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S. 486

BillFederalSenateIn Committee
A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.
About This Bill
Committee
Latest Action · February 14, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
February 14, 2019
Sponsor
Sen. Bill CassidyR
Cosponsors (1)
1D 0R
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Summary

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This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.

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