S.2257: Correctional Officer Fairness Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about taxation
You can read the bill
Sponsor Patrick J. Toomey, R-Pa.
Total Cosponsors 0
Introduced April 28, 2014
Latest Major Action April 28, 2014
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Correctional Officer Fairness Act of 2014 - Amends the Internal Revenue Code to exempt from the 10% additional tax on early distributions from tax-exempt retirement plans distributions from a thrift savings fund to a qualified federal correctional officer who has reached age 50 or has completed 25 years of credible service, whichever is earlier. Defines "qualified federal correctional officer" as an individual who is employed by the Bureau of Prisons as a correctional officer and has completed 20 years of creditable service.

(Source: Congressional Research Service)

Bill Actions

Date Description
April 28, 2014 Read twice and referred to the Committee on Finance.