119 HR 9214 IH: TSP Modernization Act U.S. House of Representatives 2026-06-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 9214IN THE HOUSE OF REPRESENTATIVESJune 9, 2026Mr. 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 ReformA BILLTo provide for the electronic transfer of amounts from Thrift Savings Fund accounts to qualified retirement plans, and for other purposes.

1.

Short title

This Act may be cited as the TSP Modernization Act.

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.