<enum>I</enum><header>Technical corrections related to the Pension Protection Act of 2006</header> <section id="H8323C4AE587C4E3BBB9FBED028B6F200"><enum>101.</enum><header>Amendments related to Title I</header> <subsection id="H761E52F20258441DBA1320BB64B43165"><enum>(a)</enum><header>Amendments related to sections 101 and 111</header> <paragraph id="H678C08AF1CF6479CA9F692B1419F04AC"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H1FAE7033F35440CD920902E700B94255"><enum>(A)</enum><text>Clause (i) of section 302(c)(1)(A) of ERISA is amended by striking <quote>the plan is</quote> and inserting <quote>the plan are</quote>.</text> </subparagraph> <subparagraph id="HB1976FF9B222460BA384CD04D0DAC95C"><enum>(B)</enum><text>Section 302(c)(7) of ERISA is amended by inserting <quote>which reduces the accrued benefit of any participant</quote> after <quote>subsection (d)(2)</quote> in subparagraph (A).</text> </subparagraph> <subparagraph id="H21CCD0F9115348A8BA026200DCE922E"><enum>(C)</enum><text>Section 302(d)(1) of ERISA is amended by striking <quote>, the valuation date,</quote>.</text> </subparagraph></paragraph> <paragraph id="H614600945DA94A509C0735FDA6C10508"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H0A4CBEF6218448D895E8B86D1B01164C"><enum>(A)</enum><text>Clause (i) of section 412(c)(1)(A) of the 1986 Code is amended by striking <quote>the plan is</quote> and inserting <quote>the plan are</quote>.</text> </subparagraph> <subparagraph id="H43739B4DC7E04D6EA58DFF270295C82F"><enum>(B)</enum><text>Section 412(c)(7) of the 1986 Code is amended by inserting <quote>which reduces the accrued benefit of any participant</quote> after <quote>subsection (d)(2)</quote> in subparagraph (A).</text> </subparagraph> <subparagraph id="HE4792D06E0BD4F3CB3110627BAF12B7B"><enum>(C)</enum><text>Section 412(d)(1) of the 1986 Code is amended by striking <quote>, the valuation date,</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H338E1A208D1D4F22A0916B0202CEFB73"><enum>(b)</enum><header>Amendments related to sections 102 and 112</header> <paragraph id="HABF673ACAACC4265BA93A7CFA0B1372E"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H01400C06B4C64523A13BE8E5B3ECC128"><enum>(A)</enum><text>Section 303(b) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H4E54A33BA67F40D1AD8C201BF6C33EC" style="OLC"> <subsection id="HD26C502F02524855B0B8007C9C2B1B64"><enum>(b)</enum><header>Target normal cost</header><text>For purposes of this section:</text> <paragraph id="HD2FDF43D2E40448C843D002C7D00B918"><enum>(1)</enum><header>In general</header><text>Except as provided in subsection (i)(2) with respect to plans in at-risk status, the term <term>target normal cost</term> means, for any plan year, the excess of—</text> <subparagraph id="H17E19A37033D45A7BBD1A3B3C32C61FC"><enum>(A)</enum><text>the sum of—</text> <clause id="H6FF9FC9C81914037B9EBD83D1B5EE1F2"><enum>(i)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, plus</text> </clause> <clause id="HFCAD1232F6E14085BE3F7C472C09095C"><enum>(ii)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </clause></subparagraph> <subparagraph id="H03C4D5C35BDA47D89222375F08249E00"><enum>(B)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year.</text> </subparagraph></paragraph> <paragraph id="HE0509F7533E745FBA7A5FC9F3DD386"><enum>(2)</enum><header>Special rule for increase in compensation</header><text>For purposes of this subsection, if any benefit attributable to services performed in a preceding plan year is increased by reason of any increase in compensation during the current plan year, the increase in such benefit shall be treated as having accrued during the current plan year.</text> </paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H4F95222DE30E4DF5AE88DB162E8C2EAB"><enum>(B)</enum><text>Section 303(c)(5)(B)(iii) of ERISA is amended by inserting <quote>beginning</quote> before <quote>after 2008</quote>.</text> </subparagraph> <subparagraph id="H19E7767BBA3F4D3B0046D3E745B6B46C"><enum>(C)</enum><text>Section 303(c)(5)(B)(iv)(II) of ERISA is amended by inserting <quote>for such year </quote> after <quote>beginning in 2007)</quote>.</text> </subparagraph> <subparagraph id="H01CEA53CE9F043D2B53DF69764BB6FC5"><enum>(D)</enum><text>Section 303(f)(4)(A) of ERISA is amended by striking <quote>paragraph (2)</quote> and inserting <quote>paragraph (3)</quote>.</text> </subparagraph> <subparagraph id="HC088455D93DB4D30900432CF82525D61"><enum>(E)</enum><text>Section 303(h)(2)(F) of ERISA is amended—</text> <clause id="H2134DE9FA9334B5BA72D6C29DDD9F59D"><enum>(i)</enum><text>by striking <quote>section 205(g)(3)(B)(iii)(I)) for such month</quote> and inserting <quote>section 205(g)(3)(B)(iii)(I) for such month)</quote>, and</text> </clause> <clause id="HEE1A5B1E85F142DCB6CF68FE51A01107"><enum>(ii)</enum><text>by striking <quote>subparagraph (B)</quote> and inserting <quote>subparagraph (C)</quote>.</text> </clause></subparagraph> <subparagraph id="HBF3D1506055544EBA20276898F086392"><enum>(F)</enum><text>Section 303(i) of ERISA is amended—</text> <clause id="HF837FE3D7BAB4CBC909B6D4D877E5500"><enum>(i)</enum><text>in paragraph (2)—</text> <subclause id="H37025B930ECF4BF48916BE8200B14B40"><enum>(I)</enum><text>by striking subparagraph (A) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H921F99859FF945FFBEA21E17509357E7" style="OLC"> <subparagraph id="H85D168C97B38422DA7A037C9EFF75F24"><enum>(A)</enum><text>the excess of—</text> <clause id="HD826D07F328C4F84A418BCBD67103DA5"><enum>(i)</enum><text>the sum of—</text> <subclause id="H3DC13CD7BD304D84B3EF2FB3C22E7772"><enum>(I)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, determined using the additional actuarial assumptions described in paragraph (1)(B), plus</text> </subclause> <subclause id="HAE16CA1F5E874FF5A64DFAE83E5E968"><enum>(II)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </subclause></clause> <clause id="HC8219B6F0BD84B0399AE41B916E6FCAA"><enum>(ii)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year, plus</text> </clause></subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </subclause> <subclause id="H87D19A02ADDC4352BA23F40125F7F5B4"><enum>(II)</enum><text>in subparagraph (B), by striking <quote>the target normal cost (determined without regard to this paragraph) of the plan for the plan year</quote> and inserting <quote>the amount determined under subsection (b)(1)(A)(i) with respect to the plan for the plan year</quote>, and</text> </subclause></clause> <clause id="HE61A2395DCB54143A93827F3CEAA0058"><enum>(ii)</enum><text>by striking <quote>subparagraph (A)(ii)</quote> in the last sentence of paragraph (4)(B) and inserting <quote>subparagraph (A)</quote>.</text> </clause></subparagraph> <subparagraph id="H0B111B1479694D9393662CE3BDBCC300"><enum>(G)</enum><text>Section 303(j)(3) of ERISA—</text> <clause id="H0EE3ABCEC12C41AFB105CA7EE7065723"><enum>(i)</enum><text>is amended by adding at the end of subparagraph (A) the following new sentence:<quote>In the case of plan years beginning in 2008, the funding shortfall for the preceding plan year may be determined using such methods of estimation as the Secretary of the Treasury may provide.</quote>,</text> </clause> <clause id="H264C8D345EC64C5EB3899F6B6C6DDE7D"><enum>(ii)</enum><text>by adding at the end of subparagraph (E) the following new clause:</text> <quoted-block display-inline="no-display-inline" id="HE3D993E28FF64715916774FDF4194EE" style="OLC"> <clause id="H9682E40836F1473F95F3A31D3C716561"><enum>(iii)</enum><header>Plan with alternate valuation date</header><text>The Secretary of the Treasury shall prescribe regulations for the application of this paragraph in the case of a plan which has a valuation date other than the first day of the plan year.</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </clause> <clause id="HF2AC1376E76D4948A8F09FBE6E51C50"><enum>(iii)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">and short years</header-in-text></quote> in the heading of subparagraph (E) and inserting <quote><header-in-text level="subparagraph" style="OLC">, short years, and years with alternate valuation date</header-in-text></quote>.</text> </clause></subparagraph> <subparagraph id="H6B9C60B097AA429889D400F7B44D6300"><enum>(H)</enum><text>Section 303(k)(6)(B) of ERISA is amended by striking <quote>, except</quote> and all that follows and inserting a period.</text> </subparagraph></paragraph> <paragraph id="H8F9ABF43AA8A46E39680D96D4C3A62B"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="HD0DFEDF4B9914359B760FAA16BAC01F"><enum>(A)</enum><text>Section 430(b) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H3E5EAAA42C314AF4B29C31C59475C919" style="OLC"> <subsection id="H43AB456B9D8C4824B24F3576B4996716"><enum>(b)</enum><header>Target normal cost</header><text>For purposes of this section:</text> <paragraph id="HF0EACCA883434AE8A24CDC78FA65B6E4"><enum>(1)</enum><header>In general</header><text>Except as provided in subsection (i)(2) with respect to plans in at-risk status, the term <term>target normal cost</term> means, for any plan year, the excess of—</text> <subparagraph id="H3D0FDFDB8EC548B9BAA41EF3F4D572A5"><enum>(A)</enum><text>the sum of—</text> <clause id="H5E94A647B05F4CC79530BC28D0E03143"><enum>(i)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, plus</text> </clause> <clause id="H6D505FAA7605492FBA61F29156F333AE"><enum>(ii)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </clause></subparagraph> <subparagraph id="HBB477FA0DACA4495868D462B41F72D93"><enum>(B)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year.</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H23231C7E63E04E9BB2E6E825EF3FC5B7"><enum>(2)</enum><header display-inline="yes-display-inline">Special rule for increase in compensation</header><text display-inline="yes-display-inline">For purposes of this subsection, if any benefit attributable to services performed in a preceding plan year is increased by reason of any increase in compensation during the current plan year, the increase in such benefit shall be treated as having accrued during the current plan year.</text> </paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="HCBD55E2CCF014A3783A823B3611FF6E2"><enum>(B)</enum><text>Section 430(c)(5)(B)(iii) of the 1986 Code is amended by inserting <quote>beginning</quote> before <quote>after 2008</quote>.</text> </subparagraph> <subparagraph id="HEA01F4A92BC84C5A81FA0B1F1C9537B"><enum>(C)</enum><text>Section 430(c)(5)(B)(iv)(II) of the 1986 Code is amended by inserting <quote>for such year </quote> after <quote>beginning in 2007)</quote>.</text> </subparagraph> <subparagraph id="H8926C7F87BA84930ABEC5830F1650200"><enum>(D)</enum><text>Section 430(f) of the 1986 Code is amended—</text> <clause id="H552481CB99A74CD4A3DBA6FFFA069E69"><enum>(i)</enum><text>by striking <quote>as of the first day of the plan year</quote> the second place it appears in the first sentence of paragraph (3)(A),</text> </clause> <clause id="HE6477B9A36FE4A93BF098D69F352FF08"><enum>(ii)</enum><text>by striking <quote>paragraph (2)</quote> in paragraph (4)(A) and inserting <quote>paragraph (3)</quote>,</text> </clause> <clause id="H6D58DC4E20D14B2CAD5BEA3B00C3FF80"><enum>(iii)</enum><text>by striking <quote>paragraph (1), (2), or (4) of section 206(g)</quote> in paragraph (6)(B)(iii) and inserting <quote>subsection (b), (c), or (e) of section 436</quote>,</text> </clause> <clause id="H46CAD59D0E044664BCE12906BE26D667"><enum>(iv)</enum><text>by striking <quote>the sum of</quote> in paragraph (6)(C), and</text> </clause> <clause id="HF90695F7CB48454DA839DD4B86B50336"><enum>(v)</enum><text>by striking <quote>of the Treasury</quote> in paragraph (8).</text> </clause></subparagraph> <subparagraph id="H9D532EF9732A4467A9C5D4CA117F22D5"><enum>(E)</enum><text>Section 430(h)(2) of the 1986 Code is amended—</text> <clause id="H0B3374C7069C4F85886D0033709F9F88"><enum>(i)</enum><text>by inserting <quote>and target normal cost</quote> after <quote>funding target</quote> in subparagraph (B),</text> </clause> <clause id="HF7B11996EEEF423AB96DB5850011D1FD"><enum>(ii)</enum><text>by striking <quote>liabilities</quote> and inserting <quote>benefits</quote> in subparagraph (B),</text> </clause> <clause id="H00DA2BAF30B647FF96809C347E296244"><enum>(iii)</enum><text>by striking <quote>section 417(e)(3)(D)(i)) for such month</quote> in subparagraph (F) and inserting <quote>section 417(e)(3)(D)(i) for such month)</quote>, and</text> </clause> <clause id="HABD83976BFF84BD7BFA210DC9F84E5A2"><enum>(iv)</enum><text>by striking <quote>subparagraph (B)</quote> in subparagraph (F) and inserting <quote>subparagraph (C)</quote>.</text> </clause></subparagraph> <subparagraph id="HE8646CF368AB4447915FDE6E4134EBBD"><enum>(F)</enum><text>Section 430(i) of the 1986 Code is amended—</text> <clause id="HBDA171AAB2A545A5806CDD50B9ECFC9"><enum>(i)</enum><text>in paragraph (2)—</text> <subclause id="H41CC5669951242F4A4744CA1449DCD52"><enum>(I)</enum><text>by striking subparagraph (A) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H0F4CA857645842D69B9DF7FE05E06DD2" style="OLC"> <subparagraph id="H71C46F8DBC6446ECA626BDE8787E5044"><enum>(A)</enum><text>the excess of—</text> <clause id="HA08CAB88B05B41ECAD97755E38BA6205"><enum>(i)</enum><text>the sum of—</text> <subclause id="H9730507ACD464A8C85E100CA5100109D"><enum>(I)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, determined using the additional actuarial assumptions described in paragraph (1)(B), plus</text> </subclause> <subclause id="H2326D5B81584491A816836477415A2ED"><enum>(II)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </subclause></clause> <clause id="H1FB907EA95364D78A645A1E299A5CE5"><enum>(ii)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year, plus</text> </clause></subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </subclause> <subclause id="HA9D7EC413A8F47E7971DD5D3046DD9F3"><enum>(II)</enum><text>in subparagraph (B), by striking <quote>the target normal cost (determined without regard to this paragraph) of the plan for the plan year</quote> and inserting <quote>the amount determined under subsection (b)(1)(A)(i) with respect to the plan for the plan year</quote>, and</text> </subclause></clause> <clause commented="no" display-inline="no-display-inline" id="H928A0E1EE4EC49B79C2675DD2480C59D"><enum>(ii)</enum><text>by striking <quote>subparagraph (A)(ii)</quote> in the last sentence of paragraph (4)(B) and inserting <quote>subparagraph (A)</quote>.</text> </clause></subparagraph> <subparagraph id="H34DA152A551E4F2EB7DEFFE0619DCD00"><enum>(G)</enum><text>Section 430(j)(3) of the 1986 Code is amended—</text> <clause id="H028803AE01594F78A7B718638C9D5ED2"><enum>(i)</enum><text>by adding at the end of subparagraph (A) the following new sentence: <quote>In the case of plan years beginning in 2008, the funding shortfall for the preceding plan year may be determined using such methods of estimation as the Secretary may provide.