To provide for interest-free loans for furloughed Federal employees.
Referred to the Subcommittee on Civil Service.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jan 4, 1996
Directs the Secretary of the Treasury to provide for the issuance of interest-free loans to furloughed Federal employees from funds otherwise available in the Civil Service Retirement and Disability Fund or the Thrift Savings Fund. Limits the total amount of such loans to the basic pay of such employees for the period of lapsed appropriations. Provides for the repayment of such loans by withholding from any payment of basic pay remaining unpaid for the period of lapsed appropriations with respect to employees who remain employed with their respective Federal agencies after such period. Excludes political appointees from the provisions of this Act.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Feb 4, 2025. Consult Congress.gov for the current record.
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