H.R. 9214

[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>