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114-hr-6493114th Congress

Service Members Financial Planning Assistance Act of 2016

Sponsored By: Representative Veasey, Marc A. [D-TX-33]

Unknown

Summary

Service Members Financial Planning Assistance Act of 2016 This bill amends the National Defense Authorization Act for Fiscal Year 2016, effective as of January 1, 2018, to require the department concerned (Department of the Army, Navy, Air Force, Homeland Security, or Commerce) to ensure that certain members of the uniformed services who will be eligible to make an election of lump sum payment of certain military retired pay have access to retirement planning assistance with a certified financial planner, at no cost, by December 30, 2017, to help weigh the potential benefits and drawbacks of making such election and of selecting a particular payment percentage.

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Bill Overview

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Sponsors & CoSponsors

Sponsor

Veasey, Marc A. [D-TX-33]

TX • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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