US HB905 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 11-2)
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2019-01-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2019-01-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($19,500 in 2020) to their Thrift Savings Plans (TSPs) without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the TSPs of federal employees in the Ready Reserve who are not eligible to make contributions to any plan other than the TSP.
Title
Servicemember Retirement Improvement Act
Sponsors
| Rep. Peter King [R-NY] | Rep. Walter Jones [R-NC] | Rep. Elise Stefanik [R-NY] | Rep. Ken Calvert [R-CA] |
| Rep. Tim Ryan [D-OH] | Rep. David Roe [R-TN] | Rep. Tom Cole [R-OK] | Rep. Joe Wilson [R-SC] |
| Rep. French Hill [R-AR] | Rep. Dan Newhouse [R-WA] | Rep. Vicky Hartzler [R-MO] | Rep. Derek Kilmer [D-WA] |
| Rep. Greg Murphy [R-NC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-30 | House | Referred to the House Committee on Ways and Means. |
| 2019-01-30 | House | Introduced in House |
Subjects
Employee benefits and pensions
Government employee pay, benefits, personnel management
Income tax deferral
Military personnel and dependents
National Guard and reserves
Taxation
Government employee pay, benefits, personnel management
Income tax deferral
Military personnel and dependents
National Guard and reserves
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/905/all-info |
| Text | https://www.congress.gov/116/bills/hr905/BILLS-116hr905ih.pdf |
