Bills · HR 4996
IN COMMITTEE· 119TH CONGRESS
House BillHR 4996Government Operations and Politics
FORWARD Act
INTRO AUG 19· LAST ACTION AUG 19
READING
2MIN
COSPONSORS
12BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it expands a valuable retirement savings option for those who have served in the military, including those with severe disabilities. The Thrift Savings Plan is a popular and effective retirement vehicle, often praised for its low fees and investment options. By allowing these specific groups to continue contributing their own funds, it gives them greater flexibility and potentially a more efficient way to save for their future.
If this bill becomes law, eligible retired and severely disabled service members can maintain and grow their retirement savings through a familiar platform. If it doesn't pass, these individuals would need to seek other, potentially less familiar or more expensive, private retirement savings options after leaving service, which could impact their overall financial security in retirement.
KEY PROVISIONS
5AI-extractedPROVISION 01
Allows former uniformed service members receiving retired pay to contribute to the Thrift Savings Plan.
This provision offers a familiar, tax-advantaged retirement savings option to military retirees.
PROVISION 02
Allows individuals receiving 100% disability compensation from the VA to contribute to the Thrift Savings Plan.
This extends the same retirement savings opportunity to severely disabled veterans.
PROVISION 03
Requires eligible individuals to have had a Thrift Savings Plan account before separating from service.
This ensures the new eligibility only applies to those who are already familiar with and have an existing relationship with the TSP.
PROVISION 04
Clarifies that no government (agency) contributions will be made for these individuals once they are separated.
This limits the financial obligation of the government to only managing self-contributions, preventing new employer matching costs.
PROVISION 05
Directs the Federal Retirement Thrift Investment Board to issue implementing regulations within 180 days.
This sets a timeline for the practical implementation of the new policy, ensuring it can take effect promptly if passed.
SPONSORSHIP
1 + 12
R· Virginia
YRS IN OFFICE
3
BILLS LED
56
COSPONSOR BREAKDOWNBIPARTISAN · 67%
DEM 8 REP 4 IND 0
ACTION TIMELINE
2 EVENTSAUG 19
Introduced in House
AUG 19
Referred to the House Committee on Oversight and Government Reform.
BILL INFO
TypeHouse Bill
NumberHR 4996
Congress119th
StatusIn Committee
IntroducedAug 19, 2025
Last actionAug 19, 2025
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IN COMMITTEE· 119TH CONGRESS · OVERSIGHT AND GOVERNMENT REFORM COMMITTEE · INTRODUCED AUG 19, 2025
House BillHR 4996Government Operations and Politics
FORWARD Act
INTRODUCED AUG 19, 2025· LAST ACTION AUG 19, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
12
COMPLEXITY
Moderate
