More on Financial Services
WASHINGTON, D.C. – U.S. Representative Mark Walker (NC-06) recently introduced H.R. 6089, the Financial Independence for Disabled Veterans Act of 2016. This bill allows disabled veterans to contribute to their Thrift Savings Plan (TSP) account, using their disability compensation.
Last year, Congress gave our servicemen and servicewomen a new way to save for retirement by allowing them to contribute money to a TSP. The TSPs act similar to a 401k, deferring taxes and helping members of the military build a nest egg for the future.
The Export Import Bank is a taxpayer-backed lending institution chartered to support foreign purchases of domestic products, and it is set to expire at the end of the month. Since January, I have carefully considered its costs and benefits to the American taxpayer and evaluated if the 80-year-old bank warrants reauthorization.