HR 6493
114th Congress
House
Armed Forces and National Security
Service Members Financial Planning Assistance Act of 2016
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 8, 2016
Referred to the House Committee on Armed Services.
Dec 8, 2016
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Armed Services.
Committees of jurisdiction
1