Congress·In Committee·H.R. 9214

TSP Modernization Act

Thrift Savings Plan: Electronic Transfers to Other Retirement Accounts

Jun 9·View on Congress.gov·Read full text

Next up: A house committee

The TSP Modernization Act is currently in the early stages of the legislative process. It was recently sent to the House Committee on Oversight and Government Reform for review. The bill is actively moving forward as it awaits further action from the committee.

Legislative Progress

House

Senate

President

Law

Could go either way

This is a common-sense update that helps people manage their money faster, but it currently only has support from one party in the House and needs to gain bipartisan interest to move forward.

Key Points

This bill makes it easier for federal employees and military members to move money from their Thrift Savings Plan to other retirement accounts. Right now, moving this money often involves paper checks and mail, but this change would allow it to happen electronically.
The new rules would apply to anyone who is already allowed to move their money to a private brokerage firm or another qualified retirement plan. Users would just need to provide their account information to the board that manages the fund to start the transfer.
If passed, the government would have one year to set up the electronic system. After that year, officials must give a report to Congress explaining how the new system is working and if there are any issues.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Jun 9, 2026House

Referred to the House Committee on Oversight and Government Reform.

Jun 9, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

TSP Modernization Act

Bill NumberHR 9214

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Oversight and Government Reform.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(21)

D: 1R: 20

Analysis generated by AI. Always verify with official sources.