Smart Savings Act

Bill: 113-hr-4193
Sponsor: Rep. Issa, Darrell E. [R-CA-49]
Introduced: 2014-03-11 in the House
Policy area: Government Operations and Politics
Subjects: Financial services and investments
Government employee pay, benefits, personnel management
Government trust funds
Securities

Summary:
action_date: 2014-03-11
text: 
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 sign a risk acknowledgement prior to enrollment. 

action_date: 2014-06-30
text: 

(This measure has not been amended since it was introduced. 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 sign a risk acknowledgement prior to enrollment. 

action_date: 2014-07-14
text: 
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. 

action_date: 2014-12-10
text: 

(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. 

action_date: 2014-12-18
text: 

(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. 


Legislative actions:
action_date: 2014-12-18
text: Became Public Law No: 113-255.
action_date: 2014-12-18
text: Became Public Law No: 113-255.
action_date: 2014-12-18
text: Signed by President.
action_date: 2014-12-18
text: Signed by President.
action_date: 2014-12-12
text: Presented to President.
action_date: 2014-12-12
text: Presented to President.
action_date: 2014-12-11
text: Message on Senate action sent to the House.
action_date: 2014-12-10
text: Passed Senate without amendment by Unanimous Consent. (consideration: CR S6580)
action_date: 2014-12-10
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S6580)
action_date: 2014-07-15
text: Received in the Senate, read twice.
action_date: 2014-07-14
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6162)
action_date: 2014-07-14
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6162)
action_date: 2014-07-14
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4193.
action_date: 2014-07-14
text: Considered under suspension of the rules. (consideration:  CR H6162-6164)
action_date: 2014-07-14
text: Mr. Gosar moved to suspend the rules and pass the bill, as amended.
action_date: 2014-06-30
text: Placed on the Union Calendar, Calendar No. 379.
action_date: 2014-06-30
text: Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.
action_date: 2014-06-30
text: Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.
action_date: 2014-03-12
text: Ordered to be Reported by Voice Vote.
action_date: 2014-03-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2014-03-11
text: Referred to the House Committee on Oversight and Government Reform.
action_date: 2014-03-11
text: Introduced in House
action_date: 2014-03-11
text: Introduced in House

Enacted as: number: 113-255