Emergency Savings Enhancement Act of 2025

This bill makes changes to a type of emergency savings account that can be set up alongside a workplace retirement plan like a 401(k). Right now, workers who earn high salaries are not allowed to have these accounts, but this bill removes that rule so all eligible workers can participate. It also raises the maximum amount a worker can put into the account from $2,600 to $5,000, with that limit going up over time to keep pace with inflation. Additionally, the bill continues and adds more money to a Department of Labor program that gives grants to states to encourage workers to have ownership stakes in the businesses where they work.

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