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H.R. 807 106th Congress House

Federal Reserve Board Retirement Portability Act

Official title: To amend title 5, United States Code, to provide portability of service credit for persons who leave employment with the Federal Reserve Board to take positions with other Government agencies.

Introduced: February 23, 1999 See on congress.gov
Government Operations and Politics Armed Forces and National SecurityCivil Service pensionsCongressEconomics and Public Finance
More subjectsShow fewer subjects
Employment testsFederal Reserve SystemFederal employeesGovernment trust fundsLabor and EmploymentMembers of CongressPension portabilityTax-deferred compensation plansTaxationVeterans' preference
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 18 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 1999
Referred to Subcommittee on International Security.
Mar 17, 1999
Received in the Senate and read twice and referred to the Committee on Governmental Affairs.
Mar 16, 1999
The title of the measure was amended. Agreed to without objection.
Mar 16, 1999
Motion to reconsider laid on the table Agreed to without objection.
Mar 16, 1999
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Mar 16, 1999
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Mar 16, 1999
DEBATE - The House proceeded with forty minutes of debate on H.R. 807.
Mar 16, 1999
Considered under suspension of the rules. (consideration: CR H1281-1285)
Mar 16, 1999
Mr. Mica moved to suspend the rules and pass the bill, as amended.
Mar 16, 1999
Placed on the Union Calendar, Calendar No. 33.
Mar 16, 1999
Reported (Amended) by the Committee on Government Reform. H. Rept. 106-53.
Mar 10, 1999
Ordered to be Reported (Amended) by Voice Vote.
Mar 10, 1999
Committee Consideration and Mark-up Session Held.
Feb 25, 1999
Forwarded by Subcommittee to Full Committee by Voice Vote.
Feb 25, 1999
Subcommittee Consideration and Mark-up Session Held.
Feb 25, 1999
Referred to the Subcommittee on Civil Service.
Feb 23, 1999
Referred to the House Committee on Government Reform.
Feb 23, 1999
Introduced in House
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 Latest action April 2, 1999

Referred to Subcommittee on International Security.

 Plain-English summary Congressional Research Service
Federal Reserve Board Retirement Portability Act - Includes as creditable service for purposes of provisions governing the Federal Employees Retirement System (FERS) a period of service of an employee or Member of Congress (other than any service already creditable under FERS, any military service, and any service performed in the employ of a Federal Reserve Bank) that was creditable under the Bank Plan (the benefit structure in which employees of the Board of Governors of the Federal Reserve System appointed on or after January 1, 1984, participate), if the employee waives credit for such service under the Bank Plan and makes a payment to the Thrift Savings Fund equal to the amount that would have been deducted from pay had the employee been subject to FERS during such period of service (together with interest on such amount computed).

Excludes from the applicability of FERS provisions any employee or Member who has separated from civilian service after having been subject to the benefit structure for employees of the Board appointed before January 1, 1984, and having at least five years of civilian service (other than any service performed in the employ of a Federal Reserve Bank) creditable under such benefit structure, with specified exceptions for such persons who subsequently become subject to the Bank Plan and FERS provisions.

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Democratic 2
D
Hoyer, Steny H.
Maryland · Feb 23, 1999
 D
Norton, Eleanor Holmes
District of Columbia · Feb 23, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 807: Federal Reserve Board Retirement Portability Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-807/
MLA
"H.R. 807: Federal Reserve Board Retirement Portability Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-807/.
Bluebook (legal)
H.R. 807, 106th Cong. (2026), https://openamerica.io/bill/106-HR-807/.
Markdown link
[H.R. 807: Federal Reserve Board Retirement Portability Act](https://openamerica.io/bill/106-HR-807/)
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