,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ede  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ae1 #bjai  
,mr4 ,olson 7for himself1 ,mr4 ,beyer1  
,mr4 ,perlmutter1 ,mr4 ,weber of ,texas1
 ,mr4 ,mc,kinley1 ,mr4 ,trone1 ,ms4     
,kendra ,s4 ,horn of ,oklahoma1 ,mr4    
,allred1 ,mr4 ,brown of ,maryland1 ,mr4 
,courtney1 ,mr4 ,babin1 and ,mr4 ,gaetz7
 introduced the following bill2 which   
was referred to the ,committee on ,ways 
and ,means1 and in addition to the      
,committee on ,oversight and ,reform1   
for a period to be subsequently         
determined by the ,speaker1 in each case
 for consideration of such provisions as
 fall within the jurisdiction of the    
committee concerned  ,a ,,bill  ,to     
allow penalty-free distributions from   
retirement accounts in the case of      
,federal employees and certain ,federal 
contractors impacted by the ,federal    
,government shutdown4  #a4 ,short title 
,this ,act may be cited as the          
,financial ,relief for ,feds ,act of    

#bjai4  #b4 ,tax-favored withdrawals    
from retirement plans  7a7 ,in general  
,section #gb7t7 of the ,internal        
,revenue ,code of #aihf shall not apply 
to any ,federal ,government shutdown    
distribution4  7b7 ,aggregate dollar    
limitation  7#a7 ,in general ,for       
purposes of this subsection1 the        
aggregate amount of distributions       
received by an individual which may be  
treated as ,federal ,government shutdown
 distributions for any taxable year1 and
 with respect to any ,federal           
appropriations lapse1 shall not exceed  
the excess 7if any7 of-- 7,a7 the       
applicable amount1 over  7,b7 the       
aggregate amounts treated as ,federal   
,government shutdown distributions      
received by such individual with respect
 to such ,federal appropriations lapse4 
7#b7 ,applicable amount ,for purposes of
 paragraph 7#a71 the applicable amount  
with respect to an individual is an     
amount equal to--  7,a7 #d1jjj1         
multiplied by  7,b7 the number of       

#ad-;day periods beginning during any   
,federal appropriations lapse with      
respect to such individual4  7#c7       
,treatment of plan distributions  7,a7  
,in general ,if a distribution to an    
individual would 7without regard to     
paragraph 7#a77 be a ,federal           
,government shutdown distribution1 a    
plan shall not be treated as violating  
any provision of law merely because the 
plan treats such distribution as a      
,federal ,government shutdown           
distribution1 unless the aggregate      
amount of such distributions from all   
plans maintained by the employer 7and   
any member of any controlled group which
 includes the employer7 to such         
individual exceeds the applicable amount
 with respect to such individual4  7,b7 
,no ,,tsp conditions on contributions or
 distributions ,in the case of the      
,thrift ,savings ,fund1 no limit on the 
number of distributions made to an      
individual1 or on the amount of         
contributions which may be made by such 

individual1 shall be imposed solely by  
reason of a distribution which is a     
,federal ,government shutdown           
distribution4  7#d7 ,controlled group   
,for purposes of paragraph 7#c71 the    
term controlled group means any group   
treated as a single employer under      
subsection 7b71 7c71 7m71 or 7o7 of     
section #dad of the ,internal ,revenue  
,code of #aihf4  7c7 ,amount distributed
 may be repaid  7#a7 ,in general ,any   
individual who receives a ,federal      
,government shutdown distribution may1  
at any time during the #c-year period   
beginning on the day after the date on  
which such distribution was received1   
make #a or more contributions in an     
aggregate amount not to exceed the      
amount of such distribution to an       
eligible retirement plan of which such  
individual is a beneficiary and to which
 a rollover contribution of such        
distribution could be made under section
 #djb7;c71 #djc7;a77#d71 #djc7;b77#h71  
#djh7;d77#c71 or #deg7;e77#af71 of the  

,internal ,revenue ,code of #aihf1 as   
the case may be4  7#b7 ,treatment of    
repayments of distributions from        
eligible retirement plans other than    
,i,r,as ,for purposes of the ,internal  
,revenue ,code of #aihf1 if a           
contribution is made pursuant to        
paragraph 7#a7 with respect to a        
,federal ,government shutdown           
distribution from an eligible retirement
 plan other than an individual          
retirement plan1 then the taxpayer      
shall1 to the extent of the amount of   
the contribution1 be treated as having  
received the ,federal ,government       
shutdown distribution in an eligible    
rollover distribution 7as defined in    
section #djb7;c77#d7 of such ,code7 and 
as having transferred the amount to the 
eligible retirement plan in a direct    
trustee to trustee transfer within #fj  
days of the distribution4  7#c7         
,treatment of repayments of             
distributions from ,i,r,as ,for purposes
 of the ,internal ,revenue ,code of     

