TSP Modernization Act of 2017

Bill: 115-hr-3031
Sponsor: Rep. Cummings, Elijah E. [D-MD-7]
Introduced: 2017-06-23 in the House
Policy area: Government Operations and Politics
Subjects: Government employee pay, benefits, personnel management
Members of Congress

Summary:
action_date: 2017-06-23
text: 

TSP Modernization Act of 2017

 
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.
action_date: 2017-10-10
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 

TSP Modernization Act of 2017

 
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. 

action_date: 2017-10-11
text: 

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. 

action_date: 2017-11-06
text: 

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. 

action_date: 2017-11-17
text: 

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. 


Legislative actions:
action_date: 2017-11-17
text: Signed by President.
action_date: 2017-11-17
text: Signed by President.
action_date: 2017-11-08
text: Presented to President.
action_date: 2017-11-08
text: Presented to President.
action_date: 2017-11-07
text: Message on Senate action sent to the House.
action_date: 2017-11-06
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S7029)
action_date: 2017-11-06
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7029)
action_date: 2017-10-16
text: Received in the Senate, read twice.
action_date: 2017-10-11
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2017-10-11
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7954)
action_date: 2017-10-11
text: 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)
action_date: 2017-10-11
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3031.
action_date: 2017-10-11
text: Considered under suspension of the rules. (consideration: CR H7954-7955)
action_date: 2017-10-11
text: Mr. Russell moved to suspend the rules and pass the bill, as amended.
action_date: 2017-10-10
text: Placed on the Union Calendar, Calendar No. 248.
action_date: 2017-10-10
text: Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.
action_date: 2017-10-10
text: Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.
action_date: 2017-07-19
text: Ordered to be Reported by Voice Vote.
action_date: 2017-07-19
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-06-23
text: Referred to the House Committee on Oversight and Government Reform.
action_date: 2017-06-23
text: Introduced in House
action_date: 2017-06-23
text: Introduced in House

Enacted as: number: 115-84