To exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor, Immigration.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section idca0f3f97be954539b15007ba413bb70a: 1. Short title This Act may be cited as the Federal Employee Locality Accountability in Retirement Act.
- Section idC4DDB55E9F464A959B003D8D57F73218: 2. Exclusion of locality adjustments from retirement annuities Section 8401 of title 5, United States Code, is amended— in paragraph (3), by inserting , which...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Labor, Immigration
Primary Purpose
This bill, To exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Cassidy introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
an individual who— on the date of enactment of this paragraph— is not an employee or Member covered under this chapter
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology