Emergency Savings Act of 2022

Hozzl · 2023-08-25T22:47:52Z

Explore the details of Senate Bill 4310 Emergency Savings Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Labor and Employment. Stay informed on legislative developments.

8/25/2023, 10:47 PM

Congressional Summary of S 4310

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.

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Current Status of Bill S 4310

Bill S 4310 is currently in the status of Bill Introduced since May 25, 2022. Bill S 4310 was introduced during Congress 117 and was introduced to the Senate on May 25, 2022. Bill S 4310's most recent activity was Read twice and referred to the Committee on Finance. as of May 25, 2022

Bipartisan Support of Bill S 4310

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4310

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill S 4310

Emergency Savings Act of 2022Emergency Savings Act of 2022A bill to allow employers to offer pension-linked emergency savings accounts for financial emergencies, and for other purposes.

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Comments

Sponsors and Cosponsors of S 4310

Cory A. Booker

New Jersey(Democrat)

Todd Young

Indiana(Republican)

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