Proposed
Bill · 119th Congress · HR 5674
Emergency Relief for Federal Workers Act of 2025
Refreshed 4 h ago
Introduced 2025-10-03Topic: labor · taxes · budgetSummary
AI-generated summary, report an errorThis bill would remove the 10 percent early-withdrawal tax penalty on Thrift Savings Plan (TSP) withdrawals by federal employees who are furloughed or working without pay during a funding lapse of at least two weeks, up to $30,000 per lapse, adjusted for inflation. It would require the TSP Board to allow these employees to make hardship withdrawals during such a lapse, with no limit on the number of withdrawals within the dollar cap. Employees could pay the withdrawn money back into the TSP within 120 days after the lapse ends. The bill would also let furloughed or unpaid employees take TSP loans during any funding lapse. Loan payments missed during a qualifying lapse would not be treated as taxable income and would be taken out of the employee's back pay.
Sponsors
- Donald S. Beyer, Jr. Democrat sponsor
- 37 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-10-03 | House | Referred to the Committee on Ways and Means, 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 concerned. | refer |
| 2025-10-03 | House | Referred to the Committee on Ways and Means, 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 concerned. | refer |
| 2025-10-03 | Introduced in House | introduce | |
| 2025-10-03 | Introduced in House | introduce |