Re-open Enrollment for Servicemembers to Opt-in to Updated Retirement Choice for Enduring Security Act of 2020 or the RESOURCES Act This bill expands financial literacy training under the Financial Literacy Training Program for members of the Armed Forces. Specifically, the bill (1) establishes an Advisory Council on Financial Readiness, (2) modifies requirements for certain retirement pay to members, and (3) requires a plan for improving the access of members to information about the Thrift Savings Plan.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Armed Services.
Introduced in Senate
Read twice and referred to the Committee on Armed Services.
Armed Forces and National Security
Advisory bodiesCongressional oversightConsumer creditFinancial literacyGovernment employee pay, benefits, personnel managementMilitary education and trainingMilitary personnel and dependentsNational Guard and reserves
RESOURCES Act
USA116th CongressS-4044| Senate
| Updated: 6/23/2020
Re-open Enrollment for Servicemembers to Opt-in to Updated Retirement Choice for Enduring Security Act of 2020 or the RESOURCES Act This bill expands financial literacy training under the Financial Literacy Training Program for members of the Armed Forces. Specifically, the bill (1) establishes an Advisory Council on Financial Readiness, (2) modifies requirements for certain retirement pay to members, and (3) requires a plan for improving the access of members to information about the Thrift Savings Plan.