HR 4193 · 113th Congress · Government Operations and Politics
Smart Savings Act
Bill Progress
1
Introduced✓
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 113-255.(2014-12-18)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4193, Smart Savings Act
May 9, 2014As ordered reported by House Committee on Oversight and Government Reform on March 12, 2014
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (6)
4 Democrats2 Republicans