To amend title 5, United States Code, to allow spouses of uniformed service members to make contributions towards such member's Thrift Savings Fund account, and for other purposes.

Bill: 116-hr-6030
Sponsor: full_name: Rep. Kelly, Trent [R-MS-1]
Introduced: 2020-02-28
Policy area: Government Operations and Politics
Subjects: Employee benefits and pensions

Family relationships

Income tax deferral

Marriage and family status

Military personnel and dependents

National Guard and reserves
Latest action: action_date: 2020-02-28
text: Referred to the House Committee on Oversight and Reform.

Summaries:
action_date: 2020-02-28
action_desc: Introduced in House
text: <p>This bill allows the spouse of a member of the uniformed services to contribute to the member's Thrift Savings Fund account from the spouse's retirement plan.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6030 IN THE HOUSE OF REPRESENTATIVES February 28, 2020 Mr. Kelly of Mississippi introduced the following bill; which was referred to the Committee on Oversight and Reform A BILL To amend title 5, United States Code, to allow spouses of uniformed service members to make contributions towards such members' Thrift Savings Fund account, and for other purposes.

1. Spousal contributions to uniformed service member TSP accounts (a) In general Section 8440e of title 5, United States Code, is amended by adding at the end the following: (f) In the case of a married individual who does not have an account in the Thrift Savings Fund and whose spouse is a member with an account in the Fund, such individual may transfer or contribute to such member’s account amounts from any eligible retirement plan (as defined in section 402(c)(8)(B) of the Internal Revenue Code of 1986) of the individual in the same manner as such spouse may so transfer or contribute to such account from such a plan. . (b) Regulations Not later than 90 days after the date of enactment of this Act, the Executive Director of the Federal Retirement Thrift Investment Board shall issue regulations to carry out section 8440e(f) of title 5, United States Code, as added by subsection (a).