H.R. 5946 · 112th Congress
Military Savings Act of 2012
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MarkeySponsor2 cosponsors · 2 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Military Savings Act of 2012 - Directs the Undersecretary of Defense (Comptroller) to carry out a five-year pilot program to develop innovative consumer financial products that encourage savings and wealth-creation among active-duty servicemembers.
What it does: CRS summary · Introduced in House · Jun 12, 2012
Military Savings Act of 2012 - Directs the Undersecretary of Defense (Comptroller) to carry out a five-year pilot program to develop innovative consumer financial products that encourage savings and wealth-creation among active-duty servicemembers. Requires the program to be carried out in such a way that it does not exacerbate the incidence of servicemember credit overextension. Directs the Undersecretary to choose at least 10 military installations at which to implement the program.
Directs the Undersecretary to contract for an annual independent program evaluation until its termination.
Allows the Undersecretary, under certain conditions, to expand the program to a nationwide program and to extend its duration.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Military Savings Act of 2012
Latest action (Jul 10, 2012): Referred to the Subcommittee on Military Personnel.
Policy area: Armed Forces and National Security · Origin: House · Introduced: Jun 12, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.