A bill to allow employers to offer pension-linked emergency savings accounts for financial emergencies, and for other purposes.
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.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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