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United States · Bill · S

S. 3218 (115th)

Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018

referredUnited States· United States Congress· EN

Introduced

17 July 2018

Last action

17 July 2018 · Introduced

Status

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sponsors

Sen. Heitkamp, Heidi [D-ND], Sen. Cotton, Tom [R-AR], Sen. Booker, Cory A. [D-NJ], Sen. Young, Todd [R-IN]

Subjects

Discovery layer

Source updated

11 August 2025

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Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 July 2018

    Introduced

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Source: IntroReferral

  2. 17 July 2018

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 July 2018

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 July 2018

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 July 2018

    Open at official source

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Sponsors

Related records

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Sources

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