US SB486 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.
Title
A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.
Sponsors
| Sen. Bill Cassidy [R-LA] | Sen. Mark Warner [D-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB545 (Related) 2019-03-01 - Referred to the Subcommittee on Oversight.
HB766 (Related) 2019-03-01 - Referred to the Subcommittee on Social Security.
HB766 (Related) 2019-03-01 - Referred to the Subcommittee on Social Security.
Subjects
Appropriations
District of Columbia
Employee benefits and pensions
Executive agency funding and structure
Government employee pay, benefits, personnel management
Income tax exclusion
Income tax rates
Public contracts and procurement
State and local government operations
Taxation
District of Columbia
Employee benefits and pensions
Executive agency funding and structure
Government employee pay, benefits, personnel management
Income tax exclusion
Income tax rates
Public contracts and procurement
State and local government operations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/486/all-info |
| Text | https://www.congress.gov/116/bills/s486/BILLS-116s486is.pdf |
