H.R.673 - Shutdown Relief Act116th Congress (2019-2020)
|Sponsor:||Rep. Luria, Elaine G. [D-VA-2] (Introduced 01/17/2019)|
|Committees:||House - Oversight and Reform; Ways and Means|
|Latest Action:||House - 01/17/2019 Referred to the Committee on Oversight and Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
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Summary: H.R.673 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (01/17/2019)
Shutdown Relief Act
This bill requires that a lapse in appropriations (i.e., government shutdown) shall be deemed a financial hardship for the purpose of allowing Thrift Savings Plan (TSP) participants to make withdrawals from their TSP accounts.
Federal employees participating in the TSP may withdraw funds from their accounts up to the amount of the annual salary they would have received but for such lapse. Such withdrawals shall be without penalty if the funds are returned to the TSP account within 180 days.