PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Government Reform and Oversight.
Congressional Research Service
Version 35 · Passed Senate amended · Sep 17, 1996
TABLE OF CONTENTS: Title I: Additional Investment Funds for the Thrift Savings Plan Title II: Thrift Savings Accounts Liquidity Title I: Additional Investment Funds for the Thrift Saving Plan - Thrift Savings Investment Funds Act of 1996 - Adds two new funds, the International Stock Index Investment Fund and the Small Capitalization Stock Index Fund, to the Thrift Savings Plan (TSP) under the Federal Employees' Retirement System. Title II: Thrift Savings Accounts Liquidity - Thrift Savings Plan Act of 1996 - Increases withdrawal options for TSP participants upon separation from employment. Eliminates the purpose requirements for taking a TSP loan. Requires an employee or Member, before a loan is issued, to be provided in writing 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 Member's final account balance before a loan is issued. Permits a TSP participant, before separation, to make a one-time withdrawal from the account upon: (1) attaining age 59 and one-half; or (2) financial hardship. (Sec. 204) Revises provisions concerning notification of an employee's or Member's spouse upon making or changing a withdrawal election. (Sec. 206) Eliminates the definition of basic pay with respect to the TSP.
People & committees
Sen. Stevens, Ted [R-AK] · R–AK
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the House Committee on Government Reform and Oversight.
Held at the desk.
Message on Senate action sent to the House.
Received in the House.
Passed Senate with an amendment and an amendment to the Title by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Unanimous Consent.
Measure laid before Senate. (consideration: CR S10724-10726)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 412.
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute and an amendment to the title. With written report No. 104-274.
Committee on Governmental Affairs. Reported to Senate by Senator Stevens with an amendment in the nature of a substitute and an amendment to the title. With written report No. 104-274.
Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Governmental Affairs.
Sponsor introductory remarks on measure. (CR S10826-10827)`
Introduced in Senate
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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