[Congressional Record Volume 162, Number 7 (Tuesday, January 12, 2016)]
[House]
[Page H293]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               SERVICEMEMBERS RETIREMENT IMPROVEMENT ACT

  (Mr. SAM JOHNSON of Texas asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. SAM JOHNSON of Texas. Mr. Speaker, most of America's Guard and 
Reserve forces also hold civilian jobs in addition to their military 
service; but, unfortunately, the IRS doesn't treat these heroes fairly 
when it comes to their retirement savings.
  Right now, if a Guard or a Reserve servicemember decides to benefit 
from a Thrift Savings Plan, or TSP, match, then the IRS may limit the 
member's ability to save for retirement simply because he also has a 
civilian career.
  This is wrong, which is why I will be introducing the Servicemembers 
Retirement Improvement Act. I am pleased that the bill is supported by 
a wide range of military and veteran advocacy groups.
  Just because they happen to be serving our country, our 
servicemembers shouldn't be penalized when it comes to saving for their 
retirements. We are working hard to right this wrong.

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