United States 113th Congress Status: Died 1 D cosponsors

S 2117 — Smart Savings Act

Last action — Held at the desk.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 113th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

Read S 2117 on the official United States source →

Action History

  1. Held at the desk.

  2. Message on Senate action sent to the House.

  3. Received in the House.

  4. Passed Senate with an amendment by Unanimous Consent.

  5. S.AMDT.3821 Amendment SA 3821 agreed to in Senate by Unanimous Consent.

  6. 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.

  7. Measure laid before Senate by unanimous consent. (consideration: CR S5647)

  8. 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.

  9. Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.

  10. Committee on Homeland Security and Governmental Affairs. Reported by Senator Carper without amendment. Without written report.

  11. Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.

  12. Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 2117 do?
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.
Who sponsors S 2117?
S 2117 is sponsored by Elizabeth Warren (D).
What is the current status of S 2117?
This bill died with 113th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 2117?
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Last checked for changes about 9 hours ago · updated continuously

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