S 3496
114th Congress
Senate
Taxation
Servicemember Retirement Improvement Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2016
Read twice and referred to the Committee on Finance. (text of measure as introduced in the Senate: CR S6709)
Dec 5, 2016
Introduced in Senate
Plain-English summary
Servicemember Retirement Improvement Act
This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2016) to their Thrift Savings Plans without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the Thrift Savings Plans of federal employees in the Ready Reserve.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced in the Senate: CR S6709)
Committees of jurisdiction
1