#aihf1 if a contribution is made        
pursuant to paragraph 7#a7 with respect 
to a ,federal ,government shutdown      
distribution from an individual         
retirement plan 7as defined by section  
#ggja7;a77#cg7 of such ,code71 then1 to 
the extent of the amount of the         
contribution1 the ,federal ,government  
shutdown distribution shall be treated  
as a distribution described in section  
#djh7;d77#c7 of such ,code and as having
 been transferred to the eligible       
retirement plan in a direct trustee to  
trustee transfer within #fj days of the 
distribution4  7d7 ,definitions ,for    
purposes of this section-- 7#a7 ,federal
 ,government shutdown distribution ,the 
term ,federal ,government shutdown      
distribution means any distribution by  
an applicable individual from an        
eligible retirement plan made during a  
,federal appropriations lapse with      
respect to such individual4  7#b7       
,applicable individual ,the term        
applicable individual means any         

individual-- 7,a7 who is a ,federal     
employee furloughed due to a ,federal   
appropriations lapse2  7,b7 who is      
placed on unpaid leave as a ,federal    
contractor1 or as an employee of a      
,federal contractor1 due to a ,federal  
appropriations lapse1 and whose sole    
source of earned income 7as defined in  
section #cb7;c77#b7 of the ,internal    
,revenue ,code of #aihf7 would 7but for 
such lapse7 be remuneration as such a   
contractor1 or employee thereof2  7,c7  
who is an employee of a ,state or other 
,federal grantee--  7i7 whose           
compensation is advanced or reimbursed  
in whole or in part by the ,federal     
,government2 and  7ii7 who is furloughed
 due to a ,federal appropriations lapse2
 or  7,d7 who is furloughed due to a    
,federal appropriations lapse as an     
employee of the ,district of ,columbia  
,courts1 the ,public ,defender ,service 
for the ,district of ,columbia1 or the  
,district of ,columbia government4      
,such term shall include any excepted   

employee or an employee performing      
emergency work1 as such terms are       
defined by the ,office of ,personnel    
,management or the appropriate ,district
 of ,columbia public employer1 as       
applicable1 during a ,federal           
appropriations lapse4  7#c7 ,federal    
appropriation lapse  7,a7 ,in general   
,the term ,federal appropriations lapse 
means any continuous period during which
 there is a lapse in ,federal           
appropriations4  7,b7 ,period of lapse  
,a period of lapse in ,federal          
appropriations shall not be a ,federal  
appropriations lapse with respect to an 
individual for longer than the period   
during which the individual is          
furloughed 7or on unpaid leave in the   
case of an individual described in      
paragraph 7#b77;,b77 due to such lapse4 
7#d7 ,eligible retirement plan ,the term
 eligible retirement plan shall have the
 meaning given such term by section     
#djb7;c77#h77;,b7 of the ,internal      
,revenue ,code of #aihf4  7e7 ,income   

inclusion spread over #c-,year period   
7#a7 ,in general ,in the case of any    
,federal ,government shutdown           
distribution1 unless the taxpayer elects
 not to have this paragraph apply for   
any taxable year1 any amount required to
 be included in gross income for such   
taxable year shall be so included       
ratably over the #c-taxable-year period 
beginning with such taxable year4  7#b7 
,special rule ,for purposes of paragraph
 7#a71 rules similar to the rules of    
subparagraph 7,e7 of section            
#djh;,a7d77#c7 of the ,internal ,revenue
 ,code of #aihf shall apply4  7f7       
,special rules  7#a7 ,exemption of      
distributions from trustee to trustee   
transfer and withholding rules ,for     
purposes of sections #dja7;a77#ca71     
#djb7;f71 and #cdje of the ,internal    
,revenue ,code of #aihf1 ,federal       
,government shutdown distributions shall
 not be treated as eligible rollover    
distributions4  7#b7 ,federal           
,government shutdown distributions      

treated as meeting plan distribution    
requirements ,for purposes the ,internal
 ,revenue ,code of #aihf1 a ,federal    
,government shutdown distribution shall 
be treated as meeting the requirements  
of sections #dja7k77#b77;,b77i71        
#djc7;b77#g77;,a77ii71 #djc7;b77#aa71   
and #deg7;d77#a77;,a7 of such ,code4