</quote>,</text> </clause> <clause id="H3471FF8DDE1147F3969492ACA5CDCA34"><enum>(ii)</enum><text>by striking <quote>section 302(c)</quote> in subparagraph (D)(ii)(II) and inserting <quote>section 412(c)</quote>,</text> </clause> <clause id="HA281DEC1980E4CC19C24A6DDF03E9E47"><enum>(iii)</enum><text>by adding at the end of subparagraph (E) the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H8A0141D3020541EAB89D87D72BCDA068" style="OLC"> <clause id="H585D859C62F04FF2B7FE6136F4928BE3"><enum>(iii)</enum><header>Plan with alternate valuation date</header><text>The Secretary shall prescribe regulations for the application of this paragraph in the case of a plan which has a valuation date other than the first day of the plan year.</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </clause> <clause id="H49EA4D10EA2C499D8F47F45542CD4594"><enum>(iv)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">and short years</header-in-text></quote> in the heading of subparagraph (E) and inserting <quote><header-in-text level="subparagraph" style="OLC">, short years, and years with alternate valuation date</header-in-text></quote>.</text> </clause></subparagraph> <subparagraph id="H5A3256B9DF134754BB7D21D1C26BD21F"><enum>(H)</enum><text>Section 430(k) of the 1986 Code is amended—</text> <clause id="H4118DD4D696B4F66B509BC27F20900B2"><enum>(i)</enum><text>by inserting <quote>(as provided under paragraph (2))</quote> after <quote>applies</quote> in paragraph (1), and</text> </clause> <clause id="HA6F994D77E244DC4B844E97C6076DA64"><enum>(ii)</enum><text>by striking <quote>, except</quote> and all that follows in paragraph (6)(B) and inserting a period.</text> </clause></subparagraph></paragraph></subsection> <subsection id="H615EB78D66334456A85FDDDA98B4532"><enum>(c)</enum><header>Amendments related to sections 103 and 113</header> <paragraph id="H5B5254B40C4A4A6DBD00021EE0F61106"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H8BF53A7FD71F4D2E88BF62C0459851BC"><enum>(A)</enum><text>Section 101(j) of ERISA is amended—</text> <clause id="HB8CA213EB7384A6D87D74392B3E44D9D"><enum>(i)</enum><text>in paragraph (2), by striking <quote>section 206(g)(4)(B)</quote> and inserting <quote>section 206(g)(4)(A)</quote>; and</text> </clause> <clause id="H17DD90DB3AB642AB0071D461E5242736"><enum>(ii)</enum><text>by adding at the end the following: <quote>The Secretary of the Treasury, in consultation with the Secretary, shall have the authority to prescribe rules applicable to the notices required under this subsection.</quote>.</text> </clause></subparagraph> <subparagraph id="H019002E9539246C7984CD0108DFA98DB"><enum>(B)</enum><text>Section 206(g)(1)(B)(ii) of ERISA is amended by striking <quote>a funding</quote> and inserting <quote>an adjusted funding</quote>.</text> </subparagraph> <subparagraph id="HC82E2BE9147C4257BFFD82B68488F604"><enum>(C)</enum><text>The heading for section 206(g)(1)(C) of ERISA is amended by inserting <quote><header-in-text level="subparagraph" style="OLC">benefit</header-in-text></quote> after <quote><header-in-text level="subparagraph" style="OLC">event</header-in-text></quote>.</text> </subparagraph> <subparagraph id="H6A623AA299674167B39EE54F86B6FF30"><enum>(D)</enum><text>Section 206(g)(3)(E) of ERISA is amended by adding at the end the following new flush sentence:</text> <quoted-block display-inline="no-display-inline" id="H7BA728FA1BC947E292DBD492C6B2E4A5" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="subparagraph">Such term shall not include the payment of a benefit which under section 203(e) may be immediately distributed without the consent of the participant.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H9EE755DCB93A4D7CB7CD8939008E1DB3"><enum>(E)</enum><text>Section 206(g)(5)(A)(iv) of ERISA is amended by inserting <quote>adjusted</quote> before <quote>funding</quote>.</text> </subparagraph> <subparagraph id="HCDCAC49C4DB442BF9D15FEDAE100CC6"><enum>(F)</enum><text>Section 206(g)(9)(C) of ERISA is amended—</text> <clause id="H5600E27F256E4622B1FB3972402FC14C"><enum>(i)</enum><text>by striking <quote>without regard to this subparagraph and</quote> in clause (i), and</text> </clause> <clause id="H2A6C535EE8704EACAC6C237BAE767CD8"><enum>(ii)</enum><text>in clause (iii)—</text> <subclause id="H5325CBDB3AE9407798E4BAAE5300CE94"><enum>(I)</enum><text>by striking <quote>without regard to this subparagraph</quote> and inserting <quote>without regard to the reduction in the value of assets under section 303(f)(4)</quote>, and</text> </subclause> <subclause id="H31F806D72A034A05A10224EE68FBE72E"><enum>(II)</enum><text>by inserting <quote>beginning</quote> before <quote>after</quote> each place it appears.</text> </subclause></clause></subparagraph> <subparagraph id="H1721B2C01FF64138BF628DA480006996"><enum>(G)</enum><text>Section 206(g) of ERISA is amended by redesignating paragraph (10) as paragraph (11) and by inserting after paragraph (9) the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="H3164969B0B71406D833DC1B297352700" style="OLC"> <paragraph id="H7CFAC2921CDD47E6AF5C925C1F5BE3EE"><enum>(10)</enum><header>Secretarial authority for plans with alternate valuation date</header><text>In the case of a plan which has designated a valuation date other than the first day of the plan year, the Secretary of the Treasury may prescribe rules for the application of this subsection which are necessary to reflect the alternate valuation date.</text> </paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H0F7E25F2BF364DD096BDA72CBE9E44FC"><enum>(H)</enum><text>Section 502(c)(4) of ERISA is amended by striking <quote>by any person</quote> and all that follows through the period and inserting <quote>by any person of subsection (j), (k), or (l) of section 101 or section 514(e)(3).</quote>.</text> </subparagraph></paragraph> <paragraph id="H64EF3860402344F70029F1816D00CE33"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H1B33C5358E7B4B8300EDFB6518FF14EF"><enum>(A)</enum><text>Section 436(b)(2) of the 1986 Code is amended—</text> <clause id="H12C77EE10C8348EC99C2E89BA5DDD0FF"><enum>(i)</enum><text>by striking <quote>section 303</quote> and inserting <quote>section 430</quote> in the matter preceding subparagraph (A), and</text> </clause> <clause id="HAE413BD4FD70405584EAB8E8DEC55400"><enum>(ii)</enum><text>by striking <quote>a funding</quote> and inserting <quote>an adjusted funding</quote> in subparagraph (B).</text> </clause></subparagraph> <subparagraph id="H40C2BC1E7019462992449405920000EF"><enum>(B)</enum><text>Section 436(b)(3) of the 1986 Code is amended—</text> <clause id="HBB8C441B841143080028B4E6B042241E"><enum>(i)</enum><text>by inserting <quote><header-in-text level="paragraph" style="OLC">benefit</header-in-text></quote> after <quote><header-in-text level="paragraph" style="OLC">event</header-in-text></quote> in the heading, and</text> </clause> <clause id="H2981B81E849C455CB45D7BC9B829CEDB"><enum>(ii)</enum><text>by striking <quote>any event</quote> in subparagraph (B) and inserting <quote>an event</quote>.</text> </clause></subparagraph> <subparagraph id="H0C63070FBBA74D1F8BCAFE44F8CBDDF6"><enum>(C)</enum><text>Section 436(d)(5) of the 1986 Code is amended by adding at the end the following new flush sentence:</text> <quoted-block display-inline="no-display-inline" id="HFF405E8A50124E9BADA74DD5DF5620C7" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">Such term shall not include the payment of a benefit which under section 411(a)(11) may be immediately distributed without the consent of the participant.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H3E933DA2E2F44080B2549B22709C82CD"><enum>(D)</enum><text>Section 436(f) of the 1986 Code is amended—</text> <clause id="HD443134E209841C0B5CCF596340005B2"><enum>(i)</enum><text>by inserting <quote>adjusted</quote> before <quote>funding</quote> in paragraph (1)(D), and</text> </clause> <clause id="H835B6B090421478981EFC2A3FD03CAE3"><enum>(ii)</enum><text>by striking <quote>prefunding balance under section 430(f) or funding standard carryover balance</quote> in paragraph (2) and inserting <quote>prefunding balance or funding standard carryover balance under section 430(f)</quote>.</text> </clause></subparagraph> <subparagraph id="H33299C1B68AB4773929CCD0725C727CE"><enum>(E)</enum><text>Section 436(j)(3) of the 1986 Code is amended—</text> <clause id="H4E581E8902B9454D852F5C1FF6D33DF1"><enum>(i)</enum><text>in subparagraph (A)—</text> <subclause id="H5DF1429139D8479FACFC90203312A657"><enum>(I)</enum><text>by striking <quote>without regard to this paragraph and</quote>,</text> </subclause> <subclause id="H1B90D4F51AE040BFA4362F9B6BB263DE"><enum>(II)</enum><text>by striking <quote>section 430(f)(4)(A)</quote> and inserting <quote>section 430(f)(4)</quote>, and</text> </subclause> <subclause id="H47A29997A56F49C4BA7930EFB0606117"><enum>(III)</enum><text>by striking <quote>paragraph (1)</quote> and inserting <quote>paragraphs (1) and (2)</quote>, and</text> </subclause></clause> <clause id="H5C8019B0A50E4FAC9D6BB15639830439"><enum>(ii)</enum><text>in subparagraph (C)—</text> <subclause id="HDD048F601796418D805FA9AA491EC493"><enum>(I)</enum><text>by striking <quote>without regard to this paragraph</quote> and inserting <quote>without regard to the reduction in the value of assets under section 430(f)(4)</quote>, and</text> </subclause> <subclause id="H4D68E50DC8494664B7B9FCA458005C7D"><enum>(II)</enum><text>by inserting <quote>beginning</quote> before <quote>after</quote> each place it appears.</text> </subclause></clause></subparagraph> <subparagraph id="H5F3C6AD853CA43F7A8A0C6E786CB396E"><enum>(F)</enum><text>Section 436 of the 1986 Code is amended by redesignating subsection (k) as subsection (m) and by inserting after subsection (j) the following new subsections:</text> <quoted-block display-inline="no-display-inline" id="H37B789622B7540C2B95C2C89EDACD7B" style="OLC"> <subsection id="H685190F53F3F473585C39309FB4361D6"><enum>(k)</enum><header>Secretarial authority for plans with alternate valuation date</header><text>In the case of a plan which has designated a valuation date other than the first day of the plan year, the Secretary may prescribe rules for the application of this section which are necessary to reflect the alternate valuation date.</text> </subsection> <subsection id="H759B0FEE7DB04DFB9F66C5E1A1C6792"><enum>(l)</enum><header>Single-employer plan</header><text>For purposes of this section, the term <term>single-employer plan</term> means a plan which is not a multiemployer plan.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph></paragraph> <paragraph id="HADDC26558196423B8094BDC9F23FB35"><enum>(3)</enum><header>Amendments to 2006 Act</header><text>Sections 103(c)(2)(A)(ii) and 113(b)(2)(A)(ii) of the 2006 Act are each amended—</text> <subparagraph id="HF70BD1FC80684318BA82028B4CCBE992"><enum>(A)</enum><text>by striking <quote>subsection</quote> and inserting <quote>section</quote>, and</text> </subparagraph> <subparagraph id="H28BCDD0125A54CA0B2AC49EFF26E2E4"><enum>(B)</enum><text>by striking <quote>subparagraph</quote> and inserting <quote>paragraph</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H05092249AE714222B51312E2195B59D"><enum>(d)</enum><header>Amendments related to sections 107 and 114</header> <paragraph id="HED7F9593FCF7438894FB435DAECD4EA1"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H544793DDD032481CA87709ABAA4F7100"><enum>(A)</enum><text>Section 103(d) of ERISA is amended—</text> <clause id="H946511AEA75A4C9586966BB677332D44"><enum>(i)</enum><text>in paragraph (3), by striking <quote>the normal costs, the accrued liabilities</quote> and inserting <quote>the normal costs or target normal costs, the accrued liabilities or funding target</quote>, and</text> </clause> <clause id="HB438BB8A74374F2FAC282300995644E2"><enum>(ii)</enum><text>by striking paragraph (7) and inserting the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="H0CCE166421FA4F75B450E6027FB01BEC" style="OLC"> <paragraph id="H7A2AAE034F58489DBD7FA85849DAA8CD"><enum>(7)</enum><text>A certification of the contribution necessary to reduce the minimum required contribution determined under section 303, or the accumulated funding deficiency determined under section 304, to zero.</text> </paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph id="H984939C5CAAF4C29AFE6D058AF41706B"><enum>(B)</enum><text>Section 4071 of ERISA is amended by striking <quote>as section 303(k)(4) or 307(e)</quote> and inserting <quote>or section 303(k)(4),</quote>.</text> </subparagraph></paragraph> <paragraph id="H57EAACBE9ECB4749B8CAC832E0D34C06"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H3890D767DFFA4FC7B88D0200D5FDC8AA"><enum>(A)</enum><text>Section 401(a)(29) of the 1986 Code is amended by striking <quote><header-in-text level="paragraph" style="OLC">on plans in at-risk status</header-in-text></quote> in the heading.</text> </subparagraph> <subparagraph id="H6F4272E0BD814358AEA93E2BC234B736"><enum>(B)</enum><text>Section 401(a)(32)(C) of the 1986 Code is amended—</text> <clause id="HFDB20105DEA0400EA7B136F13D00E581"><enum>(i)</enum><text>by striking <quote>section 430(j)</quote> and inserting <quote>section 430(j)(3)</quote>, and</text> </clause> <clause id="HC7D658D38ACC49B2B8B19203E0536F77"><enum>(ii)</enum><text>by striking <quote>paragraph (5)(A)</quote> and inserting <quote>section 430(j)(4)(A)</quote>.</text> </clause></subparagraph> <subparagraph id="H565D605F7D5C482AA4C9C0FCCF118C3D"><enum>(C)</enum><text>Section 401(a)(33) of the 1986 Code is amended—</text> <clause id="HFCCEC9411A8D404FB5867721A1CB9519"><enum>(i)</enum><text>by striking <quote>section 412(c)(2)</quote> in subparagraph (B)(iii) and inserting <quote>section 412(d)(2)</quote>, and</text> </clause> <clause id="H700327A64D9F4802B1DCFF8496EDDE8E"><enum>(ii)</enum><text>by striking <quote>section 412(b)(2) (without regard to subparagraph (B) thereof)</quote> in subparagraph (D) and inserting <quote>section 412(b)(1), without regard to section 412(b)(2)</quote>.</text> </clause></subparagraph> <subparagraph id="HB0A39296F74644C9BEFA6E870069C682"><enum>(D)</enum><text>Section 411 of the 1986 Code is amended—</text> <clause id="HF55941458FE846F8A811A770E0298E38"><enum>(i)</enum><text>by striking <quote>section 412(c)(2)</quote> in subsection (a)(3)(C) and inserting <quote>section 412(d)(2)</quote>, and</text> </clause> <clause id="H9416527A714E4C2DB8750734E6F95411"><enum>(ii)</enum><text>by striking <quote>section 412(e)(2)</quote> in subsection (d)(6)(A) and inserting <quote>section 412(d)(2)</quote>.