState and local government operations