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Emergency Savings Enhancement Act of 2025
To modify the eligibility requirements and account contribution maximum for pension-linked emergency savings accounts, and for other purposes.
Summary
This bill modifies the rules for pension-linked emergency savings accounts, which allow workers to set aside money for unexpected expenses while participating in employer retirement plans. It broadens eligibility for these accounts by removing restrictions and allowing any individual who meets a plan's general eligibility requirements to participate, even if they are not otherwise participants in the plan. The bill doubles the maximum annual contribution limit from $2,500 to $5,000. The changes take effect January 1, 2027.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- Dec 3, 2025 Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. · house
- Dec 3, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
December 3, 2025
Mr. Vindman (for himself and Mr. Thompson of Pennsylvania) introduced the following bill; which was referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To modify the eligibility requirements and account contribution maximum for pension-linked emergency savings accounts, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Emergency Savings Enhancement Act of 2025”.
SEC. 2. AMENDMENTS TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974.
Section 801 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1193) is amended—
(1) by striking subsection (b) and inserting the following:
“(b) Eligible Participant.—For purposes of this part, the term ‘eligible participant’, with regard to an individual account plan, means an individual who meets any age, service, and other eligibility requirements of the plan.”; and
(2) in subsection (d)—
(A) in paragraph (1)(A)(i), by striking “$2,500” and inserting “$5,000”; and
(B) in paragraph (3)(A)—
(i) in clause (vii), by adding “and” at the end;
(ii) in clause (viii), by striking “; and” and inserting a period; and
(iii) by striking clause (ix).
SEC. 3. AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1986.
(a) Eligible Participant.—Paragraph (2) of section 402A(e) of the Internal Revenue Code of 1986 is amended to read as follows:
“(2) Eligible participant.—For purposes of this subsection, the term ‘eligible participant’, with regard to a defined contribution plan, means an individual, without regard to whether the individual is otherwise a participant in such plan, who meets any age, service, and other eligibility requirements of the plan.”.
(b) Contribution Limitation.—Clause (i) of section 402A(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking “$2,500” and inserting “$5,000”.
(c) Conforming Amendment.—Subparagraph (A) of section 402A(e)(5) of the Internal Revenue Code of 1986 is amended by adding “and” at the end of clause (vii), by striking “; and” at the end of clause
(viii) and inserting a period, and by striking clause (ix).
SEC. 4. EFFECTIVE DATE.
The amendments made by sections 2 and 3 shall apply to taxable years beginning after December 31, 2026. <all>
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