To amend title 5, United States Code, to change the default investment fund under the Thrift Savings Plan, and for other purposes.
(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.
Held at the desk.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.
Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.
Placed on the Union Calendar, Calendar No. 379.
Mr. Gosar moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6162-6164)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4193.
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)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6162)
Received in the Senate, read twice.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S6580)
Enacted as Public Law 113-255
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Passed Senate without amendment by Unanimous Consent. (consideration: CR S6580)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 113-255.
Became Public Law No: 113-255.