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HR 3031 - 115

TSP Modernization Act of 2017

Became Public Law No: 115-84.

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H.R. 3031, TSP Modernization Act of 2017

Aug 16, 2017

As ordered reported by the House Committee on Oversight and Government Reform on July 19, 2017

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Summary

49 Public Law Apr 6, 2018

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.

82 Passed Senate without amendment Apr 6, 2018

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.

36 Passed House amended Apr 5, 2018

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.

79 Reported to House without amendment Mar 28, 2018

(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.

00 Introduced in House Mar 28, 2018

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.

Sponsors

Timeline

Nov 17, 2017

Signed by President.

Nov 17, 2017

Signed by President.

Nov 17, 2017

Became Public Law No: 115-84.

Nov 17, 2017

Became Public Law No: 115-84.

Nov 8, 2017

Presented to President.

Nov 8, 2017

Presented to President.

Nov 7, 2017

Message on Senate action sent to the House.

Nov 6, 2017

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7029)

Nov 6, 2017

Passed Senate without amendment by Unanimous Consent. (consideration: CR S7029)

Oct 16, 2017

Received in the Senate, read twice.

Oct 11, 2017

Mr. Russell moved to suspend the rules and pass the bill, as amended.

Oct 11, 2017

Considered under suspension of the rules. (consideration: CR H7954-7955)

Oct 11, 2017

DEBATE - The House proceeded with forty minutes of debate on H.R. 3031.

Oct 11, 2017

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)

Oct 11, 2017

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7954)

Oct 11, 2017

Motion to reconsider laid on the table Agreed to without objection.

Oct 10, 2017

Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.

Oct 10, 2017

Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.

Oct 10, 2017

Placed on the Union Calendar, Calendar No. 248.

Jul 19, 2017

Committee Consideration and Mark-up Session Held.

Jul 19, 2017

Ordered to be Reported by Voice Vote.

Jun 23, 2017

Introduced in House

Jun 23, 2017

Introduced in House

Jun 23, 2017

Referred to the House Committee on Oversight and Government Reform.

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Amendments

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