US Congress Senate Bill 2117 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on September 17 2014 - 50% progression, died in chamber
Action: 2014-09-17 - Held at the desk.
Text: Latest bill text (Engrossed) [PDF]

Smart Savings Act - Makes the default investment in the Thrift Savings Plan (TSP) an age-appropriate target date asset allocation portfolio (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 before being enrolled to make TSP contributions. Makes this Act: (1) effective on the date the Executive Director of the Federal Retirement Thrift Investment Board issues guidance for implementing this Act, and (2) applicable to individuals who enroll in the Thrift Savings Plan on or after such date. Extends requirements relating to fiduciary protections to TSP beneficiaries.

Smart Savings Act

Sen. Elizabeth Warren [D-MA]	Sen. Mark Begich [D-AK]	Sen. Michael Enzi [R-WY]	Sen. Rob Portman [R-OH]
Sen. Jon Tester [D-MT]

Date	Chamber	Action
2014-09-17	House	Held at the desk.
2014-09-17	House	Message on Senate action sent to the House.
2014-09-17	House	Received in the House.
2014-09-16	Senate	Passed Senate with an amendment by Unanimous Consent.
2014-09-16	Senate	S.AMDT.3821 Amendment SA 3821 agreed to in Senate by Unanimous Consent.
2014-09-16	Senate	S.AMDT.3821 Amendment SA 3821 proposed by Senator Heitkamp for Senator Warren. (consideration: CR S5647; text: CR S5647)In the nature of a substitute.
2014-09-16	Senate	Measure laid before Senate by unanimous consent. (consideration: CR S5647)
2014-08-26	Senate	By Senator Carper from Committee on Homeland Security and Governmental Affairs filed written report under authority of the order of the Senate of 08/05/2014. Report No. 113-244.
2014-07-31	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.
2014-07-31	Senate	Committee on Homeland Security and Governmental Affairs. Reported by Senator Carper without amendment. Without written report.
2014-06-25	Senate	Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
2014-03-12	Senate	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

HB4193 (Related) 2014-12-18 - Became Public Law No: 113-255.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2117/all-info
Text	https://www.congress.gov/113/bills/s2117/BILLS-113s2117is.pdf
Text	https://www.congress.gov/113/bills/s2117/BILLS-113s2117rs.pdf
Text	https://www.congress.gov/113/bills/s2117/BILLS-113s2117es.pdf