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H.R. 3031: TSP Modernization Act of 2017

About the bill

Source: Republican Policy Committee

H.R. 3031 modernizes the Thrift Savings Plan by providing users with additional options to manage their invested funds, including the ability to make multiple post-separation partial withdrawals and to make multiple in-service age-based withdrawals once the participant has reached the age of 59 ½.

The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of ...

Sponsor and status

Elijah Cummings

Sponsor. Representative for Maryland's 7th congressional district. Democrat.

Read Text »
Last Updated: Nov 8, 2017
Length: 2 pages
Introduced:

Jun 23, 2017

Status:

Passed House & Senate (President next) on Nov 6, 2017

This bill was passed by Congress on November 6, 2017 and goes to the President next.

Prognosis:

93% chance of being enacted according to Skopos Labs (details)

History

Jun 23, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 19, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Oct 10, 2017
 
Reported by House Committee on Oversight and Government Reform

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Oct 11, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

Nov 6, 2017
 
Passed Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by Unanimous Consent so no record of individual votes was made.

Pending
 
Signed by the President

H.R. 3031 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 3031 — 115th Congress: TSP Modernization Act of 2017.” www.GovTrack.us. 2017. November 17, 2017 <https://www.govtrack.us/congress/bills/115/hr3031>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.