Emergency Savings Enhancement Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6417 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 6417

To modify the eligibility requirements and account contribution maximum 
 for pension-linked emergency savings accounts, and for other purposes.


_______________________________________________________________________


                    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.
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