</text> </clause></subparagraph> <subparagraph id="H9436D57FBFC34ACEB3EC6E2F785B00A0"><enum>(E)</enum><text>Section 414(l)(2)(B)(i)(I) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H377BB1D6C2564CD5A2C6EAB8DEED9240" style="OLC"> <subclause id="H74FD0F517F40451E9EEAA97FAACCF58B"><enum>(I)</enum><text>the sum of the funding target and target normal cost determined under section 430, over</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H6000B7496F9747EA92C23924461FB090"><enum>(F)</enum><text>Section 4971 of the 1986 Code is amended—</text> <clause id="HAA75A942865D4614850016D8AE59190"><enum>(i)</enum><text>by striking <quote>required minimum</quote> in subsection (b)(1) and inserting <quote>minimum required</quote>,</text> </clause> <clause id="H090978EC25184EE28FF58905F7FBFE69"><enum>(ii)</enum><text>by inserting <quote>or unpaid minimum required contribution, whichever is applicable</quote> after <quote>accumulated funding deficiency</quote> each place it appears in subsections (c)(3) and (d)(1), and</text> </clause> <clause id="HFCCD294A0B294F0A9BCADFA7C5F3153"><enum>(iii)</enum><text>by striking <quote>section 412(a)(1)(A)</quote> in subsection (e)(1) and inserting <quote>section 412(a)(2)</quote>.</text> </clause></subparagraph></paragraph> <paragraph commented="no" id="H8CE6759DB4AA4EA900A8335005D22740"><enum>(3)</enum><header>Amendment to 2006 Act</header><text>Section 114 of the 2006 Act is amended by adding at the end the following new subsection:</text> <quoted-block display-inline="no-display-inline" id="H03F189A5BA8F438194B99EB7774F8FC5" style="OLC"> <subsection commented="no" id="H53A945FB46364AA5AAB16A3D992C9A7"><enum>(g)</enum><header>Effective dates</header> <paragraph commented="no" id="H7443BC0374B247B5A2CF4B509AFBA5D"><enum>(1)</enum><header>In general</header><text>The amendments made by this section shall apply to plan years beginning after 2007.</text> </paragraph> <paragraph commented="no" id="H888EB354B34B44A482A1E77D081BB676"><enum>(2)</enum><header>Excise tax</header><text>The amendments made by subsection (e) shall apply to taxable years beginning after 2007, but only with respect to plan years described in paragraph (1) which end with or within any such taxable year.</text> </paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection commented="no" id="HB6D6DD13AAA5452196E555112CF836DF"><enum>(e)</enum><header>Amendment related to section 116</header><text>Section 409A(b)(3)(A)(ii) of the 1986 Code is amended by inserting <quote>to an applicable covered employee</quote> after <quote>under the plan</quote>.</text> </subsection></section> <section commented="no" id="HED526DCC92C2491B962CFEB62877EFBC"><enum>102.</enum><header>Amendments related to title II</header> <subsection commented="no" id="H2DBDD4DCE992461183FCD2F540CD7FB5"><enum>(a)</enum><header>Amendment related to sections 201 and 211</header><text>Section 201(b)(2)(A) of the 2006 Act is amended by striking <quote>has not used</quote> and inserting <quote>has not adopted, or ceased using,</quote>.</text> </subsection> <subsection commented="no" id="H8EFD8C89A9064D29B4B002FE8B767376"><enum>(b)</enum><header>Amendments related to sections 202 and 212</header> <paragraph commented="no" id="HF81A0FEFAACB4217B9A9DC74D3591D12"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph commented="no" id="H0EF2557A26064ADEB0C5FA6BC087A5D3"><enum>(A)</enum><text>Section 302(b)(3) of ERISA is amended by striking <quote>the plan adopts</quote> and inserting <quote>the plan sponsor adopts</quote>.</text> </subparagraph> <subparagraph commented="no" id="H57B6696EE9BF453EAC1C313B27104CC2"><enum>(B)</enum><text>Section 305(b)(3)(C) of ERISA is amended by striking <quote>section 101(b)(4)</quote> and inserting <quote>section 101(b)(1)</quote>.</text> </subparagraph> <subparagraph commented="no" id="H926C1AE404A840CD9FF44242F19B0074"><enum>(C)</enum><text>Section 305(b)(3)(D) of ERISA is amended by striking <quote>The Secretary</quote> in clause (iii) and inserting <quote>The Secretary of the Treasury, in consultation with the Secretary</quote>.</text> </subparagraph> <subparagraph commented="no" id="HD8EF48816F3646D783D720866B22F120"><enum>(D)</enum><text>Section 305(c)(7) of ERISA is amended—</text> <clause commented="no" id="HBB86EE472B704B9BB01301C1C5614B8E"><enum>(i)</enum><text>by striking <quote>to agree on</quote> and all that follows in subparagraph (A)(ii) and inserting <quote>to adopt a contribution schedule with terms consistent with the funding improvement plan and a schedule from the plan sponsor,</quote>, and</text> </clause> <clause commented="no" id="H0BD7EF293F8D43E9001617B639BE52E1"><enum>(ii)</enum><text>by striking subparagraph (B) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H3D48BEAC064C442CB56D04D1C6E2B987" style="OLC"> <subparagraph commented="no" id="H2A78ED7BC8B04892B906BB4FC8CD3A7"><enum>(B)</enum><header>Date of implementation</header><text>The date specified in this subparagraph is the date which is 180 days after the date on which the collective bargaining agreement described in subparagraph (A) expires.</text> </subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </clause> <clause commented="no" id="HCE70035013834670AAC4C4A0BF109E00"><enum>(iii)</enum><text>by adding at the end the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="HCFEF0E23198F4B17AA0030B96640E2B1" style="OLC"> <subparagraph commented="no" id="H5C026AA2E1614576A6DAB75A3722DF8"><enum>(C)</enum><header>Failure to make scheduled contributions</header><text>Any failure to make a contribution under a schedule of contribution rates provided under this paragraph shall be treated as a delinquent contribution under section 515 and shall be enforceable as such.</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph commented="no" id="H3C8C699AF26B4634B16CE9D407ADC2FD"><enum>(E)</enum><text>Section 305(e) of ERISA is amended—</text> <clause commented="no" id="H2476BB3AD44743C18B05281F78750016"><enum>(i)</enum><text>in paragraph (3)(C)—</text> <subclause commented="no" id="H7DC67CB8732E4860A2D3553CF655D8D"><enum>(I)</enum><text>by striking all that follows <quote>to adopt a</quote> in clause (i)(II) and inserting <quote>to adopt a contribution schedule with terms consistent with the rehabilitation plan and a schedule from the plan sponsor under paragraph (1)(B)(i),</quote>,</text> </subclause> <subclause commented="no" id="HCA74317894FA49E0848E6BF4E5A6A631"><enum>(II)</enum><text>by striking clause (ii) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="HDEF63EEA56A34836854C12EFEE21209" style="OLC"> <clause id="H86749B388F3946368F7BF4B7709E763B"><enum>(ii)</enum><header>Date of implementation</header><text>The date specified in this clause is the date which is 180 days after the date on which the collective bargaining agreement described in clause (i) expires.</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </subclause> <subclause commented="no" id="H1BC689EAC83B4F738FC07000FEFA6CE5"><enum>(III)</enum><text>by adding at the end the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H9B454FDC96F1460E9CFFB6A7F50015B7" style="OLC"> <clause commented="no" id="H18A7C71FAAAB45079107A4A6152C63DD"><enum>(iii)</enum><header>Failure to make scheduled contributions</header><text>Any failure to make a contribution under a schedule of contribution rates provided under this subsection shall be treated as a delinquent contribution under section 515 and shall be enforceable as such.</text> </clause><after-quoted-block>,</after-quoted-block></quoted-block> </subclause></clause> <clause commented="no" id="H9A2FCD9516E44579AF721FA2665655B1"><enum>(ii)</enum><text>in paragraph (4)—</text> <subclause commented="no" id="HCCEC291F270141BE97678361F47D5E36"><enum>(I)</enum><text>by striking <quote>the date of</quote> in subparagraph (A)(ii), and</text> </subclause> <subclause commented="no" id="H35D5B4DD62E343A48CD220AE5AC01C7"><enum>(II)</enum><text>by striking <quote>and taking</quote> in subparagraph (B) and inserting <quote>but taking</quote>,</text> </subclause></clause> <clause commented="no" id="H7A4659A8A0CE4CC8AD520528F78F3FF6"><enum>(iii)</enum><text>in paragraph (6)—</text> <subclause commented="no" id="HC8490BE8B92B477D86264C3085F2E8D6"><enum>(I)</enum><text>by striking <quote>paragraph (1)(B)(i)</quote> and inserting <quote>the last sentence of paragraph (1)</quote>, and</text> </subclause> <subclause commented="no" id="H3A9337600B9844B0934D41D3E9DB468"><enum>(II)</enum><text>by striking <quote>established</quote> and inserting <quote>establish</quote>,</text> </subclause></clause> <clause commented="no" id="H0FF5A90B8D224E2D94E81555BB9AD8B"><enum>(iv)</enum><text>in paragraph (8)(C)(iii)—</text> <subclause commented="no" id="H45DAB96ACE0F44B4917BA109A2137F04"><enum>(I)</enum><text>by striking <quote>the Secretary</quote> in subclause (I) and inserting <quote>the Secretary of the Treasury, in consultation with the Secretary</quote>, and</text> </subclause> <subclause commented="no" id="HFD278ABB2F1C464B8C9DE4A761EF5881"><enum>(II)</enum><text>by striking <quote>Secretary</quote> in the last sentence and inserting <quote>Secretary of the Treasury</quote>, and</text> </subclause></clause> <clause commented="no" id="H06F7ED6745B344CAA354196384DBD123"><enum>(v)</enum><text>by striking <quote>an employer's withdrawal liability</quote> in paragraph (9)(B) and inserting <quote>the allocation of unfunded vested benefits to an employer</quote>.</text> </clause></subparagraph> <subparagraph commented="no" id="H81E5CAC170054FF789D16EE806588D81"><enum>(F)</enum><text>Section 305(f)(2)(A)(i) of ERISA is amended by adding at the end the following: <quote>to a participant or beneficiary whose annuity starting date (as defined in section 205(h)(2)) occurs after the date such notice is sent,</quote>.</text> </subparagraph> <subparagraph commented="no" id="HCE0157A10E78404DA1AAA24269B500EC"><enum>(G)</enum><text>Section 305(g) of ERISA is amended by inserting <quote>under subsection (c)</quote> after <quote>funding improvement plan</quote> the first place it appears.</text> </subparagraph> <subparagraph commented="no" id="HE3150A3DDEFF4276B1002D8EA874357F"><enum>(H)</enum><text>Section 502(c)(2) of ERISA is amended by striking <quote>101(b)(4)</quote> and inserting <quote>101(b)(1)</quote>.</text> </subparagraph> <subparagraph commented="no" id="HCCB6D910FE594A23AF86CBC900BE2400"><enum>(I)</enum><text>Section 502(c)(8)(A) of ERISA is amended by inserting <quote>plan</quote> after <quote>multiemployer</quote>.</text> </subparagraph></paragraph> <paragraph commented="no" id="HA262B2D6B14746B989757E1DE22DF56B"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph commented="no" id="HF73A31599A1F4FB4AE3B2B603F58C69E"><enum>(A)</enum><text>Section 432(b)(3)(C) of the 1986 Code is amended by striking <quote>section 101(b)(4)</quote> and inserting <quote>section 101(b)(1)</quote>.</text> </subparagraph> <subparagraph commented="no" id="H99967A22E3654A0DA042E941527C5700"><enum>(B)</enum><text>Section 432(b)(3)(D)(iii) of the 1986 Code is amended by striking <quote>The Secretary of Labor</quote> and inserting <quote>The Secretary, in consultation with the Secretary of Labor</quote>.</text> </subparagraph> <subparagraph commented="no" id="H03C4E5F9CCEA490C92C283DB2D1CA3EE"><enum>(C)</enum><text>Section 432(c) of the 1986 Code is amended—</text> <clause commented="no" id="HF72C991D36EF4502B94638E7D0F2003D"><enum>(i)</enum><text>in paragraph (3), by striking <quote>section 304(d)</quote> in subparagraph (A)(ii) and inserting <quote>section 431(d)</quote>, and</text> </clause> <clause commented="no" id="HF607AA7EB6294F1D8DAFCA2F619E4552"><enum>(ii)</enum><text>in paragraph (7)—</text> <subclause commented="no" id="HAF333F6D48594F3BACDEAC2620431FC4"><enum>(I)</enum><text>by striking <quote>to agree on</quote> and all that follows in subparagraph (A)(ii) and inserting <quote>to adopt a contribution schedule with terms consistent with the funding improvement plan and a schedule from the plan sponsor,</quote>, and</text> </subclause> <subclause commented="no" id="HC9036583CAF04CE8B59B86E9C74FAF33"><enum>(II)</enum><text>by striking subparagraph (B) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="HECB8A6E582944C57ADB0CB50681036BA" style="OLC"> <subparagraph commented="no" id="HA7BD30A186704E3DA67C76088700AF06"><enum>(B)</enum><header>Date of implementation</header><text>The date specified in this subparagraph is the date which is 180 days after the date on which the collective bargaining agreement described in subparagraph (A) expires.</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subclause></clause></subparagraph> <subparagraph commented="no" id="HBFE16C97083D4119894F987637788E4F"><enum>(D)</enum><text>Section 432(e) of the 1986 Code is amended—</text> <clause commented="no" id="H56B5D3898DCA4388BE93766F7C3C163C"><enum>(i)</enum><text>in paragraph (3)(C)—</text> <subclause commented="no" id="H5CD12EF3C50044B49FEF4B14C8F7D8D0"><enum>(I)</enum><text>by striking all that follows <quote>to adopt a</quote> in clause (i)(II) and inserting <quote>to adopt a contribution schedule with terms consistent with the rehabilitation plan and a schedule from the plan sponsor under paragraph (1)(B)(i),</quote>, and</text> </subclause> <subclause commented="no" id="HB6D87991B28D474CB4BDF21600936D47"><enum>(II)</enum><text>by striking clause (ii) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="HC08BD8217AFD440BA873096F99CA8F84" style="OLC"> <clause commented="no" id="HFA50436AF9E84331B1CF4337611E803"><enum>(ii)</enum><header>Date of implementation</header><text>The date specified in this clause is the date which is 180 days after the date on which the collective bargaining agreement described in clause (i) expires.</text> </clause><after-quoted-block>,</after-quoted-block></quoted-block> </subclause></clause> <clause commented="no" id="H47AC71C3D0CA4685989147F7DA36F99"><enum>(ii)</enum><text>in paragraph (4)—</text> <subclause commented="no" id="HA71DD2A06010453E8D26AC6B74E5B54D"><enum>(I)</enum><text>by striking <quote>the date of</quote> in subparagraph (A)(ii), and</text> </subclause> <subclause commented="no" id="HF470CCD711CD48A49F2F569CC5469B7B"><enum>(II)</enum><text>by striking <quote>and taking</quote> in subparagraph (B) and inserting <quote>but taking</quote>,</text> </subclause></clause> <clause commented="no" id="H550E2CB8A1404C1D870291F7F6826FC"><enum>(iii)</enum><text>in paragraph (6)—</text> <subclause commented="no" id="H2A3BEA74622B4104A400B7C192B10404"><enum>(I)</enum><text>by striking <quote>paragraph (1)(B)(i)</quote> and inserting <quote>the last sentence of paragraph (1)</quote>, and</text> </subclause> <subclause commented="no" id="H2F08812E78464283B9D52035F335F4E5"><enum>(II)</enum><text>by striking <quote>established</quote> and inserting <quote>establish</quote>,</text> </subclause></clause> <clause commented="no" id="H45D80334967341719BF7E9CEE45BF22"><enum>(iv)</enum><text>in paragraph (8)—</text> <subclause commented="no" id="H6DE2F188CAAE4F0194B680757AF2363"><enum>(I)</enum><text>by striking <quote>section 204(g)</quote> in subparagraph (A)(i) and inserting <quote>section 411(d)(6)</quote>,</text> </subclause> <subclause commented="no" id="H670BF34A748A47EEA2A235A2936B378E"><enum>(II)</enum><text>by inserting <quote>of the Employee Retirement Income Security Act of 1974</quote> after <quote>4212(a)</quote> in subparagraph (C)(i)(II),</text> </subclause> <subclause commented="no" id="HB14B112F277F4A508847FA4CFC84F236"><enum>(III)</enum><text>by striking <quote>the Secretary of Labor</quote> in subparagraph (C)(iii)(I) and inserting <quote>the Secretary, in consultation with the Secretary of Labor</quote>, and</text> </subclause> <subclause commented="no" id="H8DD19602606E48A0BB4395F0F31D2730"><enum>(IV)</enum><text>by striking <quote>the Secretary of Labor</quote> in the last sentence of subparagraph (C)(iii) and inserting <quote>the Secretary</quote>, and</text> </subclause></clause> <clause commented="no" id="H3F84DEE801A14614A06D139C3BF797BE"><enum>(v)</enum><text>by striking <quote>an employer's withdrawal liability</quote> in paragraph (9)(B) and inserting <quote>the allocation of unfunded vested benefits to an employer</quote>.