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S 2117 113th Congress Senate Government Operations and Politics Financial services and investments Government employee pay, benefits, personnel management Government trust funds Securities

Smart Savings Act

Introduced: March 12, 2014 Introduced by: Warren, Elizabeth Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2014
Held at the desk.
Sep 17, 2014
Message on Senate action sent to the House.
Sep 17, 2014
Received in the House.
Sep 16, 2014
Passed Senate with an amendment by Unanimous Consent.
Sep 16, 2014
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Sep 16, 2014
Measure laid before Senate by unanimous consent. (consideration: CR S5647)
Aug 26, 2014
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.
Jul 31, 2014
Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.
Jul 31, 2014
Committee on Homeland Security and Governmental Affairs. Reported by Senator Carper without amendment. Without written report.
Jun 25, 2014
Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
Mar 12, 2014
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Mar 12, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now September 17, 2014

Held at the desk.

 Committees of jurisdiction 1