S. 3175 (112th): Save More Tomorrow Act of 2012

Introduced:
May 14, 2012 (112th Congress, 2011–2013)
Sponsor:
Sen. Daniel Akaka [D-HI]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on May 14, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 14, 2012
Referred to Committee May 14, 2012
Cosponsors
none
Committees

Senate Homeland Security and Governmental Affairs

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend subchapter III of chapter 84 of title 5, United States Code, to authorize certain employees to be automatically enrolled to increase contributions to Thrift Savings Plan accounts.

Summary

No summaries available.

Text

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Last updated May 14, 2012.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/14/2012--Introduced.
Save More Tomorrow Act of 2012 - Directs the Executive Director of the Federal Retirement Thrift Investment Board to provide by regulation for federal employees to be automatically enrolled to increase their contributions to their Thrift Savings Plan accounts over the default contribution percentage amount (i.e., 3% of basic pay) by 1% in each of at least the two years following the first year of enrollment.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

  • Title 5: GOVERNMENT ORGANIZATION AND EMPLOYEES
  • Part III: EMPLOYEES
  • Subpart G: Insurance and Annuities
  • Chapter 84: FEDERAL EMPLOYEES’ RETIREMENT SYSTEM
  • Subchapter III: THRIFT SAVINGS PLAN
  • Section 8432: Contributions

Other Citations

  • 5 U.S.C. Chapter 84