HR 4381 · 114th Congress · Taxation

Servicemember Retirement Improvement Act

Introduced 2016-01-13· Sponsored by Rep. Johnson, Sam [R-TX-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2016-01-13)

Plain Language Summary

[AI summary unavailable — showing source text] Servicemember Retirement Improvement Act This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2016) to their Thrift Savings Plans without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the Thrift Savings Plans of federal employees in the Ready Reserve.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

2 Democrats18 Republicans