Smart Savings Act became law 282 days after introduction, with cosponsors from both parties
Written by the Congressional Research Service [2]. 114 words.
(This measure has not been amended since it was passed by the House on July 14, 2014. The summary of that version is repeated here.) Smart Savings Act - Makes the default investment in the Thrift Savings Plan (TSP) an age-appropriate target date asset allocation investment fund (L Fund), instead of the Government Securities Investment Fund (G Fund), if no election has been made for the investment of available funds. Retains the Government Securities Investment Fund as the default fund for members of the Uniformed Services. Requires TSP participants whose default fund is an age-appropriate L Fund to receive a risk acknowledgement prior to enrollment. Extends requirements relating to fiduciary protections to TSP beneficiaries.
- Committees
- House Oversight and Accountability Committee
- Policy area
- Government Operations and Politics: 580 of 5,914 bills became law, 113th–118th (9.8%)
- Sponsor
- 7 of 196 bills enacted since 2013
- Text versions
- 6, from enrolled bill to public law · 668 words
- Subjects
- Financial services and investmentsGovernment employee pay, benefits, personnel managementGovernment trust fundsSecurities
- Latest action
- Dec 18, 2014: Became Public Law No: 113-255.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 1 in all.
Related, per CRS or House · 1
- 113th S. 2117 Smart Savings Act D · Passed one chamber