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.
Shutdown Relief Act
This bill requires that a lapse in appropriations (i.e., government shutdown) shall be deemed a financial hardship for the purpose of allowing Thrift Savings Plan (TSP) participants to make withdrawals from their TSP accounts.
Federal employees participating in the TSP may withdraw funds from their accounts up to the amount of the annual salary they would have received but for such lapse. Such withdrawals shall be without penalty if the funds are returned to the TSP account within 180 days.
Introduced in House
Introduced in House
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.
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.
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