Thrift Savings Plan Emergency Withdrawal Act of 2025
Sponsor
Full profile: /officials/N000147
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Plain-English Summary
This bill would allow federal employees and military members to withdraw money from their Thrift Savings Plan retirement accounts early without the usual tax penalties in cases of financial hardship or emergency. Currently, people who take money out before retirement age face significant taxes and penalties, but this legislation would create an exception for qualifying emergencies. The change would help federal workers and service members access their own savings during crises without losing a large portion to taxes.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
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