Bill · S. 3333· Senate(119-S-3333)
Emergency Savings Enhancement Act of 2025
- Introduced
- 12/3/2025
- Last activity
- 8/5/2026 — Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.
- Sponsored by
- Todd Young
- Cosponsors
- - 1 - 2
- Introduced
- On Calendar
What this bill would do
This bill is called the Emergency Savings Enhancement Act of 2025. It changes the rules for pension-linked emergency savings accounts. Specifically, it updates who can join these plans and raises how much money people can put into them. The bill doubles the maximum account contribution limit from two thousand five hundred dollars to five thousand dollars. It also adjusts rules for certain retirement and defined contribution plans under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986. Additionally, the legislation provides funding and grants for the Employee Ownership Initiative Grant Program over multiple fiscal years.
Yes· 3 of 7
Does this make it easier to run a small business?+3
The bill provides increasing funding for the Employee Ownership Initiative Grant Program to support employee-owned business models.
Would people in middle age be better off under this?+2
The bill allows middle-aged workers to contribute more to their pension-linked emergency savings accounts.
Would people over 65 be better off under this?+2
The bill expands eligibility for pension-linked emergency savings accounts based on plan service and age requirements.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Higher savings limits: Section 2 and Section 3 of the bill raise the maximum contribution limit for pension-linked emergency savings accounts from two thousand five hundred dollars to five thousand dollars. This is a positive change because it gives everyday people more room to save money for unexpected financial emergencies.
-
Clearer participation rules: Section 2 and Section 3 update the definition of an eligible participant for individual account plans and defined contribution plans based on age, service, and other plan requirements. This helps clarify who can participate in these emergency savings options.
Potential Negative Impacts for People
- No negative impacts identified: Based strictly on the text provided, there are no specific provisions that outline negative consequences or burdens for individuals or groups of people.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+2Good For Middle Aged+2Good For Middle Class Households+2Good For Seniors+2
- Economy And Finance
- Improves Small Business Support+3Improves Economic Growth+2
- Social Issues And Justice
- Improves Poverty Reduction+2
- 8/5/2026
- Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.
- 7/30/2026
- Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
- 7/21/2026
- 2 Cosponsors added.
- 12/3/2025
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Cory BookerDemocrat · New Jersey
Bill CassidyRepublican · Louisiana
Timothy KaineDemocrat · Virginia