S 486
116th Congress
Senate
Taxation
Appropriations
District of Columbia
Employee benefits and pensions
Executive agency funding and structure
Government employee pay, benefits, personnel management
Income tax exclusion
Income tax rates
Public contracts and procurement
State and local government operations
A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.
Introduced: February 14, 2019
Introduced by:
Cassidy, Bill
Republican
· Louisiana
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2019
Read twice and referred to the Committee on Finance.
Feb 14, 2019
Introduced in Senate
Plain-English summary
This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1