Thrift Savings Plan Emergency Withdrawal Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6929 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6929 To amend the Internal Revenue Code of 1986 to allow Federal employees who are separated from Federal service to make penalty-free distributions from Thrift Savings Plans and include such distributions in gross income over 3 years. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 23, 2025 Ms. Norton introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow Federal employees who are separated from Federal service to make penalty-free distributions from Thrift Savings Plans and include such distributions in gross income over 3 years. 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 ``Thrift Savings Plan Emergency Withdrawal Act of 2025''. SEC. 2. TAX-FAVORED WITHDRAWALS FROM THRIFT SAVIN…