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S. 873 115th Congress Senate

TSP Modernization Act of 2017

Official title: A bill to amend section 8433 of title 5, United States Code, to provide for flexibility in making withdrawals from the Thrift Savings Fund.

Introduced: September 5, 2017 See on congress.gov
Government Operations and Politics Employee benefits and pensionsGovernment employee pay, benefits, personnel management
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 260.
Nov 8, 2017
Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson with an amendment. With written report No. 115-183.
Jul 26, 2017
Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
Apr 6, 2017
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Apr 6, 2017
Introduced in Senate
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 Latest action November 8, 2017

Placed on Senate Legislative Calendar under General Orders. Calendar No. 260.

 Plain-English summary Congressional Research Service

TSP Modernization Act of 2017

This bill modifies the rules relating to withdrawals from the Thrift Saving Plan (TSP) 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 withdrawal election deadline (i.e., by April 1 of the year after the year in which the plan participant turns 70-1/2 or is separated from service); and (2) the limitation on age-based in-service withdrawals.

 Related & companion bills 1
  • HR 3031 TSP Modernization Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Kaine, Tim
Virginia · Sep 25, 2017
 D
Duckworth, Tammy
Illinois · Sep 5, 2017
 R
Rounds, Mike
South Dakota · Sep 5, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 873: TSP Modernization Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-873/
MLA
"S. 873: TSP Modernization Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-873/.
Bluebook (legal)
S. 873, 115th Cong. (2026), https://openamerica.io/bill/115-S-873/.
Markdown link
[S. 873: TSP Modernization Act of 2017](https://openamerica.io/bill/115-S-873/)
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