3.0.0 5946 2019-11-15T20:50:56Z 2019-11-15T20:50:56Z House H HR 2012-06-12 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MARKEY:H.R. 5946.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8.[Page H3703]]]> hsas00 Armed Services Committee House Standing hsas02 Military Personnel Subcommittee Referred to 2012-07-10T13:28:25Z Referred to 2012-06-12T14:09:26Z 2012-07-10 hsas02 Military Personnel Subcommittee 1 House committee actions Referred to the Subcommittee on Military Personnel. Committee 2012-06-12 Referred to the House Committee on Armed Services. IntroReferral H11100 2 House floor actions hsas00 Armed Services Committee 2012-06-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-06-12 Introduced in House IntroReferral 1000 9 Library of Congress M000133 Rep. Markey, Edward J. [D-MA-7] Edward Markey D MA J. 7 N T000465 Rep. Tsongas, Niki [D-MA-5] Niki Tsongas D MA 5 2012-06-12 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2012-06-12 True Armed Forces and National Security Bank accounts, deposits, capital Congressional oversight Consumer credit Financial literacy Financial services and investments Interest, dividends, interest rates Military personnel and dependents Armed Forces and National Security 00 2012-06-12 Introduced in House 2012-10-11T14:24:58Z Military Savings Act of 2012 - Directs the Undersecretary of Defense (Comptroller) to carry out a five-year pilot program to develop innovative consumer financial products that encourage savings and wealth-creation among active-duty servicemembers. Requires the program to be carried out in such a way that it does not exacerbate the incidence of servicemember credit overextension. Directs the Undersecretary to choose at least 10 military installations at which to implement the program.

Directs the Undersecretary to contract for an annual independent program evaluation until its termination.

Allows the Undersecretary, under certain conditions, to expand the program to a nationwide program and to extend its duration.

]]> Military Savings Act of 2012 Short Titles as Introduced Military Savings Act of 2012 Display Title Military Savings Act of 2012 Official Title as Introduced To direct the Undersecretary of Defense (Comptroller) to carry out a pilot program to develop innovative consumer financial products that encourage savings and wealth-creation among active-duty servicemembers. Introduced in House 2012-06-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5946ih/xml/BILLS-112hr5946ih.xml 2012-07-10 Referred to the Subcommittee on Military Personnel. 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.