United States 119th Congress Status: In Committee Bipartisan · 1 R · 1 D cosponsors

S 3333 — Emergency Savings Enhancement Act of 2025

Last action — Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 03, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 R · 1 D) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill aims to enhance emergency savings options for individuals.

This legislation focuses on improving the mechanisms available for individuals to save for emergencies. It seeks to make emergency savings accounts more accessible and beneficial.

Summary

Emergency Savings Enhancement Act of 2025This 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.The bill also extends and provides additional funding for a Department of Labor program that awards grants to states to promote employee ownership and participation in businesses.

Bill Text

What changed in the latest version

113 added · 6 removed

Plain-language change summary

The amendment made to S. 3333 removes the short title of the bill, "Emergency Savings Enhancement Act of 2025," and alters Section 2, which addresses changes to the Employee Retirement Income Security Act of 1974. It specifies that an "eligible participant" in an individual account plan must meet any age, service, and other requirements established by the plan. This change clarifies the criteria for participation in such plans, impacting how eligibility is determined for individuals.

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3333 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S.
3333 Reported in Senate (RS)] <DOC> Calendar No.
544 119th CONGRESS 2d Session S.
Young (for himself and Mr.
Young (for himself, Mr.
Booker) introduced the following bill;
Booker, Mr.
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.
Cassidy, and Mr.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1.
Kaine) introduced the following bill;
which was read twice and referred to the Committee on Health, Education, Labor, and Pensions August 5, 2026 Reported by Mr.
Cassidy, with an amendment [Strike out all after the enacting clause and insert the part printed in italic] _______________________________________________________________________ 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, <DELETED>SECTION 1.
SHORT TITLE.</DELETED> <DELETED> This Act may be cited as the ``Emergency Savings Enhancement Act of 2025''.</DELETED> <DELETED>SEC.
2.
AMENDMENTS TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974.</DELETED> <DELETED> Section 801 of the Employee Retirement Income Security Act of 1974 (29 U.S.C.
1193) is amended--</DELETED> <DELETED> (1) by striking subsection (b) and inserting the following:</DELETED> <DELETED> ``(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</DELETED> <DELETED> (2) in subsection (d)--</DELETED> <DELETED> (A) in paragraph (1)(A)(i), by striking ``$2,500'' and inserting ``$5,000'';
and</DELETED> <DELETED> (B) in paragraph (3)(A)--</DELETED> <DELETED> (i) in clause (vii), by adding ``and'' at the end;</DELETED> <DELETED> (ii) in clause (viii), by striking ``;
and'' and inserting a period;
and</DELETED> <DELETED> (iii) by striking clause (ix).</DELETED> <DELETED>SEC.
3.
AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1986.</DELETED> <DELETED> (a) Eligible Participant.--Paragraph (2) of section 402A(e) of the Internal Revenue Code of 1986 is amended to read as follows:</DELETED> <DELETED> ``(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.''.</DELETED> <DELETED> (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''.</DELETED> <DELETED> (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).</DELETED> <DELETED>SEC.
4.
EFFECTIVE DATE.</DELETED> <DELETED> The amendments made by sections 2 and 3 shall apply to taxable years beginning after December 31, 2026.</DELETED> SECTION 1.
<all>
SEC.
5.
APPROPRIATIONS FOR THE EMPLOYEE OWNERSHIP INITIATIVE GRANT PROGRAM.
Section 346 of the SECURE 2.0 Act of 2022 (29 U.S.C.
3228) is amended-- (1) in subsection (d)(6), by adding at the end the following:
``(F) For fiscal years 2030 through 2035, the amount described in this paragraph for the previous fiscal year adjusted by the percent increase in the consumer price index for all urban consumers for the most recent 12-month period for which applicable data is available.'';
and (2) by striking subsection (g) and inserting the following:
``(g) Funding.-- ``(1) In general.--Except as provided in paragraph (4), the Secretary may make grants under subsection (d) in a fiscal year using amounts appropriated under paragraphs (2) and (3) for that fiscal year.
``(2) Discretionary funds.--In addition to amounts appropriated under paragraph (3), there is authorized to be appropriated, for use as described in paragraph (1), not more than the following:
``(A) For fiscal year 2025, $4,000,000.
``(B) For fiscal year 2026, $7,000,000.
``(C) For fiscal year 2027, $10,000,000.
``(D) For fiscal year 2028, $13,000,000.
``(E) For fiscal year 2029, $16,000,000 ``(F) For fiscal year 2033, $20,000,000.
``(G) For fiscal year 2034, $21,000,000.
``(H) For fiscal year 2035, $22,000,000.
``(3) Mandatory funds.--There is appropriated, out of any money in the Treasury not otherwise appropriated, for use as described in paragraph (1) the following:
``(A) For fiscal year 2027, $8,000,000.
Show all 54 changed rows (14 more)
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``(B) For fiscal year 2028, $10,000,000.
``(C) For fiscal year 2029, $12,000,000.
``(D) For fiscal year 2030, $14,000,000.
``(E) For fiscal year 2031, $16,000,000.
``(F) For fiscal year 2032, $18,000,000.
``(4) Program administration.-- ``(A) In general.--Of the amounts appropriated under paragraphs (2) and (3) for a fiscal year, the Secretary may reserve not more than 5 percent of such amounts for the administrative expenses related to the Initiative, including administration of the grant program under subsection (d).
``(B) Use of funds.--Amounts reserve under subparagraph (A) may be used for-- ``(i) planning, oversight, and management of such grant program;
``(ii) monitoring of activities carried out under this section;
``(iii) personnel, training, and other administrative costs directly related to carrying out this section;
and ``(iv) such other administrative activities as the Secretary determines appropriate to carry out the purposes of this section.''.
Calendar No.
544 119th CONGRESS 2d Session S.
3333 _______________________________________________________________________ A BILL To modify the eligibility requirements and account contribution maximum for pension-linked emergency savings accounts, and for other purposes.
_______________________________________________________________________ August 5, 2026 Reported with an amendment
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How this bill changes current law

2 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill modifies eligibility requirements for pension-linked emergency savings accounts and increases the contribution limit from $2,500 to $5,000.

  • 29 U.S.C. 1193

    (1) In generalFor purposes of this part, the term “eligible participant”, with regard to an individual account plan, means an individual who—(A) meets any age, service, and other eligibility requirements of the plan; and(B) is not a highly compensated employee. → (1) 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.

    This change simplifies the definition of 'eligible participant' by removing the stipulation regarding highly compensated employees.

  • 29 U.S.C. 1193

    $2,500 → $5,000

    This change increases the maximum contribution limit to pension-linked emergency savings accounts from $2,500 to $5,000.

Action History

  1. Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

  2. Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

  3. Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.

  4. Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.

  5. Introduced in Senate

  6. Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

Show all 545 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
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Frequently asked questions

What does S 3333 do?
Emergency Savings Enhancement Act of 2025This 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.The bill also extends and provides additional funding for a Department of Labor program that awards grants to states to promote employee ownership and participation in businesses.
Who sponsors S 3333?
S 3333 is sponsored by Booker, Cory A. (Democratic) and Young, Todd (Republican).
What is the current status of S 3333?
This bill is in committee in the Senate. Introduced December 03, 2025. It must pass committee before a floor vote.
Where can I track S 3333?
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