Thrift Savings Plan Emergency Withdrawal Act of 2025

House Bill

H.R. 6929

119th Congress

Thrift Savings Plan Emergency Withdrawal Act of 2025

In Committee

Introduced:Dec 23, 2025

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would change the rules for emergency withdrawals from the Thrift Savings Plan, which is the retirement savings program for federal employees and military members. Based on the title, it likely makes it easier for participants to access their money early in emergency situations without facing certain penalties or restrictions.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced12/23/2025

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

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Vote Prediction

Thrift Savings Plan Emergency Withdrawal Act of 2025

This bill would change the rules for emergency withdrawals from the Thrift Savings Plan, which is the retirement savings program for federal employees and military members. Based on the title, it likely makes it easier for participants to access their money ea

Community Breakdown

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Fail

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This bill would change the rules for emergency withdrawals from the Thrift Savings Plan, which is the retirement savings program for federal employees and military members. Based on the title, it likely makes it easier for participants to access their money early in emergency situations without facing certain penalties or restrictions.

Bill Number: 6929
Introduced: 12/23/2025
Status: Referred to the House Committee on Ways and Means.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Thrift Savings Plan Emergency Withdrawal Act of 2025
Bill Number: 6929
Sponsor: No sponsor
Status: Referred to the House Committee on Ways and Means.
Introduced: 12/23/2025
Summary: This bill would change the rules for emergency withdrawals from the Thrift Savings Plan, which is the retirement savings program for federal employees and military members. Based on the title, it likely makes it easier for participants to access their money early in emergency situations without faci

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change the rules for emergency withdrawals from the Thrift Savings Plan, which is the retirement savings program for federal employees and military members. Based on the title, it likely makes it easier for participants to access their money early in emergency situations without facing certain penalties or restrictions.

Last updated: 3/5/2026

Key Points

Main provisions of the bill

The bill focuses on the Thrift Savings Plan, which is the retirement savings program available to federal government employees and members of the military.
It would modify the existing rules governing emergency withdrawals from these retirement accounts.
The changes would likely affect when and how participants can access their savings before retirement in urgent financial situations.
The bill has been referred to the House Committee on Ways and Means, which handles tax-related legislation including retirement account rules.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect current and former federal employees and military service members who participate in the Thrift Savings Plan. If passed, it could provide these individuals with greater flexibility to withdraw money from their retirement accounts during financial emergencies, though the specific conditions and any tax implications would depend on the bill's detailed provisions.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

6929, 119th Congress (2025). "Thrift Savings Plan Emergency Withdrawal Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-6929

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