{"database": "press", "table": "releases", "rows": [["https://www.young.senate.gov/newsroom/press-releases/young-booker-introduce-bill-to-help-american-workers-families-build-emergency-savings/", "Young, Booker Introduce Bill to Help American Workers, Families Build Emergency Savings", "2025-12-03", "2025", "2025-12", "Republican", "Senate", "IN", "Todd Young", "Y000064", "www.young.senate.gov", "toddyoung", "https://www.young.senate.gov/newsroom/press-releases/", "scraper", "WASHINGTON \u2013 Today, U.S. Senators Todd Young (R-Ind.) and Cory Booker (D-N.J.) introduced the Emergency Savings Enhancement Act, legislation to help American workers and families save for unexpected expenses without having to tap into their retirement accounts.\n\n\u201cAs a father of four, I understand the impact that unexpected expenses can have on a family budget. Our bill will provide workers and families with additional options to build savings for unexpected expenses, without tapping into retirement savings. If passed, our bill will support Indiana families and build financial security for working Hoosiers,\u201d said Senator Young.\n\n\u201cFor millions of working families, an unexpected expense can quickly push them into financial turmoil\u2014even more so as families face rising costs of rent, groceries, and other essentials,\u201d said Senator Booker. \u201cIn 2022, Senator Young and I passed legislation to create emergency savings accounts to help families weather these storms while also saving for their retirement. Today, we are introducing a proposal building on that progress, enhancing emergency savings accounts to help strengthen workers\u2019 financial stability and support their path to a secure retirement.\u201d\n\nThe Emergency Savings Enhancement Act would modify pension-linked emergency savings accounts (PLESAs) by:\n\nIncreasing the maximum contribution limit from $2,500 to $5,000 to allow for greater emergency savings.\n\nExpanding eligibility to include all employees who otherwise meet a retirement plan\u2019s general requirements, eliminating the administrative burden of continuously monitoring eligibility requirements.\n\nThe Emergency Savings Enhancement Act is supported by the following organizations: BPC Action, U.S. Chamber of Commerce, National Taxpayers Union, Alight, Aspen Institute, Commonwealth, Financial Finesse, Progressive Policy Institute, Prosperity Now, SaverLife, Sunny Day Fund, Third Way, T. Rowe Price, UnidosUS, Vestwell, Voya, and WISER.\n\n\u201cToo many working Americans are one emergency expense away from financial hardship,\u201d said Michele Stockwell, President of BPC Action. \u201cThis commonsense bill, led by Sens. Todd Young (R-IN) and Cory Booker (D-NJ) and Reps. Eugene Vindman (D-VA) and Glenn \u201cGT\u201d Thompson (R-PA), tackles that problem by making it easier for employers to help their workers automatically save for an emergency, alongside their retirement accounts. By passing the Emergency Savings Enhancement Act of 2025, Congress can build on the progress of the bipartisan SECURE 2.0 Act and strengthen middle class financial security.\u201d\n\nThe full bill text can be found here. A summary of the bill can be found here.\n\nU.S. Representatives Eugene Vindman (D-VA-07) and Glenn \u201cGT\u201d Thompson (R-PA-15) are leading companion legislation in the U.S. House of Representatives.", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:09:11Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.young.senate.gov/newsroom/press-releases/young-booker-introduce-bill-to-help-american-workers-families-build-emergency-savings/"], "units": {}, "query_ms": 0.9090399835258722, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}