Bill Sponsor
Senate Bill 486
116th Congress(2019-2020)
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.
Introduced
Introduced
Introduced in Senate on Feb 14, 2019
Overview
Text
Introduced
Feb 14, 2019
Latest Action
Feb 14, 2019
Origin Chamber
Senate
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
486
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.
Sponsorship by Party
Republican
Louisiana
Democrat
Virginia
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

This bill 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.

Text (1)
February 14, 2019
Actions (2)
02/14/2019
Read twice and referred to the Committee on Finance.
02/14/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 4:32:56 PM