Emergency Savings Enhancement Act of 2025 has not moved since its introduction on Dec 3, 2025, with one cosponsor, a Republican
Written by the Congressional Research Service [2]. 136 words.
Emergency Savings Enhancement Act of 2025 This bill expands eligibility and increases the maximum contribution limit for pension-linked emergency savings accounts (PLESAs). As background, PLESAs are savings accounts that are established and maintained in connection with a defined contribution retirement plan, such as a 401(k). Contributions to such accounts are subject to federal income tax, and withdrawals are allowed for any reason. The bill expands eligibility for PLESAs by eliminating the exclusion of highly compensated employees. Thus, under the bill, individuals who meet the age, service, and other eligibility requirements of the plan, regardless of compensation, are eligible to participate in such a plan. The bill also increases the maximum limit on the portion of a PLESA balance attributable to participant contributions to $5,000 (from $2,600 in 2026). This limit continues to be adjusted for inflation.
- Committees
- House Education and Workforce Committee
House Ways and Means Committee - Policy area
- Taxation: 20 of 6,214 bills became law, 113th–118th (0.3%)
- Sponsor
- 0 of 79 bills enacted since 2013
- Text versions
- 1: introduced in house · 309 words
- Subjects
- Bank accounts, deposits, capitalEmployee benefits and pensionsIncome tax deferral
- Latest action
- Dec 3, 2025: 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.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 1 in all.
Related, per CRS or House · 1
- 119th S. 3333 Emergency Savings Enhancement Act of 2025 R · Reported