</text> </clause></subparagraph> <subparagraph commented="no" id="H61FDA89D780843A2A1A40001870833FD"><enum>(E)</enum><text>Section 432(f)(2)(A)(i) of the 1986 Code is amended—</text> <clause commented="no" id="H9820163F72D44A1B8896425FD035611C"><enum>(i)</enum><text>by striking <quote>section 411(b)(1)(A)</quote> and inserting <quote>section 411(a)(9)</quote>; and</text> </clause> <clause commented="no" id="HFB583D73B9344D06B97DE6B53EA4B39"><enum>(ii)</enum><text>by inserting at the end the following: <quote>to a participant or beneficiary whose annuity starting date (as defined in section 417(f)(2)) occurs after the date such notice is sent,</quote>.</text> </clause></subparagraph> <subparagraph commented="no" id="HCC1283623528484FBD885F0702A728F5"><enum>(F)</enum><text>Section 432(g) of the 1986 Code is amended by inserting <quote>under subsection (c)</quote> after <quote>funding improvement plan</quote> the first place it appears.</text> </subparagraph> <subparagraph commented="no" id="HB8CB7F1572EC4F3E851D6FD86FD4E80"><enum>(G)</enum><text>Section 432(i) of the 1986 Code is amended—</text> <clause commented="no" id="HD32994E1076F42EEBD0059F490E97992"><enum>(i)</enum><text>by striking <quote>section 412(a)</quote> in paragraph (3) and inserting <quote>section 431(a)</quote>, and</text> </clause> <clause commented="no" id="H8D56428994BB44CC81A927F379025000"><enum>(ii)</enum><text>by striking paragraph (9) and inserting the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="HD871B3992036459998F5074789FD00A6" style="OLC"> <paragraph commented="no" id="H4965791398EC43128EE27002DC74C35"><enum>(9)</enum><header>Plan sponsor</header><text>For purposes of this section, section 431, and section 4971(g):</text> <subparagraph commented="no" id="HC30656F94E9745BEB8FF20C3DFBA276"><enum>(A)</enum><header>In general</header><text>The term <term>plan sponsor</term> means, with respect to any multiemployer plan, the association, committee, joint board of trustees, or other similar group of representatives of the parties who establish or maintain the plan.</text> </subparagraph> <subparagraph commented="no" id="HD33FE99158C44C9BB2F8C6D7F5EA447D"><enum>(B)</enum><header>Special rule for section <enum-in-header>404(c)</enum-in-header> plans</header><text>In the case of a plan described in section 404(c) (or a continuation of such plan), such term means the bargaining parties described in paragraph (1).</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph commented="no" id="HC589994EA6BE4B7E8CF45366781563B2"><enum>(H)</enum><text>Section 412(b)(3) of the 1986 Code is amended by striking <quote>the plan adopts</quote> and inserting <quote>the plan sponsor adopts</quote>.</text> </subparagraph> <subparagraph commented="no" id="H3921B749FB4A412485FEE13413A9CBFB"><enum>(I)</enum><text>Section 4971(g)(4) of the 1986 Code is amended—</text> <clause commented="no" id="H1D3DBF6B9B45466F9C035D00E3689357"><enum>(i)</enum><text>in subparagraph (B)(ii), by striking <quote>first day of</quote> and inserting <quote>day following the close of</quote>, and</text> </clause> <clause commented="no" id="HBA7DEA5BFAAA458C92752EEEE48DD03"><enum>(ii)</enum><text>by striking clause (ii) of subparagraph (C) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H837E899C51F240D6B600B55BC7118B5D" style="OLC"> <clause commented="no" id="HBE714A8B814A4792AF83E85E69643080"><enum>(ii)</enum><header>Plan sponsor</header><text>For purposes of clause (i), the term <term>plan sponsor</term> has the meaning given such term by section 432(i)(9).</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph></paragraph> <paragraph commented="no" id="HE1BFCE2E433A49E79D83C781076DC672"><enum>(3)</enum><header>Amendments to 2006 Act</header> <subparagraph commented="no" id="H7CFC745CF46D4EC196245543B5BF6643"><enum>(A)</enum><text>Section 212(b)(2) of the 2006 Act is amended by striking <quote>Section 4971(c)(2) of such Code</quote> and inserting <quote>Section 4971(e)(2) of such Code</quote>.</text> </subparagraph> <subparagraph commented="no" id="H253436BC12B2474298A2002210A69036"><enum>(B)</enum><text>Section 212(e)(1) of the 2006 Act is amended by inserting <quote>, except that the amendments made by subsection (b) shall apply to taxable years beginning after 2007, but only with respect to plan years beginning after 2007 which end with or within any such taxable year</quote> before the period at the end.</text> </subparagraph> <subparagraph commented="no" id="H757C3EC8232040D38139983F84ECD761"><enum>(C)</enum><text>Section 212(e)(2) of the 2006 Act is amended by striking <quote>section 305(b)(3) of the Employee Retirement Income Security Act of 1974</quote> and inserting <quote>section 432(b)(3) of the Internal Revenue Code of 1986</quote>.</text> </subparagraph></paragraph></subsection></section> <section id="H7005D081E84440BDAAF34918131400AE"><enum>103.</enum><header>Amendments related to title III</header> <subsection id="H26E92FB682C74EE190B466E34B6E4E9E"><enum>(a)</enum><header>Amendment related to section 301</header><text>Clause (ii) of section 101(c)(2)(A) of the Pension Funding Equity Act of 2004, as amended by section 301(c) of the 2006 Act, is amended by striking <quote>2008</quote> and inserting <quote>2009</quote>.</text> </subsection> <subsection id="H833F67A46F2D478CA75BBE507F007E00"><enum>(b)</enum><header>Amendments related to section 302</header> <paragraph id="HEF8785DDFEC14B34AAD0C73F0765443C"><enum>(1)</enum><header>Amendment to ERISA</header><text>Section 205(g)(3)(B)(iii)(II) of ERISA is amended by striking <quote>section 205(g)(3)(B)(iii)(II)</quote> and inserting <quote>section 205(g)(3)(A)(ii)(II)</quote>.</text> </paragraph> <paragraph id="HD4770B37B939459EA2BE133A1B06A8"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H2AEF8B0280BF4445BC1D84D798F74C8D"><enum>(A)</enum><text>Section 417(e)(3)(D)(i) of the 1986 Code is amended by striking <quote>clause (ii)</quote> and inserting <quote>subparagraph (C)</quote>.</text> </subparagraph> <subparagraph id="HDE01A63EC1DC47FBA1F63CAC8F5BB78C"><enum>(B)</enum> <clause commented="no" display-inline="yes-display-inline" id="H18294574354D4C3CB181C4606B6C6D88"><enum>(i)</enum><text>Section 415(b)(2)(E)(v) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H36A2BCEA1F06442D96BB3C95C8DE04D" style="OLC"> <clause id="H66C20F26B5D04CCCBA79B565C4B2C9AC"><enum>(v)</enum><text>For purposes of adjusting any benefit or limitation under subparagraph (B), (C), or (D), the mortality table used shall be the applicable mortality table (within the meaning of section 417(e)(3)(B)).</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </clause> <clause id="H3C2D324592F942BBB51314626911124D" indent="up1"><enum>(ii)</enum> <subclause commented="no" display-inline="yes-display-inline" id="HB6107400AC6E4A1789216BE01012EF51"><enum>(I)</enum><text>Except as provided in subclause (II), the amendment made by clause (i) shall apply to years beginning after December 31, 2008.</text> </subclause> <subclause id="H7C6C4BC85C564D1DB8A58C3408D18488" indent="up1"><enum>(II)</enum><text>A plan sponsor may elect to have the amendment made by clause (i) apply to any year beginning after December 31, 2007, and before January 1, 2009, or to any portion of any such year.</text> </subclause></clause></subparagraph></paragraph></subsection></section> <section id="H3785450F36D040A29FB240000B200EC"><enum>104.</enum><header>Amendments related to title IV</header> <subsection id="H3A0CFD29E6544B61A5CFCF33276F5800"><enum>(a)</enum><header>Amendment related to section 401</header><text>Section 4006(a)(3)(A)(i) of ERISA is amended by striking <quote>1990</quote> and inserting <quote>2005</quote>.</text> </subsection> <subsection id="H324E678105BD438899C05C964856DD1D"><enum>(b)</enum><header>Amendment related to section 402</header><text>Section 402(c)(1)(A) of the 2006 Act is amended by striking <quote>commercial airline</quote> and inserting <quote>commercial</quote>.</text> </subsection> <subsection id="H9A7010D5E9E74B38A0E795D1A4ED0077"><enum>(c)</enum><header>Amendment related to section 408</header><text>Section 4044(e) of ERISA, as added by section 408(b)(2) of the 2006 Act, is redesignated as subsection (f).</text> </subsection> <subsection id="H522726D8B4074F459351001C8E7ED757"><enum>(d)</enum><header>Amendments related to section 409</header><text>Section 4041(b)(5)(A) of ERISA is amended by striking <quote>subparagraph (B)</quote> and inserting <quote>subparagraphs (B) and (D)</quote>.</text> </subsection> <subsection id="HE6CCA85AC12C4EEEB8843845AAD9832B"><enum>(e)</enum><header>Amendments related to section 410</header><text>Section 4050(d)(4)(A) of ERISA is amended—</text> <paragraph id="HEC03B6003A4F479900CB1495CDBA9E00"><enum>(1)</enum><text>by striking <quote>and</quote> at the end of clause (i), and</text> </paragraph> <paragraph id="HBF6603A13C1045F18B8698D7D4511827"><enum>(2)</enum><text>by striking clause (ii) and inserting the following new clauses:</text> <quoted-block display-inline="no-display-inline" id="HCFE0F0F61C954D3181EF61011F2CDADB" style="OLC"> <clause id="HEB64D65875104474AF619D40BA4D6563"><enum>(ii)</enum><text>which is not a plan described in paragraph (2), (3), (4), (6), (7), (8), (9), (10), or (11) of section 4021(b), and</text> </clause> <clause id="H40E8036E93CC4A6285A14E55003EB5FA"><enum>(iii)</enum><text>which, was a plan described in <external-xref legal-doc="usc" parsable-cite="usc/26/401">section 401(a)</external-xref> of the Internal Revenue Code of 1986 which includes a trust exempt from tax under section 501(a) of such Code, and</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection></section> <section id="H21303406125E4D9EAFEA2DB63DC2BD0"><enum>105.</enum><header>Amendments related to title V</header> <subsection id="HA361F62E61D9475FB1CBDC22C0E99220"><enum>(a)</enum><header>Amendment related to section 501</header><text>Section 101(f)(2)(B)(ii) of ERISA is amended—</text> <paragraph id="HD976B1E2C67D4D86ACD09E54989B00B9"><enum>(1)</enum><text>by striking <quote>for which the latest annual report filed under section 104(a) was filed</quote> in subclause (I)(aa) and inserting <quote>to which the notice relates</quote>, and</text> </paragraph> <paragraph id="H8DB69C9456BC4A70A929EAAE43F4C800"><enum>(2)</enum><text>by striking subclause (II) and inserting the following new subclause:</text> <quoted-block display-inline="no-display-inline" id="H7F3CAA0F5A3C456C8CE17E754B3BC84" style="OLC"> <subclause id="H8628AC7D9053468E8196BD12E2332753"><enum>(II)</enum><text>in the case of a multiemployer plan, a statement, for the plan year to which the notice relates and the preceding 2 plan years, of the value of the plan assets (determined both in the same manner as under section 304 and under the rules of subclause (I)(bb)) and the value of the plan liabilities (determined in the same manner as under section 304 except that the method specified in section 305(i)(8) shall be used),</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="H46698F93C28941C9B5FC76751CB4303E"><enum>(b)</enum><header>Amendments related to section 502</header> <paragraph id="H5155AA3C7CAC418D8BE9B5397F462A0"><enum>(1)</enum><text>Section 101(k)(2) of ERISA is amended by filing at the end the following new flush sentence:</text> <quoted-block display-inline="no-display-inline" id="HCD12AC5A4E4040B08B83197244E63D62" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">Subparagraph (C)(i) shall not apply to individually identifiable information with respect to any plan investment manager or adviser, or with respect to any other person (other than an employee of the plan) preparing a financial report required to be included under paragraph (1)(B).</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="H4FE82ACFD79446C29E8C7CED5CBC8C0"><enum>(2)</enum><text>Section 4221 of ERISA is amended by striking subsection (e) and by redesignating subsections (f) and (g) as subsections (e) and (f), respectively.</text> </paragraph></subsection> <subsection id="H25B34DE8E8574C598620AC65A6DE2B67"><enum>(c)</enum><header>Amendments related to section 503</header> <paragraph id="H612F89F458A9485F9084DF340022921B"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="HEA343FD7A04B4DEA8CAB953D0403DF49"><enum>(A)</enum><text>Section 104(b)(3) of ERISA is amended by—</text> <clause id="H2FF2AFEB27BA44C28B84F6B6006FC388"><enum>(i)</enum><text>striking <quote>section 103(f)</quote> and inserting <quote>section 101(f)</quote>, and</text> </clause> <clause id="H7FE83CF37DA4403788203C411C5E55D5"><enum>(ii)</enum><text>striking <quote>the administrators</quote> and inserting <quote>the administrator</quote>.</text> </clause></subparagraph> <subparagraph id="H12E460AB4AEA4DA289CAA700442FAB2C"><enum>(B)</enum><text>Section 104(d)(1)(E)(ii) of ERISA is amended by inserting <quote>funding</quote> after <quote>plan's</quote>.</text> </subparagraph></paragraph> <paragraph id="H9961DC54DDDA400E95A497DF4EA735BE"><enum>(2)</enum><header>Amendments to 2006 Act</header><text>Section 503(e) of the 2006 Act is amended by striking <quote>section 101(f)</quote> and inserting <quote>section 104(d)</quote>.</text> </paragraph></subsection> <subsection id="H7E2DA88203C6402187A16CEE342F5D28"><enum>(d)</enum><header>Amendment related to section 505</header><text>Section 4010(d)(2)(B) of ERISA is amended by striking <quote>section 302(d)(2)</quote> and inserting <quote>section 303(d)(2)</quote>.</text> </subsection> <subsection id="H5FC9C7AFAE3E40B5871367CE71EB00A2"><enum>(e)</enum><header>Amendments related to section 506</header> <paragraph id="HF8F9DABA05F54AA1B8A04100C9B6E956"><enum>(1)</enum><text>Section 4041(c)(2)(D)(i) of ERISA is amended by striking <quote>subsection (a)(2)</quote> the second place it appears and inserting <quote>subparagraph (A) or the regulations under subsection (a)(2)</quote>.