HR 3031
115th Congress
House
Government Operations and Politics
Government employee pay, benefits, personnel management
Members of Congress
TSP Modernization Act of 2017
Introduced: June 23, 2017
See on congress.gov
Everywhere this bill has been
19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 17, 2017
Signed by President.
Nov 17, 2017
Became Public Law No: 115-84.
Nov 8, 2017
Presented to President.
Nov 7, 2017
Message on Senate action sent to the House.
Nov 6, 2017
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7029)
Nov 6, 2017
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7029)
Oct 16, 2017
Received in the Senate, read twice.
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
Motion to reconsider laid on the table Agreed to without objection.
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
DEBATE - The House proceeded with forty minutes of debate on H.R. 3031.
Oct 11, 2017
Considered under suspension of the rules. (consideration: CR H7954-7955)
Oct 11, 2017
Mr. Russell moved to suspend the rules and pass the bill, as amended.
Oct 10, 2017
Placed on the Union Calendar, Calendar No. 248.
Oct 10, 2017
Reported by the Committee on Oversight and Government Reform. H. Rept. 115-343.
Jul 19, 2017
Ordered to be Reported by Voice Vote.
Jul 19, 2017
Committee Consideration and Mark-up Session Held.
Jun 23, 2017
Introduced in House
Jun 23, 2017
Referred to the House Committee on Oversight and Government Reform.
Plain-English summary
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.
What's happening now
Became Public Law No: 115-84.
Committees of jurisdiction
1