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S. 3333119th Congress
Official title: Emergency Savings Enhancement Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill raises the workplace emergency savings account cap from $2,500 to $5,000 and eases eligibility rules, effective after 2026.
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The bill increases the maximum contribution to pension-linked emergency savings accounts from $2,500 to $5,000. It also removes an extra eligibility restriction, allowing anyone who meets a plan's normal age, service, and eligibility rules to participate.
Employees whose employers offer retirement plans with an emergency savings feature, as well as employers and retirement plan administrators who manage these plans.
Employers and plan administrators will need to update their plans to reflect the new contribution limit and eligibility standards, with changes taking effect for tax years after December 31, 2026.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.