3.0.0 3218 2023-01-11T13:41:49Z 2023-01-11T13:41:49Z Senate S 2018-07-17 115 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2018-07-17T18:50:15Z 2018-07-17 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2018-07-17 Introduced in Senate IntroReferral 10000 9 Library of Congress H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND N C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2018-07-17 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2018-07-17 True Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2018-07-17 True Labor and Employment Administrative law and regulatory procedures Bank accounts, deposits, capital Congressional oversight Department of the Treasury Employee benefits and pensions Federal preemption Government studies and investigations State and local government operations Labor and Employment 00 2018-07-17 Introduced in Senate 2019-04-15T23:15:48Z Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018

This bill allows employers to enroll employees in short-term savings accounts that are funded using automatic contributions deducted from participating employees' wages.

For each pay period, the employer must transfer to the account an amount equal to the percentage of the employee's compensation or a fixed amount, as determined by the employer.

Employees may elect to adjust, stop, or pause their contributions. The balance in an account may not exceed $10,000 (adjusted annually for inflation) and must be made readily available to the employee at any time.

]]> Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018 Display Title Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018 Official Title as Introduced A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies. Introduced in Senate IS Short Titles as Introduced Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018 Introduced in Senate 2018-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3218is/xml/BILLS-115s3218is.xml 2018-07-17 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. 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.