More workers could save up to $5,000 in workplace emergency accounts.
This bill would let more workers put money into special emergency savings accounts linked to their retirement plans. It would double the maximum amount they can save in these accounts from $2,500 to $5,000. These changes would take effect for taxable years starting after December 31, 2026.
Today, workers can save up to $2,500 in pension-linked emergency savings accounts, and eligibility is tied to being a participant in the main retirement plan. After this bill, workers could save up to $5,000 in these accounts. More individuals would also qualify to open them, even if they aren't full participants in the main retirement plan. These changes would start for taxable years beginning after December 31, 2026.
HR 6417 · 119th Congress · December 3, 2025 · AI Summary by gemini-2.5-flash · 10/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.