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H.R. 4325 (ih) To amend the Internal Revenue Code of 1986 and the Employee Retirement [Introduced in House] ...


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108th CONGRESS
  2d Session
                                H. R. 4324

   To amend title 5, United States Code, to eliminate the provisions 
   limiting certain election opportunities available to individuals 
   participating in the Thrift Savings Plan, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 11, 2004

Mr. Tom Davis of Virginia (for himself, Mrs. Jo Ann Davis of Virginia, 
 and Mr. Murphy) introduced the following bill; which was referred to 
                   the Committee on Government Reform

_______________________________________________________________________

                                 A BILL


 
   To amend title 5, United States Code, to eliminate the provisions 
   limiting certain election opportunities available to individuals 
   participating in the Thrift Savings Plan, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONTRIBUTIONS TO THE THRIFT SAVINGS FUND.

    (a) Elimination of Provisions Limiting Election Opportunities.--
Section 8432(b) of title 5, United States Code, is amended--
            (1) by striking paragraphs (2), (3), and (4);
            (2) by redesignating paragraph (1)(A) as paragraph (1) and 
        paragraph (1)(B) as paragraph (2);
            (3) in paragraph (1) (as so redesignated), by striking 
        ``shall be afforded a reasonable period every 6 months'' and 
        inserting ``shall, in any pay period, be allowed''; and
            (4) in paragraph (2) (as so redesignated), by striking 
        ``subparagraph (A) (or any election allowable by virtue of 
        paragraph (4))'' and inserting ``paragraph (1)''.
    (b) Simplification of Provisions Relating to Agency Automatic 1 
Percent Contributions Generally.--Section 8432(c)(1) of title 5, United 
States Code, is amended--
            (1) by striking ``(c)(1)(A)'' and inserting ``(c)(1)'';
            (2) by striking subparagraphs (B) and (C); and
            (3) by striking ``At the time'' and all that follows 
        through ``the employing agency'' and inserting ``At the time 
        prescribed by the Executive Director in regulations, but no 
        later than 12 days after the end of each pay period that 
        applies with respect to an employee or Member, the employing 
        agency''.
    (c) Simplification of Provisions Relating to Agency Matching 
Contributions Generally.--Section 8432(c)(2) of title 5, United States 
Code, is amended by striking subparagraph (C).
    (d) Elimination of Obsolete Provisions Relating to Certain Makeup 1 
Percent Contributions.--Section 8432 of title 5, United States Code, is 
amended--
            (1) by striking paragraph (3) of subsection (c); and
            (2) by striking the second sentence of subsection (d).

SEC. 2. TECHNICAL AND CONFORMING AMENDMENTS.

    (a) Provisions Relating to Retroactive USERRA Makeup 
Contributions.--Section 8432(i) of title 5, United States Code, is 
amended--
            (1) in paragraph (1)(B), by striking all that follows ``as 
        referred to in'' and inserting ``section 8432b(b)(2)(B)), is 
        eligible to make an election described in subsection (b)(1).''; 
        and
            (2) in paragraph (2), by striking all that follows ``would 
        be allowable'' and inserting ``under subsection (b).''.
    (b) Provisions Relating to Timely Dissemination of Information.--
Section 8439(c)(2) of title 5, United States Code, is amended--
            (1) in the first sentence, by striking ``at least 30 
        calendar days before the beginning of each election period 
        under section 8432(b)(1)(A) of this title, and''; and
            (2) by striking the second sentence.
    (c) Provisions Relating to Certain Groups of Participants.--
            (1) Civilian personnel.--Sections 8351, 8440a, 8440b, 
        8440c, and 8440d of title 5, United States Code, are each 
        amended in subsection (a)--
                    (A) by striking paragraph (2); and
                    (B) by striking ``(a)(1)'' and inserting ``(a)''.
            (2) Members of the uniformed services.--Section 8440e of 
        title 5, United States Code, is amended in subsection (b)--
                    (A) by striking paragraph (2); and
                    (B) by striking ``(b)(1)'' and inserting ``(b)''.

SEC. 3. EFFECTIVE DATE; SAVINGS PROVISIONS.

    (a) Effective Date.--This Act shall take effect as of such date as 
the Executive Director may by regulation prescribe, but in no event 
later than 1 year after the date of the enactment of this Act.
    (b) Savings Provisions.--The Executive Director shall prescribe 
regulations to ensure that provisions comparable to those repealed by 
subsections (b)(2), (c), and (d) of section 1 remain in effect for as 
long as necessary so that no person will be denied any benefit for 
which such person would have been eligible had those provisions not 
been so repealed.
    (c) Definition.--For purposes of this section, the term ``Executive 
Director'' means the Executive Director appointed by the Federal 
Retirement Thrift Investment Board under section 8474 of title 5, 
United States Code.
                                 <all>

Pages: 1

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