H.R.1643 - Employee Hardship Financial Relief Act of 2013

To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from the Federal Thrift Savings Fund to employees who are furloughed as a result of the Federal budget sequester. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to allow penalty-free withdrawals from the Federal Thrift Savings Fund to employees who are furloughed as a result of the Federal budget sequester. as introduced.
  • Short: Employee Hardship Financial Relief Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/18/13
 
 
 
 
 
 
 

Official Summary

Employee Hardship Financial Relief Act of 2013 - Amends the Internal Revenue Code to permit federal employees who are furloughed due to sequestration to make penalty-free distributions from their Thrift Savings Account Fund but only to the extent that such distributions do not exceed the ag

Official Summary

Employee Hardship Financial Relief Act of 2013 - Amends the Internal Revenue Code to permit federal employees who are furloughed due to sequestration to make penalty-free distributions from their Thrift Savings Account Fund but only to the extent that such distributions do not exceed the aggregate reduction in compensation of such employees resulting from such furlough.

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