</text> </paragraph> <paragraph id="H93D4602F35324B23B3CEA09845B7F7E9"><enum>(2)</enum><text>Section 4042(c)(3)(C)(i) of ERISA is amended—</text> <subparagraph id="H28EEDAADB30049BF993268E3CD8B1238"><enum>(A)</enum><text>by striking <quote>and plan sponsor</quote> and inserting <quote>, the plan sponsor, or the corporation</quote>, and</text> </subparagraph> <subparagraph id="H34B2C23381544706998CDDB1B1CBC17"><enum>(B)</enum><text>by striking <quote>subparagraph (A)(i)</quote> and inserting <quote>subparagraph (A)</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H31C91156D549407C89C89CD6850939A9"><enum>(f)</enum><header>Amendments related to section 508</header><text>Section 209(a) of ERISA is amended—</text> <paragraph id="H0D0E40C36E8E4C02B1E0AE42DA9C579E"><enum>(1)</enum><text>in paragraph (1)—</text> <subparagraph id="H73EC1E7738004475A043CDEF1FF6C13"><enum>(A)</enum><text>by striking <quote>regulations prescribed by the Secretary</quote> and inserting <quote>such regulations as the Secretary may prescribe</quote>, and</text> </subparagraph> <subparagraph id="HA5E497D4017F461498EB38A83FB42CA8"><enum>(B)</enum><text>by striking the last sentence and inserting <quote>The report required under this paragraph shall be in the same form, and contain the same information, as periodic benefit statements under section 105(a).</quote>, and</text> </subparagraph></paragraph> <paragraph id="H042C14CD29524574AAE0D64384E5BAE"><enum>(2)</enum><text>by striking paragraph (2) and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="H386D8433C402471FAB2FC860A972B116" style="OLC"> <paragraph id="HDBB0C9DDF23740D3A1594F4B2E5546C"><enum>(2)</enum><text>If more than one employer adopts a plan, each such employer shall furnish to the plan administrator the information necessary for the administrator to maintain the records, and make the reports, required by paragraph (1). Such administrator shall maintain the records, and make the reports, required by paragraph (1).</text> </paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="HB823259568234951ADC7E7AFA7796E1E"><enum>(g)</enum><header>Amendment related to section 509</header><text>Section 101(i)(8)(B) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H9F28E45DBD594B5BA932755BEFD3E999" style="OLC"> <subparagraph id="HE0E9324C55F74DE399C613BD00BAE1B"><enum>(B)</enum><header>One-participant retirement plan</header><text>For purposes of subparagraph (A), the term <term>one-participant retirement plan</term> means a retirement plan that on the first day of the plan year—</text> <clause id="HD82FFCE61F7E497F85421E45DD6BD39B"><enum>(i)</enum><text>covered only one individual (or the individual and the individual's spouse) and the individual (or the individual and the individual's spouse) owned 100 percent of the plan sponsor (whether or not incorporated), or</text> </clause> <clause id="HE6DFB73209104DBBA9A5899CD261FEC7"><enum>(ii)</enum><text>covered only one or more partners (or partners and their spouses) in the plan sponsor.</text> </clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subsection></section> <section id="H8315B5037C624172AEFDF68584F4EC82"><enum>106.</enum><header>Amendments related to title VI</header> <subsection id="HE1306DAD82C74A1E8CE030D50019D7FC"><enum>(a)</enum><header>Amendments related to section <enum-in-header>601</enum-in-header></header> <paragraph id="H14B94CA104E447239080C2452F3B4976"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H802916F3E4C04A89AD0016C3E4CEB07F"><enum>(A)</enum><text>Section 408(g)(3)(D)(ii) of ERISA is amended by striking <quote>subsection (b)(14)(B)(ii)</quote> and inserting <quote>subsection (b)(14)(A)(ii)</quote>.</text> </subparagraph> <subparagraph id="H33992AC86568465EB383AA8DB2B81127"><enum>(B)</enum><text>Section 408(g)(6)(A)(i) of ERISA is amended by striking <quote>financial adviser</quote> and inserting <quote>fiduciary adviser</quote>.</text> </subparagraph> <subparagraph id="HCCFFF3499C234686A77828659400471C"><enum>(C)</enum><text>Section 408(g)(11)(A) of ERISA is amended—</text> <clause id="H651F31EFE195425A8BE5392F539981CE"><enum>(i)</enum><text>by striking <quote>the participant</quote> each place it appears and inserting <quote>a participant</quote>, and</text> </clause> <clause id="H39D6F6E5955C4F429D6B8131BAB4A440"><enum>(ii)</enum><text>by striking <quote>section 408(b)(4)</quote> in clause (ii) and inserting <quote>subsection (b)(4)</quote>.</text> </clause></subparagraph></paragraph> <paragraph id="HFE1066336C8548AA9C2E542835F3ECB"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H5060D08E2B784A2E880047CCF0FC3762"><enum>(A)</enum><text>Section 4975(d)(17) of the 1986 Code, in the matter preceding subparagraph (A), is amended by striking <quote>and that permits</quote> and inserting <quote>that permits</quote>.</text> </subparagraph> <subparagraph id="HA5A6A9D03D644174A15107458BDF8DE4"><enum>(B)</enum><text>Section 4975(f)(8) of the 1986 Code is amended—</text> <clause id="HF573D4599F8C4117B98DA5D31076D7FE"><enum>(i)</enum><text>in subparagraph (A), by striking <quote>subsection (b)(14)</quote> and inserting <quote>subsection (d)(17)</quote>,</text> </clause> <clause id="HF0FCDE8E6E2143C29E79D3D008A55C89"><enum>(ii)</enum><text>in subparagraph (C)(iv)(II), by striking <quote>subsection (b)(14)(B)(ii)</quote> and inserting <quote>(d)(17)(A)(ii)</quote>,</text> </clause> <clause id="H3631E7812FC14CB5934C296B91BA7211"><enum>(iii)</enum><text>in subparagraph (F)(i)(I), by striking <quote>financial adviser</quote> and inserting <quote>fiduciary adviser,</quote>,</text> </clause> <clause id="HD5A4416B12E54F19A56C4603E981D7B2"><enum>(iv)</enum><text>in subparagraph (I), by striking <quote>section 406</quote> and inserting <quote>subsection (c)</quote>, and</text> </clause> <clause id="H758427803ADC401DA0F7992B10C8A4C5"><enum>(v)</enum><text>in subparagraph (J)(i)—</text> <subclause id="H81AC9D9D31F84B2EB4E27ECFA2A858FA"><enum>(I)</enum><text>by striking <quote>the participant</quote> each place it appears and inserting <quote>a participant</quote>,</text> </subclause> <subclause id="HB32771F9EAAA4945B1032468CBCC0023"><enum>(II)</enum><text>in the matter preceding subclause (I), by inserting <quote>referred to in subsection (e)(3)(B)</quote> after <quote>investment advice</quote>, and</text> </subclause> <subclause id="HEAE8C3B397F7413AAC19D81CE269505F"><enum>(III)</enum><text>in subclause (II), by striking <quote>section 408(b)(4)</quote> and inserting <quote>subsection (d)(4)</quote>.</text> </subclause></clause></subparagraph></paragraph> <paragraph id="H83D5C4AC0AE34D489CEA5BC6A955D05E"><enum>(3)</enum><header>Amendment to 2006 Act</header><text>Section 601(b)(4) of the 2006 Act is amended by striking <quote>section 4975(c)(3)(B)</quote> and inserting <quote>section 4975(e)(3)(B)</quote>.</text> </paragraph></subsection> <subsection commented="no" id="HEBFA54CD64904B36AC13EBC69D54CDFA"><enum>(b)</enum><header>Amendments related to section 611</header> <paragraph commented="no" id="HFB9FE96DAF7B49299CF4BC1CE7CEC0AD"><enum>(1)</enum><header>Amendment to ERISA</header><text>Section 408(b)(18)(C) of ERISA is amended by striking <quote>or less</quote>.</text> </paragraph> <paragraph commented="no" id="HC8A2672E98C440508E94ACBE538C3123"><enum>(2)</enum><header>Amendments to 1986 Code</header><text>Section 4975(d) of the 1986 Code is amended—</text> <subparagraph commented="no" id="H4B4EB7D5A1564916A9452422C0905729"><enum>(A)</enum><text>in the matter preceding subparagraph (A) of paragraph (18)—</text> <clause commented="no" id="H9D8B36D28EA54ADEAEE765230000C637"><enum>(i)</enum><text>by striking <quote>party in interest</quote> and inserting <quote>disqualified person</quote>, and</text> </clause> <clause commented="no" id="H9E836C1270494ABD94E6554246F6C1F2"><enum>(ii)</enum><text>by striking <quote>subsection (e)(3)(B)</quote> and inserting <quote>subsection (e)(3)</quote>,</text> </clause></subparagraph> <subparagraph commented="no" id="H663605EFAE80407895222320F26564AC"><enum>(B)</enum><text>in paragraphs (19), (20), and (21), by striking <quote>party in interest</quote> each place it appears and inserting <quote>disqualified person</quote>, and</text> </subparagraph> <subparagraph commented="no" id="H369C6480BE1E402E9D4783D02139E85"><enum>(C)</enum><text>by striking <quote>or less</quote> in paragraph (21)(C).</text> </subparagraph></paragraph></subsection> <subsection id="H3C0CE5C7E7EA432082008BD6E3F6BE03"><enum>(c)</enum><header>Amendments related to section 612</header><text>Section 4975(f)(11)(B)(i) of the 1986 Code is amended by—</text> <paragraph id="H53FAAC44AAB84477AC00E51D05EB848C"><enum>(1)</enum><text>inserting <quote>of the Employee Retirement Income Security Act of 1974</quote> after <quote>section 407(d)(1)</quote>, and</text> </paragraph> <paragraph id="H0EA3B5F56F044458BE465CDB3B866EA6"><enum>(2)</enum><text>inserting <quote>of such Act</quote> after <quote>section 407(d)(2)</quote>.</text> </paragraph></subsection> <subsection id="HC7BB2F5BC0C543168D8D8D87EC468CF8"><enum>(d)</enum><header>Amendments related to section 624</header><text>Section 404(c)(5) of ERISA is amended by striking <quote>participant</quote> each place it appears and inserting <quote>participant or beneficiary</quote>.</text> </subsection></section> <section id="H8E05D615713345DC8D8703856D8FCEAC"><enum>107.</enum><header>Amendments related to title VII</header> <subsection id="H9B465F4C0A0D4B5BB622303863CAEE37"><enum>(a)</enum><header>Amendments to ERISA</header> <paragraph id="H3F94AF46D80041DEBC6F3FE6C319EA7B"><enum>(1)</enum><text>Section 203(f)(1)(B) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HC988AF9951A945B68CC25091E76B1600" style="OLC"> <subparagraph id="H91D7C413A8644622BE6474CEFE21616B"><enum>(B)</enum><text>the requirements of section 204(c) or 205(g), or the requirements of subsection (e), with respect to accrued benefits derived from employer contributions,</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="HF9AD92CF17194CD0908C55483C935FAD"><enum>(2)</enum><text>Section 204(b)(5) of ERISA is amended—</text> <subparagraph id="H34738FF44F964B2C922F075EF381BB09"><enum>(A)</enum><text>by striking <quote>clause</quote> in subparagraph (A)(iii) and inserting <quote>subparagraph</quote>, and</text> </subparagraph> <subparagraph id="HABBDE399D6CA4CDD9DC8D9BC495BFA3"><enum>(B)</enum><text>by inserting <quote>otherwise</quote> before <quote>allowable</quote> in subparagraph (C).</text> </subparagraph></paragraph> <paragraph id="HFEC812763A784A37895FECA0DDCD70AB"><enum>(3)</enum><text>Subclause (II) of section 204(b)(5)(B)(i) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HD6139A3FEBA74738A0039BD19D3F1B23" style="OLC"> <subclause commented="no" display-inline="no-display-inline" id="H5DAA8B627C5B44E7B7A9DC49AE05EA5D"><enum>(II)</enum><header display-inline="yes-display-inline">Preservation of capital</header><text display-inline="yes-display-inline">An applicable defined benefit plan shall be treated as failing to meet the requirements of paragraph (1)(H) unless the plan provides that an interest credit (or equivalent amount) of less than zero shall in no event result in the account balance or similar amount being less than the aggregate amount of contributions credited to the account.</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="H675EA9AE95B84579854D0508836557B"><enum>(b)</enum><header>Amendments to 1986 Code</header> <paragraph id="H35C4583B03F74B2F8309E34B60C1394"><enum>(1)</enum><text>Section 411(b)(5) of the 1986 Code is amended—</text> <subparagraph id="H02739E9CA02F40898BFAEAC93E1F8300"><enum>(A)</enum><text>by striking <quote>clause</quote> in subparagraph (A)(iii) and inserting <quote>subparagraph</quote>, and</text> </subparagraph> <subparagraph id="H14D32847A6AC42F58B9419A1D29BAFF7"><enum>(B)</enum><text>by inserting <quote>otherwise</quote> before <quote>allowable</quote> in subparagraph (C).</text> </subparagraph></paragraph> <paragraph id="H7588B3958F4C4A39B67FBA10BDB08000"><enum>(2)</enum><text>Section 411(a)(13)(A) of the 1986 Code is amended—</text> <subparagraph id="HB77018FBE0704BEB928F8D645744F9DB"><enum>(A)</enum><text>by striking <quote>paragraph (2)</quote> in clause (i) and inserting <quote>subparagraph (B)</quote>,</text> </subparagraph> <subparagraph id="H902D40AC57844E3592998B511D25CACA"><enum>(B)</enum><text>by striking clause (ii) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H3C3D66DD33224B6EAA414202DFD300B1" style="OLC"> <clause id="H0C7AD4688FCD45C0B0A4E2BED2E55868"><enum>(ii)</enum><text>the requirements of subsection (a)(11) or (c), or the requirements of section 417(e), with respect to accrued benefits derived from employer contributions,</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H70F0AE514276466A89A0DB26FF558413"><enum>(C)</enum><text>by striking <quote>paragraph (3)</quote> in the matter following clause (ii) and inserting <quote>subparagraph (C)</quote>.</text> </subparagraph></paragraph> <paragraph id="HAE4E373B798E45DCA748BF3BD8D515F5"><enum>(3)</enum><text>Subclause (II) of section 411(b)(5)(B)(i) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H358905A1F1A546D2915135B743936746" style="OLC"> <subclause id="H2E77EC13D955471C84AC4E00008FC1E4"><enum>(II)</enum><header>Preservation of capital</header><text>An applicable defined benefit plan shall be treated as failing to meet the requirements of paragraph (1)(H) unless the plan provides that an interest credit (or equivalent amount) of less than zero shall in no event result in the account balance or similar amount being less than the aggregate amount of contributions credited to the account.</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="HE8D39A75B49347C18C7F2B14B8C9DD00"><enum>(c)</enum><header>Amendments to 2006 Act</header> <paragraph id="H3F0FFE850C324F1AA1CB15F6B53F08D4"><enum>(1)</enum><text>Section 701(d)(2) of the 2006 Act is amended by striking <quote>204(g)</quote> and inserting <quote>205(g)</quote>.