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Emergency Savings Act of 2022
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4310
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill S 4310
Emergency Savings Act of 2022
Emergency Savings Act of 2022
A bill to allow employers to offer pension-linked emergency savings accounts for financial emergencies, and for other purposes.
Comments
Sponsors and Cosponsors of S 4310
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