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H.R. 4193 · 113th Congress

Smart Savings Act

Law · 113-255 · Dec 18, 2014
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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.

DIR IssaSponsor
6 cosponsors · 4 D, 2 R

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. House Introduced Mar 11, 2014
  2. House Passed Jul 14, 2014
  3. Senate Passed Dec 10, 2014
  4. President To the President Dec 12, 2014
  5. President Signed Dec 18, 2014
  6. Law Dec 18, 2014

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.

What it does: CRS summary · Public Law · Dec 18, 2014

(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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Smart Savings Act

Latest action (Dec 18, 2014): Became Public Law No: 113-255.

Policy area: Government Operations and Politics · Origin: House · Introduced: Mar 11, 2014

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. House Introduced Mar 11, 2014
  2. House Passed Jul 14, 2014
  3. Senate Passed Dec 10, 2014
  4. President To the President Dec 12, 2014
  5. President Signed Dec 18, 2014
  6. Law Dec 18, 2014

No recorded floor vote found.