Emergency Savings Enhancement Act of 2025

(1) by striking subsection (b) and inserting the following:

For purposes of this part, the term eligible participant, with regard to an individual account plan, means an individual who meets any age, service, and other eligibility requirements of the plan.

(1) ; and

(2) in subsection (d)—

(A) in paragraph (1)(A)(i), by striking $2,500 and inserting $5,000; and

(B) in paragraph (3)(A)—

(i) in clause (vii), by adding and at the end;

(ii) in clause (viii), by striking; and and inserting a period; and

(iii) by striking clause (ix).

Paragraph (2) of section 402A(e) of the Internal Revenue Code of 1986 is amended to read as follows:

For purposes of this subsection, the term eligible participant, with regard to a defined contribution plan, means an individual, without regard to whether the individual is otherwise a participant in such plan, who meets any age, service, and other eligibility requirements of the plan.

Clause (i) of section 402A(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $2,500 and inserting $5,000.

Subparagraph (A) of section 402A(e)(5) of the Internal Revenue Code of 1986 is amended by adding and at the end of clause (vii), by striking; and at the end of clause (viii) and inserting a period, and by striking clause (ix).