[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9214 Introduced in House (IH)]

<DOC>






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.
                                 <all>