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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9214 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 9214
To provide for the electronic transfer of amounts from Thrift Savings
Fund accounts to qualified retirement plans, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 9, 2026
Mr. Bost (for himself, Mrs. Bice, Mrs. Cammack, Mr. Crawford, Mr.
DesJarlais, Mr. Donalds, Mr. Ezell, Mr. Guest, Mr. Hurd of Colorado,
Mr. Issa, Ms. King-Hinds, Mr. McGuire, Mr. Moore of West Virginia, Mr.
Ogles, Mrs. Radewagen, Ms. Salazar, Mr. Stauber, Mr. Van Orden, and
Mrs. Wagner) introduced the following bill; which was referred to the
Committee on Oversight and Government Reform
_______________________________________________________________________
A BILL
To provide for the electronic transfer of amounts from Thrift Savings
Fund accounts to qualified retirement plans, 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 ``TSP Modernization Act''.
SEC. 2. ELECTRONIC TRANSFER OF AMOUNTS IN THRIFT SAVINGS FUND ACCOUNTS
TO QUALIFIED RETIREMENT PLANS.
(a) Electronic Transfer.--
(1) In general.--Notwithstanding any other law, rule, or
regulation, beginning on the date that is 1 year after the date
of the enactment of this Act, if a transfer of funds is
otherwise permitted from an individual's account within the
Thrift Savings Fund to a qualified retirement plan at a
brokerage firm, such transfer shall be permitted to be made
electronically.
(2) Information.--Such electronic transfer may not be made
until such individual provides the information necessary to the
Executive Director of the Federal Retirement Thrift Investment
Board to carry out such transfer.
(b) Report.--On the date that is 1 year after the date of the
enactment of this Act, the Executive Director, in consultation with the
Secretary of the Treasury, shall submit a report to Congress on the
implementation of subsection (a).
(c) Definitions.--In this Act--
(1) the term ``Thrift Savings Fund'' means the Thrift
Savings Fund established under section 8437 of title 5, United
States Code; and
(2) the term ``qualified retirement plan'' has the meaning
given that term in section 4974(c) of the Internal Revenue Code
of 1986.
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