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Code · STATUTE-COMPILATIONS · William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 · Sec. 628

Sec. 628. STUDY ON FEASIBILITY AND ADVISABILITY OF TSP CONTRIBUTIONS BY MILITARY SPOUSES

279 words·~1 min read·/statute-compilations/comps-16736/sec-628

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## SEC. 628 STUDY ON FEASIBILITY AND ADVISABILITY OF TSP CONTRIBUTIONS BY MILITARY SPOUSES ###
(a)Study Required The Secretary of Defense shall conduct a study on the feasibility and advisability of potential enhancements to the military Thrift Savings Plan administered by the Federal Retirement Thrift Investment Board. ###
(b)Elements The study under subsection
(a)shall include the following: ####
(1)An evaluation of the effect of allowing military spouses to contribute or make eligible retirement account transfers to the military Thrift Savings Plan account of the member of the Armed Forces to whom that military spouse in married. ####
(2)Legislation the Secretary determines necessary to permit contributions and transfers described in paragraph (1). ###
(c)Reporting ####
(1)Initial report Not later than February 1, 2021, the Secretary of Defense shall submit to the Committee on Homeland Security & Governmental Affairs of the Senate, the Committee on Oversight and Reform of the House of Representatives, and the Federal Retirement Thrift Investment Board, a report on the results of the study under subsection (a). ####
(2)Analysis Not later than 60 days after receiving the report under paragraph (1), the Federal Thrift Savings Retirement Board shall analyze the report under paragraph (1), generate recommendations and comments it determines appropriate, and submit such analysis, recommendations, and comments to the Secretary. ####
(3)Final report Not later than April 1, 2021, the Secretary shall submit to the Committees on Armed Services of the Senate and House of Representatives— #####
(A)the report under paragraph (1); #####
(B)the analysis, recommendations, and comments under paragraph (2); and #####
(C)the recommendations of the Secretary regarding elements described in subsection (b).
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