We have received text from H.R. 9214: TSP Modernization Act. This bill was received on 2026-06-09, and currently has 21 cosponsors.
Here is a short summary of the bill:
This bill would require the Thrift Savings Plan (TSP), which is the retirement savings program for many federal employees and members of the uniformed services, to allow certain transfers of money from a TSP account to a qualified retirement plan to be done electronically.
What changes
- Starting one year after the bill becomes law , if a transfer from a TSP account to a qualified retirement plan at a brokerage firm is already allowed, that transfer would have to be available electronically .
- The person requesting the transfer would need to provide the information needed for the Federal Retirement Thrift Investment Board to complete it.
Other provisions
- The Executive Director of the Federal Retirement Thrift Investment Board, working with the Secretary of the Treasury, would have to submit a report to Congress one year after enactment explaining how the new electronic transfer process is being implemented.
- The bill defines Thrift Savings Fund by reference to the existing federal retirement law.
- It defines qualified retirement plan by reference to the Internal Revenue Code.
Practical effect
In plain terms, the bill is intended to make it easier and faster to move eligible retirement money out of the TSP and into another approved retirement plan by allowing the transfer to happen electronically instead of through more manual methods.
Relevant Companies
- None found
Representative Mike Bost Bill Proposals
Here are some bills which have recently been proposed by Representative Mike Bost:
- H.R.9237: Take Care of America’s Veterans Act
- H.R.9214: To provide for the electronic transfer of amounts from Thrift Savings Fund accounts to qualified retirement plans, and for other purposes.
- H.R.6779: USDA Loan Modernization Act
- H.R.6733: VISN Reform Act of 2025
- H.R.6710: Fiscal Year 2025 Veterans Affairs Major Medical Facility Authorization Act
- H.R.4633: USPS Act
You can track bills proposed by Representative Mike Bost on Quiver Quantitative's politician page for Bost.
Representative Mike Bost Net Worth
Quiver Quantitative estimates that Representative Mike Bost is worth $478.6K, as of June 18th, 2026. This is the 400th highest net worth in Congress, per our live estimates.
Bost has approximately $62.6K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Mike Bost's net worth on Quiver Quantitative's politician page for Bost.
2026 Illinois's 12th Congressional District Election
There has been approximately $1,735,044 of spending in Illinois's 12th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 Illinois's 12th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
