,,ii  #aaeth ,,congress  #ast ,session  
,h4 ,r4 #cjca  ,,in ,,the ,,senate ,,of 
,,the ,,united ,,states  ,october #af1  
#bjag,received  ,,an ,,act  ,to amend   
title #e1 ,united ,states ,code1 to     
provide for flexibility in making       
withdrawals from a ,thrift ,savings     
,plan account1 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the ,,tsp ,modernization ,act of    
#bjag4  #b4 ,thrift ,savings ,plan      
account withdrawal flexibility  7a7     
,post-,separation partial withdrawals   
,section #hdcc7;c7 of title #e1 ,united 
,states ,code1 is amended--  7#a7 in    
paragraph 7#a7-- 7,a7 by striking and   
who has not made a withdrawal under     
subsection 7h77#a77;,a7 may make one    
withdrawal and inserting may make one or
 more withdrawals2 and  7,b7 by striking
 as a single payment and inserting in   
the same manner as a single payment is  
made2 and  7#b7 by adding at the end the
 following3  7#e7 ,withdrawals under    
this subsection shall be subject to such

 other limitations or conditions as the 
,executive ,director may prescribe by   
regulation4  4  7b7 ,limitation on      
return of payment relating to a change  
in election ,section #hdcc7;d7 of title 
#e1 ,united ,states ,code1 is amended-- 
7#a7 in paragraph 7#a71 by inserting 1  
except that in the case of an election  
to receive an annuity1 a former employee
 or ,member may not change an election  
under this section on or after the date 
on which an annuity contract is         
purchased to provide for the annuity    
elected by the former employee or       
,member after this subchapter2 and  7#b7
 in paragraph 7#b7-- 7,a7 by striking   
change an and inserting return a payment
 that was made pursuant to an2 and  7,b7
 by striking on or after and all that   
follows through the former employee or  
,member4  7c7 ,elimination of automatic 
annuity in absence of election ,section 
#hdcc7;f7 of title #e1 ,united ,states  
,code1 is amended--  7#a7 by striking   
7#a7 ,notwithstanding and inserting     

,notwithstanding2  7#b7 by striking this
 paragraph and inserting this           
subsection2 and  7#c7 by striking       
paragraph 7#b74  7d7 ,allowance of      
multiple age-,based in-,service         
withdrawals ,section #hdcc7;h7 of title 
#e1 ,united ,states ,code1 is amended-- 
7#a7 by striking paragraph 7#b72  7#b7  
by redesignating paragraphs 7#c71 7#d71 
and 7#e7 as paragraphs 7#b71 7#c71 and  
7#d71 respectively2 and  7#c7 in        
paragraph 7#c71 as so redesignated1 by  
inserting limitations or before         
conditions4  7e7 ,technical amendment   
,section #hdcb;b7h77#b77;,a7 of title   
#e1 ,united ,states ,code1 is amended by
 striking section #hdcc7;d71 or         
paragraph 7#a7 or 7#b7 of section       
#hdcc7;h7 and inserting subsection 7d7  
or 7f7 of section #hdcc4  7f7           
,regulations ,as soon as is practicable1
 as determined by the ,executive        
,director of the ,federal ,retirement   
,thrift ,investment ,board1 but not     
later than #b years after the date of   

enactment of this ,act1 the ,executive  
,director shall prescribe such          
regulations as are necessary to carry   
out the amendments made by this section4
  7g7 ,effective date ,the amendments   
made by this section shall take effect  
on the date on which the regulations    
prescribed under subsection 7f7 take    
effect4  ,passed the ,house of          
,representatives ,october #aa1          
#bjag4,karen ,l4 ,haas1,clerk