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