S 4044
Resources act
Resources Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Resources Act aims to improve financial literacy and retirement planning for members of the Armed Forces. It establishes an Advisory Council on Financial Readiness to advise the Secretary of Defense, modifies retirement pay requirements, and mandates improved financial literacy training, including a standardized curriculum and access to qualified counselors. The bill also expands access to information about the Thrift Savings Plan and makes adjustments to lump-sum payment options for retirees, including an additional election period and enhanced disclosures.
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