Several changes to the TSP including the possibility of more investment funds would be authorized under legislation (HR-6500) passed by the House Oversight and Government Reform Committee. The bill would automatically enroll all newly hired employees in the TSP with a personal investment so that they could capture government matching contributions; the TSP could set the rate at between 2 and 5 percent of salary, but the presumed rate would be 3 percent, which captures dollar-for-dollar matching. Employees could change the investment level or opt out of investing completely. The measure keeps the government securities fund as the default option for those who do not direct their investments. It leaves room for changing the default option to a lifecycle fund, as the TSP has proposed, but employee organizations have weighed in against such a change by saying it would expose investors to losses.