S. 486 · 116th Congress
A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.
- Stage
- In committee
- Sponsor
- Bill Cassidy
- Introduced
- 2019-02-14
- Latest action
- 2019-02-14 · Introduced in Senate
Summary
This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.