John Cornyn: “I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the…”

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 492 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Servicemember Retirement Improvement Act''. SEC. 2. ELECTIVE DEFERRALS BY MEMBERS OF THE READY RESERVE OF A RESERVE COMPONENT OF THE ARMED FORCES. (a) In General.--Section 402(g) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: ``(9) Elective deferrals by members of ready reserve.-- ``(A) In general.--In the case of a qualified ready reservist (other than a specified Federal employee ready reservist) for any taxable year, the limitations of subparagraphs (A) and (C) of paragraph (1) shall be applied separately with respect to-- ``(i) elective deferrals of such qualified ready reservist with respect to the Thrift Savings Fund (as defined in section 7701(j)), and ``(ii) any other elective deferrals of such qualified ready reservist.…”