[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6089 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 6089

 To authorize members and former members of the uniformed services who 
    are entitled to veterans disability compensation to continue to 
   participate in the Thrift Savings Plan through the deduction and 
 deposit of a percentage of their veterans disability compensation to 
                        the Thrift Savings Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 20, 2016

  Mr. Walker introduced the following bill; which was referred to the 
              Committee on Oversight and Government Reform

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                                 A BILL


 
 To authorize members and former members of the uniformed services who 
    are entitled to veterans disability compensation to continue to 
   participate in the Thrift Savings Plan through the deduction and 
 deposit of a percentage of their veterans disability compensation to 
                        the Thrift Savings Fund.

    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 ``Financial Independence for Disabled 
Veterans Act of 2016''.

SEC. 2. DISABLED VETERANS CONTINUED PARTICIPATION IN THRIFT SAVINGS 
              PLAN.

    (a) Participation Authorized.--The Executive Director of the 
Federal Retirement Thrift Investment Board shall prescribe regulations 
to permit the continued participation in the Thrift Savings Plan by a 
member of the uniformed services after the discharge or release of the 
member from service in the uniformed services if the member or former 
member is entitled to veterans disability compensation.
    (b) Contributions.--For purposes of section 8432 of title 5, United 
States Code, the monthly veterans disability compensation of a member 
or former member of the uniformed services shall be deemed to be basic 
pay for a monthly pay period.
    (c) Matching Contributions Prohibited.--The deduction and deposit 
in the Thrift Savings Fund of a percentage of the veterans disability 
compensation of a member or former member of the uniformed services 
does not require or authorize Government contributions under section 
8432 of title 5, United States Code, or any other provision of law.
    (d) Veterans Disability Compensation Defined.--In this section, the 
term ``veterans disability compensation'' has the meaning given the 
term ``compensation'' in section 101(13) of title 38, United States 
Code.
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