On the recordApril 21, 2004
The bill before us is not the least we can do. It is well beneath the least we should do. It is saying that if, when they are serving their country on extended deployment in the National Guard, they need to go into their retirement accounts to avoid family bankruptcy, that we are not going to charge them the penalty fee for early withdrawal of their retirement money. I am going to support this legislation because grim reality is many of our soldiers and their families are in precisely this fiscal predicament. But the leadership on the that majority side that allowed this bill to come up on the suspension calendar had so many other options, I wish it had done something more meaningful. One of the options is legislation I have introduced, the Guard and Reserve Fairness Act, H.R. 3317, and let me contrast the rather pitiful step we are taking with this legislation to what is in this bill. This bill, the Guard and Reserve Fairness Act, would allow those employers that continue to top off the pay of their employee who is on Guard deployment, it would allow them a tax credit for the dollars they advance holding the salary of their soldier level.
Source
govinfo.gov




