Title: Financial Independence for Disabled Veterans Act of 2017
Policy area: Armed Forces and National Security

Summary:
Financial Independence for Disabled Veterans Act of 2017
This bill requires the Federal Retirement Thrift Investment Board to prescribe regulations to permit continued participation in the Thrift Savings Plan (TSP) by a member of the uniformed services after such member's discharge or release from service if such individual is entitled to veterans disability compensation.
For purposes of provisions regarding TSP contributions, such individual's monthly veterans disability compensation shall be deemed to be his or her basic pay for a monthly pay period, but such individual's contribution shall not require or authorize a matching government contribution.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4262 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4262

 To authorize members and former members of the uniformed services who 
    are entitled to veterans disability compensation to continue to 
   participate in the Thrift Savings Plan through the deduction and 
 deposit of a percentage of their veterans disability compensation to 
                        the Thrift Savings Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 6, 2017

  Mr. Walker introduced the following bill; which was referred to the 
              Committee on Oversight and Government Reform

_______________________________________________________________________

                                 A BILL


 
 To authorize members and former members of the uniformed services who 
    are entitled to veterans disability compensation to continue to 
   participate in the Thrift Savings Plan through the deduction and 
 deposit of a percentage of their veterans disability compensation to 
                        the Thrift Savings Fund.

    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 ``Financial Independence for Disabled 
Veterans Act of 2017''.

SEC. 2. DISABLED VETERANS CONTINUED PARTICIPATION IN THRIFT SAVINGS 
              PLAN.

    (a) Participation Authorized.--The Executive Director of the 
Federal Retirement Thrift Investment Board shall prescribe regulations 
to permit the continued participation in the Thrift Savings Plan by a 
member of the uniformed services after the discharge or release of the 
member from service in the uniformed services if the member or former 
member is entitled to veterans disability compensation.
    (b) Contributions.--For purposes of section 8432 of title 5, United 
States Code, the monthly veterans disability compensation of a member 
or former member of the uniformed services shall be deemed to be basic 
pay for a monthly pay period.
    (c) Matching Contributions Prohibited.--The deduction and deposit 
in the Thrift Savings Fund of a percentage of the veterans disability 
compensation of a member or former member of the uniformed services 
does not require or authorize Government contributions under section 
8432 of title 5, United States Code, or any other provision of law.
    (d) Veterans Disability Compensation Defined.--In this section, the 
term ``veterans disability compensation'' has the meaning given the 
term ``compensation'' in section 101(13) of title 38, United States 
Code.
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