US SB3496 | 2015-2016 | 114th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on December 5 2016 - 25% progression, died in committee
Action: 2016-12-05 - Read twice and referred to the Committee on Finance. (text of measure as introduced in the Senate: CR S6709)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Servicemember Retirement Improvement Act This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2016) to their Thrift Savings Plans 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 Thrift Savings Plans of federal employees in the Ready Reserve.

Tracking Information

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Title

Servicemember Retirement Improvement Act

Sponsors


History

DateChamberAction
2016-12-05SenateRead twice and referred to the Committee on Finance. (text of measure as introduced in the Senate: CR S6709)

Subjects


US Congress State Sources


Bill Comments

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