,,ii #aafth ,,congress #ast ,session ,s4 #bjd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bd1 #bjai ,mr4 ,kaine 7for himself1 ,ms4 ,collins1 ,mr4 ,wyden1 ,mrs4 ,murray1 ,mr4 ,jones1 ,mr4 ,bennet1 ,ms4 ,cortez ,masto1 ,ms4 ,stabenow1 ,mr4 ,van ,hollen1 ,mr4 ,blumenthal1 ,mr4 ,carper1 ,ms4 ,warren1 ,ms4 ,duckworth1 ,mr4 ,coons1 ,mr4 ,sanders1 ,mr4 ,warner1 ,ms4 ,hassan1 ,mr4 ,menendez1 ,mr4 ,brown1 ,mrs4 ,shaheen1 ,ms4 ,hirono1 ,mr4 ,booker1 ,mr4 ,durbin1 ,ms4 ,smith1 ,mr4 ,heinrich1 ,mr4 ,schatz1 ,ms4 ,klobuchar1 ,mr4 ,portman1 ,mr4 ,udall1 ,mr4 ,manchin1 and ,mrs4 ,feinstein7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to waive certain penalties for affected ,federal employees receiving a distribution from the ,thrift ,savings ,plan during a lapse in appropriations1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,emergency ,relief for ,federal ,workers ,act of #bjai4 #b4 ,waiver of #aj-percent additional tax on certain financial hardship distributions from ,thrift ,savings ,plan 7a7 ,in general ,paragraph 7#b7 of section #gb7t7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subparagraph3 7,h7 ,distributions to ,federal employees affected by a qualified lapse in appropriations 7i7 ,in general ,distributions made from the ,thrift ,savings ,plan under subchapter ,,iii of chapter #hd of title #e1 ,united ,states ,code1 upon financial hardship of an individual who is a ,federal employee and who is on furlough or who is working without pay due to a qualified lapse in appropriations1 if such distributions are made during the period of such qualified lapse in appropriations 7including distributions which are in process as of the end of such lapse74 7ii7 ,limitation ,subclause 7i7 shall apply to any distributions only to the extent the aggregate of such distributions does not exceed #cj1jjj with respect to any qualified lapse in appropriations4 7iii7 ,qualified lapse in appropriations ,for purposes of this subparagraph1 the term qualified lapse in appropriations means a period of continuous lapse in ,federal appropriations 7including a partial lapse7 of at least #b weeks4 7iv7 ,other terms ,for purposes of this subparagraph1 the terms furlough and pay have the respective meanings given such terms by section #geaa of title #e1 ,united ,states ,code4 4 7b7 ,effective date ,the amendment made by this section shall apply to distributions made after ,december #ba1 #bjah4 #c4 ,thrift ,savings ,plan provisions 7a7 ,in-,service withdrawals ,section #hdcc7;h7 of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7#f7 7,a7 ,in this paragraph-- 7i7 the term applicable date1 with respect to a covered age-based withdrawal or covered hardship withdrawal made during a qualified lapse in appropriations1 means the date that is #abj days after the last day of the qualified lapse in appropriations2 7ii7 the term covered age-based withdrawal means a withdrawal under paragraph 7#a77;,a7 made during the period of a qualified lapse in appropriations2 7iii7 the term covered hardship withdrawal means a withdrawal described in subparagraph 7,b72 and 7iv7 the term qualified lapse in appropriations has the meaning given the term in section #gb7t77#b77;,h77iii7 of the ,internal ,revenue ,code of #aihf4 7,b7 ,the ,board shall permit an employee whose pay has been suspended due to a qualified lapse in appropriations to make a withdrawal based upon financial hardship under paragraph 7#a77;,b7 if-- 7i7 the withdrawal is made during the period of such qualified lapse in appropriations 7including withdrawals which are in process as of the end of such lapse72 and 7ii7 the aggregate amount of any such withdrawals during the period described in clause 7i7 does not exceed #cj1jjj4 7,c7 ,the ,board may not limit the number of covered hardship withdrawals that an employee may make during the period of a qualified lapse in appropriations1 subject to the dollar limitation under subparagraph 7,b77ii74 7,d7 ,a covered hardship withdrawal made by an employee shall not affect the ability of the employee to contribute to the ,thrift ,savings ,fund on and after the date on which the applicable qualified lapse in appropriations ends4 7,e7 7i7 ,an individual who makes #a or more covered age-based withdrawals during the period of a qualified lapse in appropriations may1 before the applicable date1 contribute to the ,thrift ,savings ,fund an amount not to exceed the lower of-- 7,i7 the aggregate amount of the withdrawals2 or 7,,ii7 #cj1jjj4 7ii7 ,an individual who makes #a or more covered hardship withdrawals during the period of a qualified lapse in appropriations may1 before the applicable date1 contribute to the ,thrift ,savings ,fund an amount not to exceed the aggregate amount of the withdrawals4 7iii7 ,the dollar limitations otherwise applicable to employee contributions under this title or the ,internal ,revenue ,code of #aihf shall not apply to any contribution made under this subparagraph4 ,any such contribution shall be disregarded for purposes of section #hdcb7;d7 of this title and section #dae7;c77#b7 of such ,code4 4 7b7 ,loans ,section #hdcc7;g7 of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7#e7 ,the ,board shall prescribe rules providing for the secure distribution of the proceeds of a loan under this subsection through an electronic funds transfer1 if such a transfer is requested by the employee or ,member receiving the loan4 7#f7 ,the ,board shall prescribe rules allowing loans to be made under this subsection to employees during a lapse in appropriations1 without regard to the period of the lapse in appropriations4 7#g7 7,a7 ,in this paragraph-- 7i7 the term payment missed because of a shutdown means a payment-- 7,i7 on a loan under this subsection made to an employee whose pay has been suspended due to a qualified lapse in appropriations2 7,,ii7 that is due during the qualified lapse in appropriations2 and 7,,iii7 that was not paid by the employee2 and 7ii7 the term qualified lapse in appropriations has the meaning given the term in section #gb7t77#b77;,h77iii7 of the ,internal ,revenue ,code of #aihf4 7,b7 ,the ,board shall prescribe rules providing that the full amount due for any payments missed because of a shutdown by an employee shall be deducted and withheld from the pay provided to the employee for the period of the qualified lapse in appropriations4 4 #d4 ,missed loan payments not to be treated as taxable distribution during a qualified lapse in appropriations 7a7 ,in general ,paragraph 7#b7 of section #gb7p7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subparagraph3 7,e7 ,special rule for missed loan repayment during a qualified lapse in appropriations ,subparagraph 7,a7 shall not fail to apply to any loan from the ,thrift ,savings ,plan under subchapter ,,iii of chapter #hd of title #e1 ,united ,states ,code1 solely because there is a payment missed because of a shutdown 7as defined in section #hdcc7;g77#g77;,a7 of title #e1 ,united ,states ,code7 with respect to such loan1 and such loan 7or any portion of such loan7 shall not be treated as a taxable distribution solely because of such missed payment4 4 7b7 ,effective date ,the amendment made by this section shall apply to missed loan payments the due date for which is after ,december #ba1 #bjah4