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Public Law113th CongressGovernment Operations and Politics
H.R. 4193Became Law

Smart Savings Act

This bill became law

Filed
Comm.
Floor
Both
Law

What it doesSummary 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.

What just happenedDec 18, 2014

Became Public Law No: 113-255.

Who’s behind it

Rep. Issa, Darrell E. [R-CA-49](R-CA)Sponsor
6 cosponsors4 D2 R
Read on Congress.gov
6cosponsors1committees23actions1related bills4subjects
  1. Dec 18, 2014President

    Became Public Law No: 113-255.

  2. Dec 18, 2014BecameLaw36000

    Became Public Law No: 113-255.

  3. Dec 18, 2014President

    Signed by President.

  4. Dec 18, 2014BecameLaw36000

    Signed by President.

  5. Dec 12, 2014Floor

    Presented to President.

  6. Dec 12, 2014President28000

    Presented to President.

  7. Dec 11, 2014Floor

    Message on Senate action sent to the House.

  8. Dec 10, 2014Floor

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S6580)

  9. Dec 10, 2014Floor17000

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S6580)

  10. Jul 15, 2014IntroReferral

    Received in the Senate, read twice.

  11. Jul 14, 2014FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6162)

  12. Jul 14, 2014Floor8000

    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)

  13. Jul 14, 2014FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4193.

  14. Jul 14, 2014FloorH30000

    Considered under suspension of the rules. (consideration: CR H6162-6164)

  15. Jul 14, 2014FloorH30300

    Mr. Gosar moved to suspend the rules and pass the bill, as amended.

  16. Jun 30, 2014CalendarsH12410

    Placed on the Union Calendar, Calendar No. 379.

  17. Jun 30, 2014CommitteeH12200

    Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.

    Oversight and Accountability Committee
  18. Jun 30, 2014Committee5000

    Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.

    Oversight and Accountability Committee
  19. Mar 12, 2014Committee

    Ordered to be Reported by Voice Vote.

    Oversight and Accountability Committee
  20. Mar 12, 2014Committee

    Committee Consideration and Mark-up Session Held.

    Oversight and Accountability Committee
  21. Mar 11, 2014IntroReferralH11100

    Referred to the House Committee on Oversight and Government Reform.

    Oversight and Accountability Committee
  22. Mar 11, 2014IntroReferralIntro-H

    Introduced in House

  23. Mar 11, 2014IntroReferral1000

    Introduced in House

Public LawDec 18, 201449

(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.

Passed Senate without amendmentDec 10, 201482

(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.

Passed House amendedJul 14, 201436

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.

Reported to House without amendmentJun 30, 201479

(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.

Introduced in HouseMar 11, 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. 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.