What does Preamble of TSP Modernization Act do?

This bill, formally titled 'To provide for the electronic transfer of amounts from Thrift Savings Fund accounts to qualified retirement plans, and for other purposes,' aims to facilitate the electronic transfer of funds from Thrift Savings Fund accounts to qualified retirement plans. The bill was introduced in the House of Representatives on June 9, 2026.

What does SHORT TITLE. of TSP Modernization Act do?

This bill is formally titled the TSP Modernization Act

What does ELECTRONIC TRANSFER OF AMOUNTS IN THRIFT SAVINGS FUND ACCOUNTS of TSP Modernization Act do?

This section allows electronic transfer of funds from Thrift Savings Fund accounts to qualified retirement plans. Electronic transfers can be made 1 year after the enactment of this Act. Individuals must provide necessary information to the Executive Director for the transfer to occur.

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TSP Modernization Act

Last updated: 6/9/2026 · Introduced: 6/9/2026

Author: Mike Bost (R-IL)

TL;DR (AI)

The bill enables the electronic transfer of funds from Thrift Savings Fund (TSP) accounts to qualified retirement plans.
Electronic transfers will be permitted one year after the bill's enactment.
Individuals initiating transfers must provide required information to the Executive Director of the TSP.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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