House Bill 905
116th Congress(2019-2020)
Servicemember Retirement Improvement Act
Introduced
Introduced in House on Jan 30, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
905
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Servicemember Retirement Improvement Act
This bill 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.
January 30, 2019
01/30/2019
Referred to the House Committee on Ways and Means.
01/30/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 3:17:48 PM