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H.R. 3031 · 115th Congress

TSP Modernization Act of 2017

Law · 115-84
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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.

8 cosponsors · 6 D, 2 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. House Introduced Jun 23, 2017
  2. House Passed Oct 11, 2017
  3. Senate Passed Nov 6, 2017
  4. President To the President Nov 8, 2017
  5. President Signed Nov 17, 2017

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.

What it does: CRS summary · Public Law · Nov 17, 2017

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: TSP Modernization Act of 2017

Latest action (Nov 17, 2017): Signed by President.

Policy area: Government Operations and Politics · Origin: House · Introduced: Jun 23, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. House Introduced Jun 23, 2017
  2. House Passed Oct 11, 2017
  3. Senate Passed Nov 6, 2017
  4. President To the President Nov 8, 2017
  5. President Signed Nov 17, 2017

No recorded floor vote found.