</text> </paragraph> <paragraph id="H3C70ECA2A58F4A8C9EBF0025D4EE91AB"><enum>(2)</enum><text>Section 701(e) of the 2006 Act is amended—</text> <subparagraph id="HC5168ABD14304061B7BA831D7BD16075"><enum>(A)</enum><text>by inserting <quote>on or</quote> after <quote>period</quote> in paragraph (3),</text> </subparagraph> <subparagraph id="HC75C2FF316434F688877E2AF8F324E5C"><enum>(B)</enum><text>in paragraph (4)—</text> <clause id="H69576206B26E45AE8E48917EFB7EAD56"><enum>(i)</enum><text>by inserting <quote>the earlier of </quote> after <quote>before</quote> in the matter preceding subparagraph (A), and</text> </clause> <clause id="HAE62AF6AC9604A28967DD7043DD995A9"><enum>(ii)</enum><text>by striking <quote>earlier</quote> and inserting <quote>later</quote> in subparagraph (A),</text> </clause></subparagraph> <subparagraph id="HA6A9AA641318472D9E482420451D7C70"><enum>(C)</enum><text>by inserting <quote>on or</quote> before <quote>after</quote> each place it appears in paragraph (5), and</text> </subparagraph> <subparagraph id="H40284FC84A694657A4F2D089963D0372"><enum>(D)</enum><text>by adding at the end the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="H0B2F5162CFEE45EE8260E3F450430042" style="OLC"> <paragraph id="HE06C3F5FC03B47AA9FA838E82444137F"><enum>(6)</enum><header>Special rule for vesting requirements</header><text>The requirements of section 203(f)(2) of the Employee Retirement Income Security Act of 1974 and <external-xref legal-doc="usc" parsable-cite="usc/26/411">section 411(a)(13)(B)</external-xref> of the Internal Revenue Code of 1986 (as added by this Act)—</text> <subparagraph id="H585FC171A853491D94A347A66EF0E6A3"><enum>(A)</enum><text>shall not apply to a participant who does not have an hour of service after the effective date of such requirements (as otherwise determined under this subsection); and</text> </subparagraph> <subparagraph id="HCC5C69B5A3384B9A00768CE79D4178A4"><enum>(B)</enum><text>in the case of a plan other than a plan described in paragraph (3) or (4), shall apply to plan years ending on or after June 29, 2005.</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph></paragraph></subsection></section> <section id="H0AC222C8A18146FCB93F04D6435823F"><enum>108.</enum><header>Amendments related to title VIII</header> <subsection id="HF062123F1A554E4EA8BCB476AE5955CB"><enum>(a)</enum><header>Amendments related to section 801</header> <paragraph id="HE5D8C5C12A414198A55461649C00A0CC"><enum>(1)</enum><text>Section 404(o) of the 1986 Code is amended—</text> <subparagraph id="HD71A9E7624974641006FB08B473FE400"><enum>(A)</enum><text>by striking <quote>430(g)(2)</quote> in paragraph (2)(A)(ii) and inserting <quote>430(g)(3)</quote>, and</text> </subparagraph> <subparagraph id="HE2479BDAE1AA48CAA02B4C254425EE21"><enum>(B)</enum><text>by striking <quote>412(f)(4)</quote> in paragraph (4)(B) and inserting <quote>412(d)(3)</quote>.</text> </subparagraph></paragraph> <paragraph id="H06D3A70CA1A845D2AA1E00289D75D5A"><enum>(2)</enum><text>Section 404(a)(7)(A) of the 1986 Code is amended—</text> <subparagraph id="H8838B10294144D02841DC62EC36BF5EC"><enum>(A)</enum><text>by striking the next to last sentence, and</text> </subparagraph> <subparagraph id="HA5DFA0BDFE3E449C90AFC32C908C3487"><enum>(B)</enum><text>by striking <quote>the plan's funding shortfall determined under section 430</quote> in the last sentence and inserting <quote>the excess (if any) of the plan's funding target (as defined in section 430(d)(1)) over the value of the plan's assets (as determined under section 430(g)(3))</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H1819D12522744DD687AAAF96D78B2C03"><enum>(b)</enum><header>Amendment related to section 802</header><text>Section 404(a)(1)(D)(i) of the 1986 Code is amended by striking <quote>431(c)(6)(C)</quote> and inserting <quote>431(c)(6)(D)</quote>.</text> </subsection> <subsection id="H71ACCEA75F3F4F38982815699978813D"><enum>(c)</enum><header>Amendment related to section 803</header><text>Clause (iii) of section 404(a)(7)(C) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HBB7182BEDAF842E4957B68DDE407F3A7" style="OLC"> <clause id="H294AC13479A44915A34F05E4132FBB"><enum>(iii)</enum><header>Limitation</header><text>In the case of employer contributions to 1 or more defined contribution plans—</text> <subclause id="H62A3044267EC474192E937C79BD0348C"><enum>(I)</enum><text>if such contributions do not exceed 6 percent of the compensation otherwise paid or accrued during the taxable year to the beneficiaries under such plans, this paragraph shall not apply to such contributions or to employer contributions to the defined benefit plans to which this paragraph would otherwise apply by reason of contributions to the defined contribution plans, and</text> </subclause> <subclause id="HD4757859AE8845278CC739B5FA7245AC"><enum>(II)</enum><text>if such contributions exceed 6 percent of such compensation, this paragraph shall be applied by only taking into account such contributions to the extent of such excess.</text> </subclause><continuation-text continuation-text-level="clause">For purposes of this clause, amounts carried over from preceding taxable years under subparagraph (B) shall be treated as employer contributions to 1 or more defined contributions plans to the extent attributable to employer contributions to such plans in such preceding taxable years.</continuation-text></clause><after-quoted-block>.</after-quoted-block></quoted-block> </subsection> <subsection id="H3DBD8B433ECE4B6A85752DF790053B27"><enum>(d)</enum><header>Amendments related to section 824</header> <paragraph id="HAB6BD0AF8B754C90BDF2BFCE71CFC3DE"><enum>(1)</enum><text>Section 408A(c)(3)(B) of the 1986 Code, as in effect after the amendments made by section 824(b)(1) of the 2006 Act, is amended—</text> <subparagraph id="H33C6E5DA587D4CDB93E8B5DBCB5442D1"><enum>(A)</enum><text>by striking the second <quote>an</quote> before <quote>eligible</quote>,</text> </subparagraph> <subparagraph id="HDE4146418C8441D5A0AB32955DD8D7AD"><enum>(B)</enum><text>by striking <quote>other than a Roth IRA</quote>, and</text> </subparagraph> <subparagraph id="H75172F535D27495BBF5D23A558ED0829"><enum>(C)</enum><text>by adding at the end the following new flush sentence:</text> <continuation-text continuation-text-level="subparagraph"><quote>This subparagraph shall not apply to a qualified rollover contribution from a Roth IRA or to a qualified rollover contribution from a designated Roth account which is a rollover contribution described in section 402A(c)(3)(A).</quote> </continuation-text></subparagraph></paragraph> <paragraph id="HDA085C18D9504FA9B989976ED310FDF1"><enum>(2)</enum><text>Section 408A(d)(3)(B), as in effect after the amendments made by section 824(b)(2)(B) of the 2006 Act, is amended by striking <quote>(other than a Roth IRA)</quote> and by inserting at the end the following new sentence: <quote>This paragraph shall not apply to a distribution which is a qualified rollover contribution from a Roth IRA or a qualified rollover contribution from a designated Roth account which is a rollover contribution described in section 402A(c)(3)(A)</quote>.</text> </paragraph></subsection> <subsection id="H4FA18279A9A04265BD00FC2CA6A9AF29"><enum>(e)</enum><header>Amendment to section 827</header><text>The first sentence of section 72(t)(2)(G)(iv) of the 1986 Code is amended by inserting <quote>on or</quote> before <quote>before</quote>.</text> </subsection> <subsection id="H201C0D0FA5704E66A4B8004DE3FA19C"><enum>(f)</enum><header>Amendments related to section 829</header> <paragraph id="HE8F9095E238842F59800F311BC2B8093"><enum>(1)</enum><text>Section 402(c)(11) of the 1986 Code is amended—</text> <subparagraph id="H512657BE9E3E46158F499600030057FF"><enum>(A)</enum><text>by inserting <quote>described in paragraph (8)(B)(iii)</quote> after <quote>eligible retirement plan</quote> in subparagraph (A), and</text> </subparagraph> <subparagraph id="HC30B429A35504D59A77242D7A4A9009D"><enum>(B)</enum><text>by striking <quote>trust</quote> before <quote>designated beneficiary</quote> in subparagraph (B).</text> </subparagraph></paragraph> <paragraph id="H8EAE52CAB82544CA8B590095FB446A7"><enum>(2)</enum> <subparagraph commented="no" display-inline="yes-display-inline" id="HDA9CA9134FD24963A6CF19E6738E8D25"><enum>(A)</enum><text>Section 402(f)(2)(A) of the 1986 Code is amended by adding at the end the following new sentence: <quote>Such term shall include any distribution to a designated beneficiary which would be treated as an eligible rollover distribution by reason of subsection (c)(11), or section 403(a)(4)(B), 403(b)(8)(B), or 457(e)(16)(B), if the requirements of subsection (c)(11) were satisfied.</quote></text> </subparagraph> <subparagraph id="H86247A432DA54963B705DFD35BB0B0DD" indent="up1"><enum>(B)</enum><text>Clause (i) of section 402(c)(11)(A) of the 1986 Code is amended by striking <quote>for purposes of this subsection</quote>.</text> </subparagraph> <subparagraph id="H69BF9CAD7D0148F8897D229CDB86C1D" indent="up1"><enum>(C)</enum><text>The amendments made by this paragraph shall apply with respect to plan years beginning after December 31, 2008.</text> </subparagraph></paragraph></subsection> <subsection id="H16A66F1A154D4219878434BAE52B76A2"><enum>(g)</enum><header>Amendment related to section 832</header><text>Section 415(f) of the 1986 Code is amended by striking paragraph (2) and by redesignating paragraph (3) as paragraph (2).</text> </subsection> <subsection id="HE7F4731DEFA44871B0BF6999A217CF00"><enum>(h)</enum><header>Amendments related to section 833</header> <paragraph id="H149659E87C8A4E0294A7E855D565A00"><enum>(1)</enum><text>Section 408A(c)(3)(C) of the 1986 Code, as added by section 833(c) of the 2006 Act, is redesignated as subparagraph (E).</text> </paragraph> <paragraph id="H2ADFE1EA6F46493EBEEEC9AAEFCF8600"><enum>(2)</enum><text>In the case of taxable years beginning after December 31, 2009, section 408A(c)(3)(E) of the 1986 Code (as redesignated by paragraph (1))—</text> <subparagraph id="HD53CD1AAB0B740648B74B7D15E02700"><enum>(A)</enum><text>is redesignated as subparagraph (D), and</text> </subparagraph> <subparagraph id="H77E40E7C75E2448186F9B493EBB4B828"><enum>(B)</enum><text>is amended by striking <quote>subparagraph (C)(ii)</quote> and inserting <quote>subparagraph (B)(ii)</quote>.</text> </subparagraph></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H1B4A6A40BEDC4573867BC6C4A5787BC6"><enum>(i)</enum><header display-inline="yes-display-inline">Amendments related to section 841</header> <paragraph commented="no" display-inline="no-display-inline" id="HADD8FE8894E94FAEA7838B93F1C06DBA"><enum>(1)</enum><text>Section 420(c)(1)(A) of the 1986 Code is amended by adding at the end the following new sentence: <quote>In the case of a qualified future transfer or collectively bargained transfer to which subsection (f) applies, any assets so transferred may also be used to pay liabilities described in subsection (f)(2)(C).</quote></text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HA02267C9282F4B01A131E4F2C108FF13"><enum>(2)</enum><text>Section 420(f)(2) of the 1986 Code is amended by striking <quote>such</quote> before <quote>the applicable</quote> in subparagraph (D)(i)(I).</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H4CE43B72F9C340ED9E84814D86A78C4B"><enum>(3)</enum><text>Section 4980(c)(2)(B) of the 1986 Code is amended by striking <quote>or</quote> at the end of clause (i), by striking the period at the end of clause (ii) and inserting <quote>, or</quote>, and by adding at the end the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H3BB2BA6075F54EBDACA891D3FF8C0040" style="OLC"> <clause commented="no" display-inline="no-display-inline" id="H5D2F9CD0E0444E40BEA0E6C8E69F859D"><enum>(iii)</enum><text>any transfer described in section 420(f)(2)(B)(ii)(II).</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H12AE10C64296404685F339009100CDAC"><enum>(j)</enum><header>Amendments related to section 845</header> <paragraph commented="no" display-inline="no-display-inline" id="HAEAD0E0BD6984015B4C7DDC8770971EC"><enum>(1)</enum><text>Subsection (l) of section 402 of the 1986 Code is amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H5A8500E20E0049FA818B42FE73B80004"><enum>(A)</enum><text>in paragraph (1)—</text> <clause id="H8C592CB4EDA84F548518D3F03D1C9E"><enum>(i)</enum><text>by inserting <quote>maintained by the employer described in paragraph (4)(B)</quote> after <quote>an eligible retirement plan</quote>, and</text> </clause> <clause commented="no" display-inline="no-display-inline" id="H5C7155D649FD485B9C038B02F6002509"><enum>(ii)</enum><text>by striking <quote>of the employee, his spouse, or dependents (as defined in section 152)</quote> ,</text> </clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H690052E6A72A4982AE7DFADDFDBB9EC4"><enum>(B)</enum><text>in paragraph (4)(D), by—</text> <clause commented="no" display-inline="no-display-inline" id="H84A815B5FD4F402CBA464533EBB714AF"><enum>(i)</enum><text>inserting <quote>(as defined in section 152)</quote> after <quote>dependents</quote>, and</text> </clause> <clause commented="no" display-inline="no-display-inline" id="H72CC4DE4D4304B00A916677272C28505"><enum>(ii)</enum><text>striking <quote>health insurance plan</quote> and inserting <quote>health plan</quote>, and</text> </clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HB98E1BC8E36744ABA1C75D85311F7B56"><enum>(C)</enum><text>in paragraph (5)(A), by striking <quote>health insurance plan</quote> and inserting <quote>health plan</quote>.</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H11990FF1B98D44D28D47D9B69F71326C"><enum>(2)</enum><text>Subparagraph (B) of section 402(l)(3) of the 1986 Code is amended by striking <quote>all amounts distributed from all eligible retirement plans were treated as 1 contract for purposes of determining the inclusion of such distribution under section 72</quote> and inserting <quote>all amounts to the credit of the eligible public safety officer in all eligible retirement plans maintained by the employer described in paragraph (4)(B) were distributed during such taxable year and all such plans were treated as 1 contract for purposes of determining under section 72 the aggregate amount which would have been so includible</quote>.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H385901AE6EC84779B6307E4483F5EFFC"><enum>(k)</enum><header>Amendments related to section 854</header> <paragraph commented="no" display-inline="no-display-inline" id="H69584E0CE2D4474A8D8ECE4FF1E02498"><enum>(1)</enum><text>Section 3121(b)(5)(E) of the 1986 Code is amended by striking <quote>or special trial judge</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H3EDED00F5E5E471BA1CAA23DDC367971"><enum>(2)</enum><text>Section 210(a)(5)(E) of the Social Security Act is amended by striking <quote>or special trial judge</quote>.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H2149279F3EEB4B40A1A44CD336F021FA"><enum>(l)</enum><header>Amendments related to section 856</header><text>Section 856 of the 2006 Act, and the amendments made by such section, are hereby repealed, and the Internal Revenue Code of 1986 shall be applied and administered as if such sections and amendments had not been enacted.</text> </subsection> <subsection commented="no" display-inline="no-display-inline" id="H651525FC6D0F47AD9D78E736D12D00ED"><enum>(m)</enum><header>Amendment related to section 864</header><text>Section 864(a) of the 2006 Act is amended by striking <quote>Reconciliation</quote>.