About the bill
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 savings and tax benefits that many private corporations offer their employees under 401(k) plans.
Upon separation from Federal services, if an account is vested and has more than $200, the entire account can remain in the TSP until the year following …
Sponsor and status
115th Congress (2017–2019)
Enacted — Signed by the President on Nov 17, 2017
This bill was enacted after being signed by the President on November 17, 2017.
8 Cosponsors (6 Democrats, 2 Republicans)
Position statements
What legislators are saying
“The Week Ahead - scheduled votes, committee action and other important notes for the week of October 10, 2017”
—
Rep. David Young [R-IA3, 2015-2018]
on Oct 10, 2017
History
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Jun 23, 2017
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Jul 19, 2017
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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. |
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Oct 10, 2017
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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. |
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Oct 11, 2017
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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. |
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Nov 6, 2017
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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. |
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Nov 17, 2017
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Enacted — Signed by the President
The President signed the bill and it became law.
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H.R. 3031 (115th) was 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.
Bills numbers restart every two years. That means there are other bills with the number H.R. 3031. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 3031 — 115th Congress: TSP Modernization Act of 2017.” www.GovTrack.us. 2017. September 23, 2023 <https://www.govtrack.us/congress/bills/115/hr3031>
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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.
