To amend title 5, United States Code, to provide that matching contributions to the Thrift Savings Fund for Members of Congress be made contingent on Congress completing action on a concurrent resolution on the budget, for the fiscal year involved, which reduces the deficit, and for other purposes.
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To amend title 5, United States Code, to provide that matching contributions to the Thrift Savings Fund for Members of Congress be made contingent on Congress completing action on a concurrent resolution on the budget, for the fiscal year involved, which reduces the deficit, and for other purposes.CommentsClose CommentsPermalink
Mr. RIGELL (for himself, Mr. COBLE, Mr. POSEY, and Mr. RIBBLE) introduced the following bill; which was referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedCommentsClose CommentsPermalink
To amend title 5, United States Code, to provide that matching contributions to the Thrift Savings Fund for Members of Congress be made contingent on Congress completing action on a concurrent resolution on the budget, for the fiscal year involved, which reduces the deficit, and for other purposes.CommentsClose CommentsPermalink
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink
Section 8432(c) of title 5, United States Code, is amended by adding at the end the following:CommentsClose CommentsPermalink
‘(4)(A) Notwithstanding any other provision of this section, no contribution under this subsection may be made for the benefit of any Member--CommentsClose CommentsPermalink
‘(i) with respect to any pay period beginning before the date on which Congress completes action on a concurrent resolution on the budget for the fiscal year in which the first day of such pay period occurs; andCommentsClose CommentsPermalink
‘(I) the deficit for the fiscal year referred to in clause (i) (as set forth in the concurrent resolution on the budget for such fiscal year), is less thanCommentsClose CommentsPermalink
‘(II) the deficit for the preceding fiscal year (as set forth in the concurrent resolution on the budget for such preceding fiscal year).CommentsClose CommentsPermalink
‘(B) If a determination under subparagraph (A)(ii) cannot be made with respect to a fiscal year (as referred to in subclause (I) thereof) due to a failure by Congress to complete action on a concurrent resolution on the budget for the preceding fiscal year (as referred to in subclause (II) thereof) the condition under subparagraph (A)(ii) shall be considered not to have been met for purposes of the fiscal year referred to in subclause (I) thereof.CommentsClose CommentsPermalink
‘(C) Clause (ii) of subparagraph (A) and subparagraph (B) shall cease to apply after the date on which Congress completes action on a concurrent resolution on the budget for the first fiscal year, following the date of the enactment of this paragraph, for which there is no deficit (as determined based on the concurrent resolution on the budget for such fiscal year).CommentsClose CommentsPermalink
‘(D) For purposes of this paragraph, the terms ‘concurrent resolution on the budget’ and ‘deficit’ have the respective meanings given them by section 3 of the Congressional Budget and Impoundment Control Act of 1974.’.CommentsClose CommentsPermalink
SEC. 3. EFFECTIVE DATE.
The amendment made by this Act shall be effective with respect to contributions for pay periods beginning in any fiscal year which begins after the date of the enactment of this Act.CommentsClose CommentsPermalink
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