Senate bill S4310-117

Finance Committee

A bill to allow employers to offer pension-linked emergency savings accounts for financial emergencies, and for other purposes.

• Last activity on May 25, 2022

• Introduced May 25, 2022

• By Sen. Booker, Cory A. [D-NJ]

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Main Subject: Labor and Employment

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.

S4353-117, HR8588-117,

Senate Actions

IntroReferral
May. 25 2022	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
May. 25 2022	Introduced in Senate

Senate bill S4310-117

A bill to allow employers to offer pension-linked emergency savings accounts for financial emergencies, and for other purposes.

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