This legislation aims to enhance pension-linked emergency savings accounts by expanding eligibility and increasing contribution limits. It modifies the definition of an "eligible participant" under both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code, clarifying that individuals meeting a plan's age, service, and other eligibility requirements can participate, even if not otherwise a participant in the main retirement plan. A key provision of the bill is the increase in the maximum allowable contribution to these emergency savings accounts, doubling the current limit from $2,500 to $5,000 . These amendments are designed to provide individuals with greater capacity to build emergency savings through employer-sponsored plans and will become effective for taxable years beginning after December 31, 2026.