S 4310
117th Congress
Senate
Labor and Employment
Emergency Savings Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2022
Read twice and referred to the Committee on Finance.
May 25, 2022
Introduced in Senate
Plain-English summary
Emergency Savings Act of 2022
This bill permits employer-sponsored retirement plans to offer participants a pension-linked emergency savings account (1) with a maximum account limit of $2,500, and (2) from which withdrawals are not subject to a tax penalty.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1