S. 3333

119 S3333 IS: Emergency Savings Enhancement Act of 2025
 U.S. Senate
 2025-12-03
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 EN
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 II  119th CONGRESS  1st Session  S. 3333  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.
1.
Short title
This Act may be cited as the   Emergency Savings Enhancement Act of 2025  .
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).
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).
4.
Effective date
The amendments made by sections 2 and 3 shall apply to taxable years beginning after December 31, 2026.