119th Congress · introduced in the Senate · Dec 3, 2025
Emergency Savings Enhancement Act of 2025
Official title from Congress.gov
Latest action (Aug 5, 2026): Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Reported to Senate (Aug 5, 2026)
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.
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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 544.
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Actions from Congress.gov, newest first.
Bank accounts, deposits, capital · Employee benefits and pensions · Income tax deferral
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
7 citations.
AMERICAN COUNCIL OF LIFE INSURERS · lobbying firm or registrant: AMERICAN COUNCIL OF LIFE INSURERS
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Retirement
$1,002,681
Spent on own lobbying
…ge 50; and (2) include a specific reference to an individual retirement annuity as a rollover option under a simplified 402(f) safe harbor notice. 25.H.R.6417, S.3333 Emergency Savings Enhancement Act of 2025: This legislation would double the maximum balance limit for Pension-Linked Emergency Savings Accounts (PLESAs) from…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN COUNCIL OF LIFE INSURERS · lobbying firm or registrant: AMERICAN COUNCIL OF LIFE INSURERS
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · amended · posted Jul 20, 2026 · issue area: Retirement
$1,103,598
Spent on own lobbying
…ge 50; and (2) include a specific reference to an individual retirement annuity as a rollover option under a simplified 402(f) safe harbor notice. 25.H.R.6417, S.3333 Emergency Savings Enhancement Act of 2025: This legislation would double the maximum balance limit for Pension-Linked Emergency Savings Accounts (PLESAs) from…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
T. ROWE PRICE GROUP, INC. · lobbying firm or registrant: T. ROWE PRICE GROUP, INC.
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 16, 2026 · issue area: Financial Institutions/Investments/Securities
$30,000
Spent on own lobbying
…2025 (H.R. 3383) Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013 / S. 424) Emergency Savings Enhancement Act of 2025 (H.R. 6417 / S. 3333) The CLARITY Act (Digital Asset Market Clarity Act of 2025 (H.R. 3633)) Expanding Regulated Investment Company (RIC) eligibility to include 33 Act funds Trump…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
T. ROWE PRICE GROUP, INC. · lobbying firm or registrant: T. ROWE PRICE GROUP, INC.
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 16, 2026 · issue area: Retirement
$30,000
Spent on own lobbying
…2025 (H.R. 3383) Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013 / S. 424) Emergency Savings Enhancement Act of 2025 (H.R. 6417 / S. 3333) The CLARITY Act (Digital Asset Market Clarity Act of 2025 (H.R. 3633)) Expanding Regulated Investment Company (RIC) eligibility to include 33 Act funds Trump…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN COUNCIL OF LIFE INSURERS · lobbying firm or registrant: AMERICAN COUNCIL OF LIFE INSURERS
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Retirement
$1,126,104
Spent on own lobbying
…ge 50; and (2) include a specific reference to an individual retirement annuity as a rollover option under a simplified 402(f) safe harbor notice. 26.H.R.6417, S.3333 Emergency Savings Enhancement Act of 2025: This legislation would double the maximum balance limit for Pension-Linked Emergency Savings Accounts (PLESAs) from…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
T. ROWE PRICE GROUP, INC. · lobbying firm or registrant: T. ROWE PRICE GROUP, INC.
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 17, 2026 · issue area: Financial Institutions/Investments/Securities
$40,000
Spent on own lobbying
…Act of 2025 H.R. 3383 - Increasing Investor Opportunities Act [INVEST Act] H.R. 6084 - ERISA Litigation Reform Act S. 1831 - AutoReenrollActof2025 H.R.6417 and S.3333 Emergency Savings Enhancement Act of 2025 Private assets in DC plans Retirement income options Trump accounts
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
T. ROWE PRICE GROUP, INC. · lobbying firm or registrant: T. ROWE PRICE GROUP, INC.
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 17, 2026 · issue area: Retirement
$40,000
Spent on own lobbying
…Act of 2025 H.R. 3383 - Increasing Investor Opportunities Act [INVEST Act] H.R. 6084 - ERISA Litigation Reform Act S. 1831 - AutoReenrollActof2025 H.R.6417 and S.3333 Emergency Savings Enhancement Act of 2025 Private assets in DC plans Retirement income options Trump accounts
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing