131 STAT. 1272 PUBLIC LAW 115–84—NOV. 17, 2017 

Public Law 115–84 

115th Congress 

An Act 

To amend title 5, United States Code, to provide for flexibility in making withdrawals 

from a Thrift Savings Plan account, and for other purposes. 

Be it enacted by the Senate and House of Representatives of 

the United States of America in Congress assembled, 

SECTION 1. SHORT TITLE. 

This Act may be cited as the ‘‘TSP Modernization Act of 2017’’. 

SEC. 2. THRIFT SAVINGS PLAN ACCOUNT WITHDRAWAL FLEXIBILITY. 

(a) POST-SEPARATION PARTIAL WITHDRAWALS.—Section 8433(c) 

of title 5, United States Code, is amended— 

(1) in paragraph (1)— 

(A) by striking ‘‘and who has not made a withdrawal 

under subsection (h)(1)(A) may make one withdrawal’’ and 

inserting ‘‘may make one or more withdrawals’’; and 

(B) by striking ‘‘as a single payment’’ and inserting 

‘‘in the same manner as a single payment is made’’; and 

(2) by adding at the end the following: 

‘‘(5) Withdrawals under this subsection shall be subject to such 

other limitations or conditions as the Executive Director may prescribe by regulation.’’. 

(b) LIMITATION ON RETURN OF PAYMENT RELATING TO A CHANGE

IN ELECTION.—Section 8433(d) of title 5, United States Code, is 

amended— 

(1) in paragraph (1), by inserting ‘‘, except that in the 

case of an election to receive an annuity, a former employee 

or Member may not change an election under this section 

on or after the date on which an annuity contract is purchased 

to provide for the annuity elected by the former employee 

or Member’’ after ‘‘this subchapter’’; and 

(2) in paragraph (2)— 

(A) by striking ‘‘change an’’ and inserting ‘‘return a 

payment that was made pursuant to an’’; and 

(B) by striking ‘‘on or after’’ and all that follows through 

‘‘the former employee or Member’’. 

(c) ELIMINATION OF AUTOMATIC ANNUITY IN ABSENCE OF ELECTION.—Section 8433(f) of title 5, United States Code, is amended— 

(1) by striking ‘‘(1) Notwithstanding’’ and inserting ‘‘Notwithstanding’’; 

(2) by striking ‘‘this paragraph’’ and inserting ‘‘this subsection’’; and 

(3) by striking paragraph (2). 

TSP 

Modernization 

Act of 2017. 

5 USC 101 note. 

Nov. 17, 2017 

[H.R. 3031] 

PUBLIC LAW 115–84—NOV. 17, 2017 131 STAT. 1273 

LEGISLATIVE HISTORY—H.R. 3031 (S. 873): 

HOUSE REPORTS: No. 115–343 (Comm. on Oversight and Government Reform). 

SENATE REPORTS: No. 115–183 (Comm. on Homeland Security and Governmental 

Affairs) accompanying S. 873. 

CONGRESSIONAL RECORD, Vol. 163 (2017): 

Oct. 11, considered and passed House. 

Nov. 6, considered and passed Senate. 

Æ 

(d) ALLOWANCE OF MULTIPLE AGE-BASED IN-SERVICE WITH- DRAWALS.—Section 8433(h) of title 5, United States Code, is 

amended— 

(1) by striking paragraph (2); 

(2) by redesignating paragraphs (3), (4), and (5) as paragraphs (2), (3), and (4), respectively; and 

(3) in paragraph (3), as so redesignated, by inserting 

‘‘limitations or’’ before ‘‘conditions’’. 

(e) TECHNICAL AMENDMENT.—Section 8432b(h)(2)(A) of title 5, 

United States Code, is amended by striking ‘‘section 8433(d), or 

paragraph (1) or (2) of section 8433(h)’’ and inserting ‘‘subsection 

(d) or (f) of section 8433’’. 

(f) REGULATIONS.—As soon as is practicable, as determined 

by the Executive Director of the Federal Retirement Thrift Investment Board, but not later than 2 years after the date of enactment 

of this Act, the Executive Director shall prescribe such regulations 

as are necessary to carry out the amendments made by this section. 

(g) EFFECTIVE DATE.—The amendments made by this section 

shall take effect on the date on which the regulations prescribed 

under subsection (f) take effect. 

Approved November 17, 2017. 

5 USC 8432b 

note. 

Time period. 

5 USC 8433 note.