IB 

Union Calendar No. 379 

113TH CONGRESS 

2D SESSION H. R. 4193 

[Report No. 113–507] 

To amend title 5, United States Code, to change the default investment 

fund under the Thrift Savings Plan, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 11, 2014 

Mr. ISSA (for himself, Mr. CUMMINGS, Mr. WOODALL, Mr. LYNCH, Mr. CONNOLLY, and Mr. FARENTHOLD) introduced the following bill; which was 

referred to the Committee on Oversight and Government Reform 

JUNE 30, 2014 

Additional sponsor: Ms. NORTON

JUNE 30, 2014 

Committed to the Committee of the Whole House on the State of the Union 

and ordered to be printed 


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•HR 4193 RH

A BILL 

To amend title 5, United States Code, to change the default 

investment fund under the Thrift Savings Plan, and 

for other purposes. 


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•HR 4193 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Smart Savings Act’’. 

5 SEC. 2. THRIFT SAVINGS PLAN DEFAULT INVESTMENT 

6 FUND. 

7 (a) IN GENERAL.—Section 8438(c)(2) of title 5, 

8 United States Code, is amended to read as follows: 

9 ‘‘(2)(A) Consistent with the requirements of subpara10 graph (B), if an election has not been made with respect 

11 to any sums available for investment in the Thrift Savings 

12 Fund, the Executive Director shall invest such sums in 

13 an age-appropriate target date asset allocation investment 

14 fund, as determined by the Executive Director. Such in15 vestment fund shall consist of any of the funds described 

16 in subsection (b). 

17 ‘‘(B) If an election has not been made by an eligible 

18 member under section 8440e with respect to any sums 

19 available for investment in such member’s Thrift Savings 

20 Fund account, the Executive Director shall invest such 

21 sums in the Government Securities Investment Fund.’’. 

22 (b) ACKNOWLEDGMENT OF RISK.—Section 8439(d) 

23 of title 5, United States Code, is amended— 

24 (1) by inserting ‘‘(1)’’ before ‘‘Each employee’’; 

25 and 


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1 (2) by adding at the end the following new 

2 paragraph: 

3 ‘‘(2) Prior to enrollment in the Thrift Savings Plan, 

4 an individual covered by section 8438(c)(2)(A) shall sign 

5 the risk acknowledgment described under paragraph (1).’’. 

6 (c) TECHNICAL AND CONFORMING AMENDMENT.— 

7 Section 8472(g)(2) of title 5, United States Code, is 

8 amended by striking ‘‘required by section 8438 of this title 

9 to be invested in securities of the Government’’ and insert10 ing ‘‘under section 8438(c)(2)(B)’’. 

11 (d) GUIDANCE.—Not later than 9 months after the 

12 date of enactment of this Act, the Executive Director (as 

13 that term is defined under section 8401(13) of title 5, 

14 United States Code) shall develop and issue guidance im15 plementing the requirements of this Act. 

16 (e) EFFECTIVE DATE AND APPLICATION.—The 

17 amendments made by subsections (a) and (b) shall— 

18 (1) take effect on the date that the Executive 

19 Director issues guidance under subsection (d); and 

20 (2) apply to individuals enrolled in the Thrift 

21 Savings Plan on or after such date. 


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Union Calendar No. 379 

113TH CONGRESS 

2D SESSION H. R. 4193 

[Report No. 113–507] 

A BILL 

To amend title 5, United States Code, to change 

Savings Plan, and for other purposes. the default investment fund under the Thrift 

JUNE 30, 2014 

Committed to the Committee of the Whole House on the 

State of the Union and ordered to be printed 


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