H.R. 9214House119th Congress (2025-2027)In Committee

TSP Modernization Act

AI-Generated Summary

Updated June 18, 2026 at 4:19 PM UTC

The TSP Modernization Act would let participants move money from their Thrift Savings Plan (TSP) accounts to other qualified retirement plans electronically. The electronic transfers would become possible one year after the law takes effect, provided the participant supplies the required information. The bill also requires the TSP’s Executive Director, in consultation with the Treasury, to report to Congress on how the new process is working after that first year.

Key Provisions

Allows electronic transfers of TSP account balances to qualified retirement plans at brokerage firms, overriding any existing rules that might prohibit such transfers.
Transfers can occur only after the participant provides the necessary information to the Executive Director of the Federal Retirement Thrift Investment Board.
The electronic transfer authority becomes effective one year after the law’s enactment.
Mandates a report to Congress, prepared by the Executive Director and the Treasury Secretary, on the implementation of the electronic transfer provision, to be submitted one year after enactment.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Oversight and Government Reform.

Oversight and Government Reform Committee

June 9, 2026

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HouseIntro Referral

Introduced in House

June 9, 2026

HouseIntro Referral

Referred to the House Committee on Oversight and Government Reform.

Oversight and Government Reform Committee

June 9, 2026

Bill Text

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Introduced in HouseIssued June 9, 2026

119th CONGRESS

2d Session

H. R. 9214

IN THE HOUSE OF REPRESENTATIVES

June 9, 2026

Mr. Bost (for himself, Mrs. Bice, Mrs. Cammack, Mr. Crawford, Mr. DesJarlais, Mr. Donalds, Mr. Ezell, Mr. Guest, Mr. Hurd of Colorado, Mr. Issa, Ms. King-Hinds, Mr. McGuire, Mr. Moore of West Virginia, Mr. Ogles, Mrs. Radewagen, Ms. Salazar, Mr. Stauber, Mr. Van Orden, and Mrs. Wagner) introduced the following bill; which was referred to the Committee on Oversight and Government Reform

A BILL

To provide for the electronic transfer of amounts from Thrift Savings Fund accounts to qualified retirement plans, and for other purposes.

Short title

This Act may be cited as the TSP Modernization Act.

Electronic transfer of amounts in Thrift Savings Fund accounts to qualified retirement plans

(a)

Electronic transfer

(1)

In general

Notwithstanding any other law, rule, or regulation, beginning on the date that is 1 year after the date of the enactment of this Act, if a transfer of funds is otherwise permitted from an individual’s account within the Thrift Savings Fund to a qualified retirement plan at a brokerage firm, such transfer shall be permitted to be made electronically.

(2)

Information

Such electronic transfer may not be made until such individual provides the information necessary to the Executive Director of the Federal Retirement Thrift Investment Board to carry out such transfer.

(b)

Report

On the date that is 1 year after the date of the enactment of this Act, the Executive Director, in consultation with the Secretary of the Treasury, shall submit a report to Congress on the implementation of subsection (a).

(c)

Definitions

In this Act—

(1)

the term Thrift Savings Fund means the Thrift Savings Fund established under section 8437 of title 5, United States Code; and

(2)

the term qualified retirement plan has the meaning given that term in section 4974(c) of the Internal Revenue Code of 1986.