Emergency Savings: Higher Limits for Workplace Accounts
The Senate must act next: a Senate floor vote.
The bill has strong bipartisan support from key senators and has already been successfully reported out of committee, which is a major hurdle for most legislation.
Govbase has not yet run an impact analysis on this legislation.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Bipartisan legislation has been introduced to increase the amount that workers can set aside for emergencies via pension-linked emergency savings accounts (PLESAs). The Emergency Savings Enhancement Act would increase the current $2,500 contribution cap to $5,000.
The Emergency Savings Enhancement Act advanced through the Senate Committee on Health, Education, Labor, and Pensions (HELP) on Thursday by a 19-3 vote. The bill aims to make pension-linked emergency savings accounts more attractive to plans by raising contribution limits.
Senators Cory Booker and Todd Young introduced the Emergency Savings Enhancement Act of 2025 to lift the PLESA cap to $5,000 and scrap the highly compensated employee exclusion. The Senate HELP Committee is scheduled to hear the bill on July 30.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Emergency Savings Enhancement Act of 2025
Analysis generated by AI. Always verify with official sources.