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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 rules for pension-linked emergency savings accounts by broadening eligibility requirements and increasing contribution limits. The bill changes eligibility so that individuals can participate in these accounts if they meet any age, service, and other eligibility requirements of the plan. The maximum annual contribution limit for these accounts is increased from $2,500 to $5,000. The bill makes corresponding amendments to both the Employee Retirement Income Security Act and the Internal Revenue Code. These changes take effect for taxable years beginning after December 31, 2026.
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)
- Sen. Young, Todd [R-IN] (R-IN)
3 cosponsors
- Sen. Booker, Cory A. [D-NJ] (D-NJ)
- Sen. Cassidy, Bill [R-LA] (R-LA)
- Sen. Kaine, Tim [D-VA] (D-VA)
Actions (2)
- Dec 3, 2025 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. · senate
- Dec 3, 2025 Introduced in Senate
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.
Committee action
What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.
Meetings where this bill was on the agenda
Full text
IN THE SENATE OF THE UNITED STATES
December 3, 2025
Mr. Young (for himself and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
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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