H.R. 159: Citizen Legislature Anti-Corruption Reform of Public Service Act
This bill, titled the "Citizen Legislature Anti-Corruption Reform of Public Service Act," proposes significant changes to the retirement benefits of Members of Congress. Below are the main points of the bill:
Termination of Retirement Benefits
The bill seeks to eliminate retirement benefits for Members of Congress by making the following changes:
- Civil Service Retirement System (CSRS):
- No further government contributions or deductions from their pay for this retirement system will occur.
- Previous rights or entitlements related to this system remain unaffected.
- Members will still be eligible to participate in the Thrift Savings Plan, which is a retirement savings plan.
- Federal Employees Retirement System (FERS):
- Similar provisions apply, meaning all Members who were part of FERS prior to enactment will not be covered under it after the 90-day period.
- Like CSRS, no further contributions to this retirement system will be made on their behalf.
- As with CSRS, prior rights or entitlements remain unaffected.
- Members maintain the right to participate in the Thrift Savings Plan.
Regulatory Authority
The bill gives authority to establish necessary regulations to implement these changes:
- The Director of the Office of Personnel Management can prescribe regulations necessary for CSRS.
- For FERS related regulations, the Executive Director of the Thrift Savings Plan will be responsible.
Exclusions
The bill specifies that the Vice President of the United States is not included in the term "Member" regarding these retirement coverage changes.
Impact on Existing Benefits
The bill clarifies that it does not affect the existing benefits of Members of Congress accrued before the enactment of this legislation, ensuring that any retirement benefits earned up to that point will remain intact.
Summary of Changes
In essence, the bill will:
- Stop future retirement benefits for elected Members of Congress, affecting both the CSRS and FERS plans.
- Ensure that previous benefits do not get modified or nullified.
- Allow participation in the Thrift Savings Plan to continue.
Relevant Companies
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This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Jan. 03, 2025 | Introduced in House |
| Jan. 03, 2025 | Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Corporate Lobbying
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Potentially Relevant Congressional Stock Trades
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