Bill Sponsor
House Bill 673
116th Congress(2019-2020)
Shutdown Relief Act
Introduced
Introduced
Introduced in House on Jan 17, 2019
Overview
Text
Introduced in House 
Jan 17, 2019
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Introduced in House(Jan 17, 2019)
Jan 17, 2019
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
H. R. 673 (Introduced-in-House)


116th CONGRESS
1st Session
H. R. 673


To amend title 5, United States Code, to provide that a lapse in discretionary appropriations constitutes a financial hardship for purposes of a withdrawal from the Thrift Savings Plan, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

January 17, 2019

Mrs. Luria (for herself, Mr. Brown of Maryland, Mr. Griffith, Ms. Houlahan, Mr. Jones, Mr. McEachin, Mr. Ruppersberger, Mr. Scott of Virginia, Ms. Sewell of Alabama, Ms. Sherrill, Ms. Slotkin, and Ms. Spanberger) introduced the following bill; which was 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


A BILL

To amend title 5, United States Code, to provide that a lapse in discretionary appropriations constitutes a financial hardship for purposes of a withdrawal from the Thrift Savings Plan, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Shutdown Relief Act”.

SEC. 2. Treatment of Government shutdown for purposes of TSP financial hardship determination.

Section 8433(h) of title 5, United States Code, is amended by adding at the end the following:

“(6) (A) Beginning on or after December 22, 2018, any lapse in the appropriations of an account providing the salary of an employee shall be deemed a financial hardship for purposes of paragraph (1)(B).

“(B) A withdrawal by operation of subparagraph (A) may not be greater than the amount of annual salary that the employee would have received but for such lapse in appropriations.

“(C) (i) Section 72(t) of the Internal Revenue Code of 1986 shall not apply to any Federal Government shutdown distribution.

“(ii) For purposes of clause (i), the term ‘Federal Government shutdown distribution’ means any distribution by an applicable individual from the Thrift Savings Fund made during a lapse in appropriations with respect to such individual, by operation of subparagraph (A), but only to the extent, not later than 180 days after the date of such distribution, such amount is contributed (in such manner as the Board shall prescribe) to the individual’s account.

“(iii) For purposes of the Internal Revenue Code of 1986, if a contribution described in clause (ii) is made by an individual with respect to a Federal Government shutdown distribution, then the individual shall, to the extent of the amount of the contribution, be treated as having received the Federal Government shutdown distribution in an eligible rollover distribution (as defined in section 402(c)(4) of such Code) and as having transferred the amount to an eligible retirement plan in a direct trustee to trustee transfer within 60 days of the distribution.”.