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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 29 U.S.C. § 1193c Report to Congress on emergency savings accounts us united_states_code code_section 29 LABOR 18 EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM 1193c 29 U.S.C. § 1193c current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc29@119-100.zip /us/usc/t29/s1193c data/legal/raw/us/code/title-29/usc29.xml 5be757b62145b259fefad7221ef9b4e6abf737d140ab053476b855c0b0fd1524 123f65eaf0f6719b01d66f4a47cd03d5134b66fbd92ae96d7387b67454b98476 9c4138081a29f3419f8e9b2e4fe8b75e50b511a771fc44112d1de3f00d3c8756 2026-07-04 official
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29 U.S.C. § 1193c - Report to Congress on emergency savings accounts

Text

The Secretary of Labor and the Secretary of the Treasury shall—

(1) conduct a study on the use of emergency savings from individual account plan accounts, including emergency savings from a pension-linked emergency savings account regarding—

(A) whether the amount of the dollar limitation under section 1193(d)(1)(A) of this title is sufficient;

(B) whether the limitation on the contribution rate under section 1193(d)(2)(A) of this title is appropriate; and

(C) the extent to which plan sponsors offer such accounts and participants participate in such accounts and the resulting impact on participant retirement savings, including the impact on retirement savings leakage and the effect of such accounts on retirement plan participation by low- and moderate-income households; and

(2) not later than 7 years after December 29, 2022, submit to Congress a report on the findings of the study under paragraph (1).

(Pub. L. 93406, title I, § 804, as added Pub. L. 117328, div. T, title I, § 127(b)(1), Dec. 29, 2022, 136 Stat. 5323.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection applicable to plan years beginning after Dec. 31, 2023, see section 127(g) of Pub. L. 117328, set out as an Effective Date of 2022 Amendment note under section 72 of Title 26, Internal Revenue Code.