H.R. 6493 · 114th Congress
Service Members Financial Planning Assistance Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
VeaseySponsorNo cosponsors.
This bill amends the National Defense Authorization Act for Fiscal Year 2016, effective as of January 1, 2018, to require the department concerned (Department of the Army, Navy, Air Force, Homeland Security, or Commerce) to ensure that certain members of the uniformed services who will be eligible to make an election of lump sum payment of certain military…
What it does: CRS summary · Introduced in House · Dec 8, 2016
Service Members Financial Planning Assistance Act of 2016
This bill amends the National Defense Authorization Act for Fiscal Year 2016, effective as of January 1, 2018, to require the department concerned (Department of the Army, Navy, Air Force, Homeland Security, or Commerce) to ensure that certain members of the uniformed services who will be eligible to make an election of lump sum payment of certain military retired pay have access to retirement planning assistance with a certified financial planner, at no cost, by December 30, 2017, to help weigh the potential benefits and drawbacks of making such election and of selecting a particular payment percentage.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Service Members Financial Planning Assistance Act of 2016
Latest action (Dec 8, 2016): Referred to the House Committee on Armed Services.
Policy area: Armed Forces and National Security · Origin: House · Introduced: Dec 8, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.