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Code · BILL · 115th Congress · H.R. 5118 (Introduced in House) — To establish USAccounts, and for other purposes. · Sec. 5

Sec. 5. Assignment, alienation, and treatment of deceased individuals

135 words·~1 min read·/bill/115/hr/5118/ih/section-5·

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Under regulations which shall be prescribed by the Executive Director, rules relating to assignment and alienation applicable under chapter 84 of title 5, United States Code, with respect to amounts held in accounts in the Thrift Savings Fund shall apply with respect to amounts held in USAccounts in the USAccount Fund. In the case of a deceased account holder of a USAccount which has an account balance greater than zero, upon receipt of notification of such individual’s death, the Executive Director shall close the account and shall transfer the balance in such account to the duly appointed legal representative of the estate of the deceased account holder, or if there is no such representative, to the person or persons determined to be entitled thereto under the laws of the domicile of the deceased account holder.
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