Code · BILL · 119th Congress · S. 3333 (Introduced in Senate) — To modify the eligibility requirements and account contribution maximum for pension-linked emergency savings accounts... · Sec. 3

Sec. 3. Amendments to the Internal Revenue Code of 1986

127 words·~1 min read·/bill/119/s/3333/is/section-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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).