[Congressional Record Volume 142, Number 128 (Tuesday, September 17, 1996)]
[Senate]
[Page S10710]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            THE THRIFT SAVINGS INVESTMENT FUNDS ACT OF 1996

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                 KERREY (AND PRYOR) AMENDMENT NO. 5367

  Mr. McCain (for Mr. Kerrey, for himself and Mr. Pryor) proposed an 
amendment to the bill (S. 1080) to amend chapter 84 of title 5, United 
States Code, to provide additional investment funds for the Thrift 
Savings Plan; as follows:

       On page 15, line 2 of the bill, change the ``;'' to an 
     ``,'' and add the following: ``and by adding at the end of 
     the paragraph the following sentence: `Before a loan is 
     issued, the Executive Director shall provide in writing the 
     employee or Member with appropriate information concerning 
     the cost of the loan relative to other sources of financing, 
     as well as the lifetime cost of the loan, including the 
     difference in interest rates between the funds offered by the 
     Thrift Savings Fund, and any other effect of such loan on the 
     employee's or Members's final account balance'.''

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