</text> </subsection></section> <section commented="no" display-inline="no-display-inline" id="H422D7AAD4D544C7C95FD405856316593"><enum>109.</enum><header>Amendments related to title IX</header> <subsection commented="no" display-inline="no-display-inline" id="HBDC41D05DA3542099731FFD4752067E"><enum>(a)</enum><header>Amendment related to section 901</header><text>Section 401(a)(35)(E)(iv) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H722EA3B9DEAF4383BCEA003C67F7E951" style="OLC"> <clause commented="no" display-inline="no-display-inline" id="H43025D27395A4BE7AC58A950009E23B"><enum>(iv)</enum><header>One-participant retirement plan</header><text>For purposes of clause (iii), the term <term>one-participant retirement plan</term> means a retirement plan that on the first day of the plan year—</text> <subclause commented="no" display-inline="no-display-inline" id="HCF6D66CB4B6643A9B26373D13F7FBBE"><enum>(I)</enum><text>covered only one individual (or the individual and the individual's spouse) and the individual (or the individual and the individual's spouse) owned 100 percent of the plan sponsor (whether or not incorporated), or</text> </subclause> <subclause commented="no" display-inline="no-display-inline" id="HA510352603554296AFB2C6B5AFB6FF91"><enum>(II)</enum><text>covered only one or more partners (or partners and their spouses) in the plan sponsor.</text> </subclause></clause><after-quoted-block>.</after-quoted-block></quoted-block> </subsection> <subsection commented="no" display-inline="no-display-inline" id="H7ECD2756EFB441C0A33E42964E84BCB6"><enum>(b)</enum><header>Amendments related to section 902</header> <paragraph commented="no" display-inline="no-display-inline" id="H73E29F6906C84374876F6908CBAEC378"><enum>(1)</enum><text>Section 401(k)(13)(D)(i)(I) of the 1986 Code is amended by striking <quote>such compensation as exceeds 1 percent but does not</quote> and inserting <quote>such contributions as exceed 1 percent but do not</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H121684DF7E7A44BAAF1CABE071CC2B37"><enum>(2)</enum><text>Sections 401(k)(8)(E) and 411(a)(3)(G) of the 1986 Code are each amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="HF533B3B2BCAB492EBFDF00A710D3E941"><enum>(A)</enum><text>by striking <quote>an erroneous automatic contribution</quote> and inserting <quote>a permissible withdrawal</quote>, and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H6C066C33C0D8415298C4576D54AE1031"><enum>(B)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">erroneous automatic contribution</header-in-text></quote> in the heading and inserting <quote><header-in-text level="subparagraph" style="OLC">permissible withdrawal</header-in-text></quote>.</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HB2F7BA820AD84FDEAF00B45852427C01"><enum>(3)</enum><text>Section 402(g)(2)(A)(ii) of the 1986 Code is amended by inserting <quote>through the end of such taxable year</quote> after <quote>such amount</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H987CF8C3B14948C88713A59D113738E"><enum>(4)</enum><text>Section 414(w)(3) of the 1986 Code is amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H3F0C6C1C0F6C47020067F3EDC200881B"><enum>(A)</enum><text>in subparagraph (B), by inserting <quote>and</quote> after the comma at the end,</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H0F467677F696412BB1D530D108059875"><enum>(B)</enum><text>by striking subparagraph (C), and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H00A2D3EB93C7463A88001029F2ED75B9"><enum>(C)</enum><text>by redesignating subparagraph (D) as subparagraph (C).</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H574EE1D2E1384F15B859380030CD8E85"><enum>(5)</enum><text>Section 414(w)(5) of the 1986 Code is amended by striking <quote>and</quote> at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting a comma, and by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="H2F14E33B7FEB4EBBB99F1EA7AD00FE1F" style="OLC"> <subparagraph commented="no" display-inline="no-display-inline" id="HCEC032A06CAB44F0933192A4B96D60DE"><enum>(D)</enum><text>a simplified employee pension the terms of which provide for a salary reduction arrangement described in section 408(k)(6), and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HC7D72555319A40219CF7BD647278742E"><enum>(E)</enum><text>a simple retirement account (as defined in section 408(p)).</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="HC4E14F075EE64666B6FC48002EB0756B"><enum>(6)</enum><text>Section 414(w)(6) of the 1986 Code is amended by inserting <quote>or for purposes of applying the limitation under section 402(g)(1)</quote> before the period at the end.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H8EBC14001C844D2BB3A2B47200FCD9DD"><enum>(c)</enum><header>Amendments related to section 903</header> <paragraph commented="no" display-inline="no-display-inline" id="H91BD942F9B304F4682A920B89381CA"><enum>(1)</enum><header>Amendment of 1986 Code</header><text>Section 414(x)(1) of the 1986 Code is amended by adding at the end of paragraph (1) the following new sentence: <quote>In the case of a termination of the defined benefit plan and the applicable defined contribution plan forming part of an eligible combined plan, the plan administrator shall terminate each such plan separately.</quote></text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H4FE5AED961DA441B8BAE2013E9F7DCFE"><enum>(2)</enum><header>Amendments of ERISA</header><text>Section 210(e) of ERISA is amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H38BE7F42D8CA470A8D16DDDC9425F53D"><enum>(A)</enum><text>by adding at the end of paragraph (1) the following new sentence: <quote>In the case of a termination of the defined benefit plan and the applicable defined contribution plan forming part of an eligible combined plan, the plan administrator shall terminate each such plan separately.</quote>, and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H09A81E23C221485B83E8B7EF704224F5"><enum>(B)</enum><text>by striking paragraph (3) and by redesignating paragraphs (4), (5), and (6) as paragraphs (3), (4), and (5), respectively.</text> </subparagraph></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H55E93E25B9B242BA00741E141BFAA6C8"><enum>(d)</enum><header>Amendments related to section 906</header> <paragraph commented="no" display-inline="no-display-inline" id="H59F9167407F044CF93EBA211F4C56F0"><enum>(1)</enum><text>Section 906(b)(1)(B)(ii) of the 2006 Act is amended by striking <quote>paragraph (1)</quote> and inserting <quote>paragraph (10)</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H51967D6401E94E72B84FDA477FAE3D3C"><enum>(2)</enum><text>Section 4021(b) of ERISA is amended by inserting <quote>or</quote> at the end of paragraph (12), by striking <quote>; or</quote> at the end of paragraph (13) and inserting a period, and by striking paragraph (14).</text> </paragraph></subsection></section> <section id="H2482A800964F4665A9B3CC1B888FD86B"><enum>110.</enum><header>Amendments related to title X</header> <subsection id="H57691D65E667492BA6A4C255B6E1EF68"><enum>(a)</enum><header>Amendments to Railroad Retirement Act</header> <paragraph id="HFA7A9CB260924F28936EFF00477563DC"><enum>(1)</enum><text>Section 14(b) of the Railroad Retirement Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/45/231m">45 U.S.C. 231m(b)</external-xref>) is amended by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HF2AB7F49956D48F1992642BA8FE9B9F" style="OLC"> <paragraph id="H7EFAF148BDAE4CE78177EDAE95BBA7D7"><enum>(3)</enum> <subparagraph commented="no" display-inline="yes-display-inline" id="H621FE607344B49DE90C755682C69C8F3"><enum>(A)</enum><text>Payments made pursuant to paragraph (2) of this subsection shall not require that the employee be entitled to an annuity under section 2(a)(1) of this Act: Provided, however, That where an employee is not entitled to such an annuity, payments made pursuant to paragraph (2) may not begin before the month in which the following three conditions are satisfied:</text> <clause id="H261E172B058547EC8E1785B082515295" indent="up1"><enum>(i)</enum><text>The employee has completed ten years of service in the railroad industry or, five years of service all of which accrues after December 31, 1995.</text> </clause> <clause id="H07EACD1873D44DCD95B9B828B42DA38" indent="up1"><enum>(ii)</enum><text>The spouse or former spouse attains age 62.</text> </clause> <clause id="H4F20503221BB416FB4652B71B3B1A512" indent="up1"><enum>(iii)</enum><text>The employee attains age 62 (or if deceased, would have attained age 62).</text> </clause></subparagraph> <subparagraph id="HC6763C1DE6334D9F00ACD9009E4110D9" indent="up1"><enum>(B)</enum><text>Payments made pursuant to paragraph (2) of this subsection shall terminate upon the death of the spouse or former spouse, unless the court document provides for termination at an earlier date. Notwithstanding the language in a court order, that portion of payments made pursuant to paragraph (2) which represents payments computed pursuant to section 3(f)(2) of this Act shall not be paid after the death of the employee.</text> </subparagraph> <subparagraph id="id12622F70253A41B3A5443FCDED6546BC" indent="up1"><enum>(C)</enum><text>If the employee is not entitled to an annuity under section 2(a)(1) of this Act, payments made pursuant to paragraph (2) of this subsection shall be computed as though the employee were entitled to an annuity.</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="H2A50664CAB4B47869C00F58C2140493B"><enum>(2)</enum><text>Subsection (d) of section 5 of the Railroad Retirement Act (<external-xref legal-doc="usc" parsable-cite="usc/45/231d">45 U.S.C. 231d</external-xref>) is repealed.</text> </paragraph></subsection> <subsection id="H6A835CD6E59148308FD836CD909B703"><enum>(b)</enum><header>Effective dates</header> <paragraph id="HC7712046B5034B5B85AA78C7D3D2B5DA"><enum>(1)</enum><header>Subsection <enum-in-header>(a)(1)</enum-in-header></header><text>The amendment made by subsection (a)(1) shall apply with respect to payments due for months after August 2007. If, prior to the effective date of such amendment, payment pursuant to paragraph (2) of section 14(b) of the Railroad Retirement Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/45/231m">45 U.S.C. 231m(b)</external-xref>) was terminated because of the employee's death, payment to the former spouse may be reinstated for months after August 2007.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H138A6806399B4284814B9F600489224F"><enum>(2)</enum><header>Subsection <enum-in-header>(a)(2)</enum-in-header></header><text>The amendment made by subsection (a)(2) shall take effect upon the date of the enactment of this Act.</text> </paragraph></subsection></section> <section commented="no" display-inline="no-display-inline" id="H40D56FCEF26F4BA5B7F0915000D9EE6B"><enum>111.</enum><header>Amendments related to title XI</header> <subsection commented="no" display-inline="no-display-inline" id="H0F4F2795BD8B47AE84A790A436E6BFF"><enum>(a)</enum><header>Amendment related to section 1104</header><text>Section 1104(d)(1) of the 2006 Act is amended by striking <quote>Act</quote> the first place it appears and inserting <quote>section</quote>.</text> </subsection> <subsection commented="no" display-inline="no-display-inline" id="H18DD9C028F024B89AE88663700F99F3B"><enum>(b)</enum><header>Amendments related to section 1105</header><text>Section 3304(a) of the 1986 Code is amended—</text> <paragraph commented="no" display-inline="no-display-inline" id="H8E2F5AD086B94646B2C9470748A7C15"><enum>(1)</enum><text>in paragraph (15)—</text> <subparagraph commented="no" display-inline="no-display-inline" id="HD61B4E115F1D41499089C6A8C1F3601C"><enum>(A)</enum><text>by redesignating clauses (i) and (ii) of subparagraph (A) as subclauses (I) and (II),</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HA1DDBB7ECFDD4218BE8DC34CEF23EAAA"><enum>(B)</enum><text>by redesignating subparagraphs (A) and (B) as clauses (i) and (ii),</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HF665C7A3397A4D62B03ED2096513B87F"><enum>(C)</enum><text>by striking the semicolon at the end of clause (ii) (as so redesignated) and inserting <quote>, and</quote>,</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H3C6C2E7D7C2B4F598593B9F600A20381"><enum>(D)</enum><text>by striking <quote>(15)</quote> and inserting <quote>(15)(A) subject to subparagraph (B),</quote>, and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HC2F0E2190DCB45F3A242DCDAA0564C83"><enum>(E)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="H89FF307D92F34ABAAB374ED991ECCE89" style="OLC"> <subparagraph commented="no" display-inline="no-display-inline" id="HDCBA1965C02344F4B036B680AAD3B669"><enum>(B)</enum><text>the amount of compensation shall not be reduced on account of any payments of governmental or other pensions, retirement or retired pay, annuity, or other similar payments which are not includible in the gross income of the individual for the taxable year in which it was paid because it was part of a rollover distribution;</text> </subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H01A7F30A4AD74228A72913FABC7089AF"><enum>(2)</enum><text>by striking the last sentence.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H987B1AFE4D274B69BFC84869A400F304"><enum>(c)</enum><header>Amendments related to section 1106</header><text>Section 3(37)(G) of ERISA is amended by—</text> <paragraph commented="no" display-inline="no-display-inline" id="H24F26FB38782460FAEC1EA00DF589188"><enum>(1)</enum><text>striking <quote>paragraph</quote> each place it appears in clauses (ii), (iii), and (v)(I) and inserting <quote>subparagraph</quote>,</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HDBF692D37B86431FA4462E99942D7264"><enum>(2)</enum><text>striking <quote>subclause (i)(II)</quote> in clause (iii) and inserting <quote>clause (i)(II)</quote>,</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HC49E56308AAE41A6943B499B266FCEB9"><enum>(3)</enum><text>striking <quote>subparagraph</quote> in clause (v)(II) and inserting <quote>clause</quote>, and</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H2208410688DF498D9CC5A1544290FA8"><enum>(4)</enum><text>by striking <quote>section 101(b)(4)</quote> in clause (v)(III) and inserting <quote>section 101(b)(1)</quote>.</text> </paragraph></subsection></section> <section commented="no" display-inline="no-display-inline" id="HE21E2EC19C73475DA3970046C5899677" section-type="subsequent-section"><enum>112.</enum><header>Effective date</header><text display-inline="no-display-inline">Except as otherwise provided in this title, the amendments made by this title shall take effect as if included in the provisions of the 2006 Act to which the amendments relate.</text> </section>

