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H.R.807 / 106th Congress

Federal Reserve Board Retirement Portability Act

Referred to Subcommittee on International Security.

Official summary

Version 00 · Introduced in House · Feb 23, 1999

Federal Reserve Board Retirement Portability Act - Includes as creditable service for purposes of provisions governing the Federal Employees Retirement System (FERS) a period of service of an employee or Member of Congress (other than any service already creditable under FERS, any military service, and any service performed in the employ of a Federal Reserve Bank) that was creditable under the Bank Plan (the benefit structure in which employees of the Board of Governors of the Federal Reserve System appointed on or after January 1, 1984, participate), if the employee waives credit for such service under the Bank Plan and makes a payment to the Thrift Savings Fund equal to the amount that would have been deducted from pay had the employee been subject to FERS during such period of service (together with interest on such amount computed).Excludes from the applicability of FERS provisions any employee or Member who has separated from civilian service after having been subject to the benefit structure for employees of the Board appointed before January 1, 1984, and having at least five years of civilian service (other than any service performed in the employ of a Federal Reserve Bank) creditable under such benefit structure, with specified exceptions for such persons who subsequently become subject to the Bank Plan and FERS provisions.

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Who introduced it

Rep. Scarborough, Joe [R-FL-1] · R–FL

Committees

  • Homeland Security and Governmental Affairs Committee
  • Oversight and Government Reform Committee
8 cosponsorship records, including any withdrawals

Actions

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  1. Referred to Subcommittee on International Security.

  2. Received in the Senate and read twice and referred to the Committee on Governmental Affairs.

  3. The title of the measure was amended. Agreed to without objection.

  4. Motion to reconsider laid on the table Agreed to without objection.

  5. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  6. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

  7. DEBATE - The House proceeded with forty minutes of debate on H.R. 807.

  8. Considered under suspension of the rules. (consideration: CR H1281-1285)

  9. Mr. Mica moved to suspend the rules and pass the bill, as amended.

  10. Placed on the Union Calendar, Calendar No. 33.

  11. Reported (Amended) by the Committee on Government Reform. H. Rept. 106-53.

  12. Reported (Amended) by the Committee on Government Reform. H. Rept. 106-53.

  13. Ordered to be Reported (Amended) by Voice Vote.

  14. Committee Consideration and Mark-up Session Held.

  15. Forwarded by Subcommittee to Full Committee by Voice Vote.

  16. Subcommittee Consideration and Mark-up Session Held.

  17. Referred to the Subcommittee on Civil Service.

  18. Referred to the House Committee on Government Reform.

  19. Introduced in House

  20. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.807 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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