Smart Savings Act
Public Law 113-255 · H.R. 4193 · 113th Congress · began in the House
Signed by Barack Obama (D) on Dec 18, 2014 · Government Operations and Politics
Sponsor: Rep. Darrell Issa (R-CA-49)
Cosponsors (6): Rep. Elijah Cummings, Rep. Rob Woodall,
Passage votes
- HouseVoice vote
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
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.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Related bills
1 bill the Library of Congress relates to this one.
S. 2117Related bill
Smart Savings Act
Data notes
Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 16 actions.
- Dec 18, 2014Became lawBecame law · Became Public Law No: 113-255.
- Became lawBecame law · Signed by President.
- Dec 12, 2014FloorFloor · Presented to President.
- Dec 11, 2014FloorFloor · Message on Senate action sent to the House.
- Dec 10, 2014FloorFloor · Passed Senate without amendment by Unanimous Consent.
- Jul 15, 2014CommitteeCommittee · Received in the Senate, read twice.
- Jul 14, 2014FloorFloor · On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- FloorFloor · DEBATE - The House proceeded with forty minutes of debate on H.R. 4193.
- FloorFloor · Considered under suspension of the rules.
- FloorFloor · Mr. Gosar moved to suspend the rules and pass the bill, as amended.
- Jun 30, 2014CalendarCalendar · Placed on the Union Calendar, Calendar No. 379.
- CommitteeCommittee · Reported by the Committee on Oversight and Government Reform. H. Rept. 113-507.
- Mar 12, 2014CommitteeCommittee · Ordered to be Reported by Voice Vote.
- CommitteeCommittee · Committee Consideration and Mark-up Session Held.
- Mar 11, 2014CommitteeCommittee · Referred to the House Committee on Oversight and Government Reform.
- IntroducedIntroduced · Introduced in House
Data notes
Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.
Amendments
No amendments to this bill are on record.
Data notes
Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.
Official record
The bill’s full text is on Congress.gov. Data through Oct 7, 2026.