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To provide for the electronic transfer of amounts from Thrift Savings Fund accounts to qualified retirement plans, and for other purposes.
Summary
- Permits federal employees to electronically transfer funds from their Thrift Savings Fund accounts to qualified retirement plans at brokerage firms
- Takes effect one year after the law's enactment
- Requires individuals to provide necessary information to the Federal Retirement Thrift Investment Board for the electronic transfer to be processed
- Requires the Executive Director of the Federal Retirement Thrift Investment Board to submit a report to Congress one year after enactment on the implementation of electronic transfers
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Bost, Mike [R-IL-12] (R-IL)
23 cosponsors
- Del. King-Hinds, Kimberlyn [R-MP-At Large] (R-MP)
- Del. Radewagen, Aumua Amata Coleman [R-AS-At Large] (R-AS)
- Rep. Bice, Stephanie I. [R-OK-5] (R-OK)
- Rep. Calvert, Ken [R-CA-41] (R-CA)
- Rep. Cammack, Kat [R-FL-3] (R-FL)
- Rep. Carson, André [D-IN-7] (D-IN)
- Rep. Crawford, Eric A. "Rick" [R-AR-1] (R-AR)
- Rep. DesJarlais, Scott [R-TN-4] (R-TN)
- Rep. Donalds, Byron [R-FL-19] (R-FL)
- Rep. Ezell, Mike [R-MS-4] (R-MS)
- Rep. Feenstra, Randy [R-IA-4] (R-IA)
- Rep. Guest, Michael [R-MS-3] (R-MS)
- Rep. Hurd, Jeff [R-CO-3] (R-CO)
- Rep. Issa, Darrell [R-CA-48] (R-CA)
- Rep. Kean, Thomas H. [R-NJ-7] (R-NJ)
- Rep. McGuire, John J. [R-VA-5] (R-VA)
- Rep. Moore, Riley M. [R-WV-2] (R-WV)
- Rep. Ogles, Andrew [R-TN-5] (R-TN)
- Rep. Salazar, Maria Elvira [R-FL-27] (R-FL)
- Rep. Stauber, Pete [R-MN-8] (R-MN)
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI)
- Rep. Van Orden, Derrick [R-WI-3] (R-WI)
- Rep. Wagner, Ann [R-MO-2] (R-MO)
Money behind the sponsor
Top reported contributors to Mike Bost’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $208,683
- NOTS LOGISTICS $19,700
- DONOHO INSURANCE AGENCY $18,700
- VETERANS UNITED $15,000
- AASI $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Mike Bost → · Outside spending →
Actions (2)
- Jun 9, 2026 Referred to the House Committee on Oversight and Government Reform. · house
- Jun 9, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
June 9, 2026
Mr. Bost (for himself, Mrs. Bice, Mrs. Cammack, Mr. Crawford, Mr. DesJarlais, Mr. Donalds, Mr. Ezell, Mr. Guest, Mr. Hurd of Colorado, Mr. Issa, Ms. King-Hinds, Mr. McGuire, Mr. Moore of West Virginia, Mr. Ogles, Mrs. Radewagen, Ms. Salazar, Mr. Stauber, Mr. Van Orden, and Mrs. Wagner) introduced the following bill; which was referred to the Committee on Oversight and Government Reform
A BILL
To provide for the electronic transfer of amounts from Thrift Savings Fund accounts to qualified retirement plans, 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. SHORT TITLE.
This Act may be cited as the “TSP Modernization Act”.
SEC. 2. ELECTRONIC TRANSFER OF AMOUNTS IN THRIFT SAVINGS FUND ACCOUNTS TO QUALIFIED RETIREMENT PLANS.
(a) Electronic Transfer.—
(1) In general.—Notwithstanding any other law, rule, or regulation, beginning on the date that is 1 year after the date of the enactment of this Act, if a transfer of funds is otherwise permitted from an individual’s account within the Thrift Savings Fund to a qualified retirement plan at a brokerage firm, such transfer shall be permitted to be made electronically.
(2) Information.—Such electronic transfer may not be made until such individual provides the information necessary to the Executive Director of the Federal Retirement Thrift Investment Board to carry out such transfer.
(b) Report.—On the date that is 1 year after the date of the enactment of this Act, the Executive Director, in consultation with the Secretary of the Treasury, shall submit a report to Congress on the implementation of subsection (a).
(c) Definitions.—In this Act—
(1) the term “Thrift Savings Fund” means the Thrift Savings Fund established under section 8437 of title 5, United States Code; and
(2) the term “qualified retirement plan” has the meaning given that term in section 4974(c) of the Internal Revenue Code of 1986. <all>
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