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Sen. Wyden Introduces Bill to Keep Contractors Afloat During Shutdowns

Senator Ron Wyden (D-OR)

U.S. Senator Ron Wyden joined Democratic colleagues in pushing for a bill that would allow federal contractors — who do not received back pay — to access funds during a future shutdown.

Posted: Feb 14, 2019 6:04 PM

WASHINGTON, D.C. — U.S. Senator Ron Wyden of Oregon is among a group of Democrats introducing a new bill aimed at helping federal contractors in the event of another government shutdown.

“Federal employees who missed paychecks during the Trump shutdown will eventually get their back pay, but nobody should forget about the millions of contractors and their families left uncovered after a senseless five-week shutdown,” said Wyden, Ranking Member of the Senate Finance Committee.

The Emergency Relief for Federal Contractors Act would waive an existing 10 percent penalty for federal contractors taking a hardship withdrawal from their retirement account. It would also allow those contractors to recontribute those distributions up to $30,000 within a three-year period.

For contractors who don't recontribute their qualified shutdown distribution, this bill would allow them to include the amount of their qualified shutdown distributions ratably over a three-taxable-year period.

“When the government shuts down and contractors miss paychecks through no fault of their own, they should not be penalized for dipping temporarily into their retirement savings to make ends meet,” Wyden said. “This is a commonsense way to relieve some of the financial pressure that government shutdowns inflict on contractors, many of whom are already living paycheck to paycheck in the best of circumstances.”

Wyden was joined by U.S. Senators Catherine Cortez Masto and Patty Murray in introducing the bill, and found co-sponsors in a number of other leading Democratic Senators.

Oregon Coronavirus Cases

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Cases: 387485

Reported Deaths: 5116
CountyCasesDeaths
Multnomah59768836
Washington41571393
Marion39592504
Clackamas32426376
Lane29856354
Jackson24672350
Deschutes23182185
Umatilla15087180
Linn14488178
Douglas13236286
Josephine10057240
Yamhill9665142
Klamath8979145
Polk813698
Benton605137
Malheur591586
Coos5573106
Columbia423855
Jefferson416865
Lincoln357252
Union336854
Crook330156
Wasco314846
Clatsop258335
Baker217531
Tillamook214345
Hood River211337
Morrow197025
Curry190136
Harney119332
Grant108314
Lake104016
Wallowa74713
Sherman1903
Gilliam1844
Wheeler1141
Unassigned00

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Cases: 5061240

Reported Deaths: 74159
CountyCasesDeaths
Los Angeles152548627128
San Diego4047084319
Riverside3849455306
San Bernardino3718825944
Orange3329505675
Sacramento1674002423
Kern1565171781
Fresno1558992246
Santa Clara1511691922
Alameda1246581504
San Joaquin1070001833
Ventura1036461188
Contra Costa1032921045
Stanislaus912991413
Tulare856141082
San Francisco56614669
San Mateo56058629
Monterey52340625
Solano47422356
Santa Barbara47035548
Merced44807664
Sonoma42912412
Placer41881468
Imperial38128769
Kings35038358
San Luis Obispo31294358
Madera26005311
Shasta25917440
Butte25295309
Santa Cruz22028222
Yolo21451257
Marin18342248
El Dorado18166161
Sutter14494181
Napa13372104
Yuba1070088
Tehama10230129
Humboldt10043117
Nevada9914103
Mendocino848894
Lassen792355
San Benito775977
Tuolumne767790
Lake6990110
Amador573766
Siskiyou470954
Glenn455136
Calaveras435685
Del Norte371242
Colusa323519
Inyo254345
Plumas19127
Mono18294
Mariposa156718
Trinity98817
Modoc7475
Unassigned2430
Sierra2170
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