3.0.0 6500 2022-02-03T05:17:09Z 2022-02-03T05:17:09Z House H HR 2008-07-15 110 hsgo00 Oversight and Accountability Committee House Standing Markup by 2008-07-16T19:01:13Z Referred to 2008-07-15T13:03:15Z 2008-07-16 hsgo00 Oversight and Accountability Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2008-07-16 hsgo00 Oversight and Accountability Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2008-07-15 Referred to the House Committee on Oversight and Government Reform. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2008-07-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-07-15 Introduced in House IntroReferral 1000 9 Library of Congress W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 N D000136 Rep. Davis, Tom [R-VA-11] THOMAS DAVIS R VA M. 11 2008-07-15 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2008-07-15 True 2008-07-24T04:00:00Z H.R. 6500, Thrift Savings Plan Enhancement Act of 2008 http://www.cbo.gov/publication/20102 <p>Cost estimate for the bill as ordered reported by the House Committee on Oversight and Government Reform on July 16, 2008</p> 2008-07-24T04:00:00Z H.R. 6500, Thrift Savings Plan Enhancement Act of 2008 https://www.cbo.gov/publication/20102 Cost estimate for the bill as ordered reported by the House Committee on Oversight and Government Reform on July 16, 2008 Government Operations and Politics Administrative procedure Civil service retirement Federal Retirement Thrift Investment Board Federal employees Finance and Financial Sector Individual retirement accounts Investments Labor and Employment Law Mutual funds Payroll deductions Government Operations and Politics 00 2008-07-15 Introduced in House 2008-10-14T20:00:15Z Thrift Savings Plan Enhancement Act of 2008 - Revises requirements for participation in the Thrift Savings Plan (TSP) to require the Federal Retirement Thrift Investment Board to provide regulations for automatic enrollment of new participants to make contributions at the default percentage of basic pay.

Allows a default investment in an alternative fund or funds (in lieu of the Government Securities Investment Fund (G Fund)), as the Board may designate in regulations, if an election has not been made with respect to any TSP sums available for investment.

Requires the Board to include in the TSP, by regulation, a qualified Roth contribution progam (under which an employee may elect to make designated Roth contributions in lieu of elective deferrals under the retirement plan).

Authorizes the Board to permit the addition of self-directed investment options under the TSP if it determines that such an addition would be in the best interests of participants.

Limits such investment options to: (1) low-cost, passively-managed index funds that offer diversification benefits; and (2) other appropriate retirement investment vehicles for participants.

Deems a participant, in the case of a default investment in the G Fund or an alternative fund, to have: (1) elected to invest in such fund; and (2) executed the acknowledgement of risk otherwise required.

]]> Thrift Savings Plan Enhancement Act of 2008 Short Titles as Introduced Thrift Savings Plan Enhancement Act of 2008 Display Title Thrift Savings Plan Enhancement Act of 2008 Official Title as Introduced To amend title 5, United States Code, to provide for the automatic enrollment of new participants in the Thrift Savings Plan, and for other purposes. Introduced in House 2008-07-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6500ih/xml/BILLS-110hr6500ih.xml 2008-07-16 Ordered to be Reported (Amended) by Voice Vote. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.