110 HR 6382 EH: Pension Protection Technical Corrections Act of 2008 U.S. House of Representatives 0 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

Short title; references to acts

(a)

In general

This Act may be cited as the

Pension Protection Technical Corrections Act of 2008

. (b)

References to Acts

For purposes of this Act: (1)

Amendment of 1986 Code

The term 1986 Code means the Internal Revenue Code of 1986. (2)

Amendment of ERISA

The term ERISA means the Employee Retirement Income Security Act of 1974. (3)

2006 Act

The term 2006 Act means the Pension Protection Act of 2006.

<enum>I</enum><header>Technical corrections related to the Pension Protection Act of 2006</header> <section id="H8323C4AE587C4E3BBB9FBED028B6F200"><enum>101.</enum><header>Amendments related to Title I</header> <subsection id="H761E52F20258441DBA1320BB64B43165"><enum>(a)</enum><header>Amendments related to sections 101 and 111</header> <paragraph id="H678C08AF1CF6479CA9F692B1419F04AC"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H1FAE7033F35440CD920902E700B94255"><enum>(A)</enum><text>Clause (i) of section 302(c)(1)(A) of ERISA is amended by striking <quote>the plan is</quote> and inserting <quote>the plan are</quote>.</text> </subparagraph> <subparagraph id="HB1976FF9B222460BA384CD04D0DAC95C"><enum>(B)</enum><text>Section 302(c)(7) of ERISA is amended by inserting <quote>which reduces the accrued benefit of any participant</quote> after <quote>subsection (d)(2)</quote> in subparagraph (A).</text> </subparagraph> <subparagraph id="H21CCD0F9115348A8BA026200DCE922E"><enum>(C)</enum><text>Section 302(d)(1) of ERISA is amended by striking <quote>, the valuation date,</quote>.</text> </subparagraph></paragraph> <paragraph id="H614600945DA94A509C0735FDA6C10508"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H0A4CBEF6218448D895E8B86D1B01164C"><enum>(A)</enum><text>Clause (i) of section 412(c)(1)(A) of the 1986 Code is amended by striking <quote>the plan is</quote> and inserting <quote>the plan are</quote>.</text> </subparagraph> <subparagraph id="H43739B4DC7E04D6EA58DFF270295C82F"><enum>(B)</enum><text>Section 412(c)(7) of the 1986 Code is amended by inserting <quote>which reduces the accrued benefit of any participant</quote> after <quote>subsection (d)(2)</quote> in subparagraph (A).</text> </subparagraph> <subparagraph id="HE4792D06E0BD4F3CB3110627BAF12B7B"><enum>(C)</enum><text>Section 412(d)(1) of the 1986 Code is amended by striking <quote>, the valuation date,</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H338E1A208D1D4F22A0916B0202CEFB73"><enum>(b)</enum><header>Amendments related to sections 102 and 112</header> <paragraph id="HABF673ACAACC4265BA93A7CFA0B1372E"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H01400C06B4C64523A13BE8E5B3ECC128"><enum>(A)</enum><text>Section 303(b) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H4E54A33BA67F40D1AD8C201BF6C33EC" style="OLC"> <subsection id="HD26C502F02524855B0B8007C9C2B1B64"><enum>(b)</enum><header>Target normal cost</header><text>For purposes of this section:</text> <paragraph id="HD2FDF43D2E40448C843D002C7D00B918"><enum>(1)</enum><header>In general</header><text>Except as provided in subsection (i)(2) with respect to plans in at-risk status, the term <term>target normal cost</term> means, for any plan year, the excess of—</text> <subparagraph id="H17E19A37033D45A7BBD1A3B3C32C61FC"><enum>(A)</enum><text>the sum of—</text> <clause id="H6FF9FC9C81914037B9EBD83D1B5EE1F2"><enum>(i)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, plus</text> </clause> <clause id="HFCAD1232F6E14085BE3F7C472C09095C"><enum>(ii)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </clause></subparagraph> <subparagraph id="H03C4D5C35BDA47D89222375F08249E00"><enum>(B)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year.</text> </subparagraph></paragraph> <paragraph id="HE0509F7533E745FBA7A5FC9F3DD386"><enum>(2)</enum><header>Special rule for increase in compensation</header><text>For purposes of this subsection, if any benefit attributable to services performed in a preceding plan year is increased by reason of any increase in compensation during the current plan year, the increase in such benefit shall be treated as having accrued during the current plan year.</text> </paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H4F95222DE30E4DF5AE88DB162E8C2EAB"><enum>(B)</enum><text>Section 303(c)(5)(B)(iii) of ERISA is amended by inserting <quote>beginning</quote> before <quote>after 2008</quote>.</text> </subparagraph> <subparagraph id="H19E7767BBA3F4D3B0046D3E745B6B46C"><enum>(C)</enum><text>Section 303(c)(5)(B)(iv)(II) of ERISA is amended by inserting <quote>for such year </quote> after <quote>beginning in 2007)</quote>.</text> </subparagraph> <subparagraph id="H01CEA53CE9F043D2B53DF69764BB6FC5"><enum>(D)</enum><text>Section 303(f)(4)(A) of ERISA is amended by striking <quote>paragraph (2)</quote> and inserting <quote>paragraph (3)</quote>.</text> </subparagraph> <subparagraph id="HC088455D93DB4D30900432CF82525D61"><enum>(E)</enum><text>Section 303(h)(2)(F) of ERISA is amended—</text> <clause id="H2134DE9FA9334B5BA72D6C29DDD9F59D"><enum>(i)</enum><text>by striking <quote>section 205(g)(3)(B)(iii)(I)) for such month</quote> and inserting <quote>section 205(g)(3)(B)(iii)(I) for such month)</quote>, and</text> </clause> <clause id="HEE1A5B1E85F142DCB6CF68FE51A01107"><enum>(ii)</enum><text>by striking <quote>subparagraph (B)</quote> and inserting <quote>subparagraph (C)</quote>.</text> </clause></subparagraph> <subparagraph id="HBF3D1506055544EBA20276898F086392"><enum>(F)</enum><text>Section 303(i) of ERISA is amended—</text> <clause id="HF837FE3D7BAB4CBC909B6D4D877E5500"><enum>(i)</enum><text>in paragraph (2)—</text> <subclause id="H37025B930ECF4BF48916BE8200B14B40"><enum>(I)</enum><text>by striking subparagraph (A) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H921F99859FF945FFBEA21E17509357E7" style="OLC"> <subparagraph id="H85D168C97B38422DA7A037C9EFF75F24"><enum>(A)</enum><text>the excess of—</text> <clause id="HD826D07F328C4F84A418BCBD67103DA5"><enum>(i)</enum><text>the sum of—</text> <subclause id="H3DC13CD7BD304D84B3EF2FB3C22E7772"><enum>(I)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, determined using the additional actuarial assumptions described in paragraph (1)(B), plus</text> </subclause> <subclause id="HAE16CA1F5E874FF5A64DFAE83E5E968"><enum>(II)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </subclause></clause> <clause id="HC8219B6F0BD84B0399AE41B916E6FCAA"><enum>(ii)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year, plus</text> </clause></subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </subclause> <subclause id="H87D19A02ADDC4352BA23F40125F7F5B4"><enum>(II)</enum><text>in subparagraph (B), by striking <quote>the target normal cost (determined without regard to this paragraph) of the plan for the plan year</quote> and inserting <quote>the amount determined under subsection (b)(1)(A)(i) with respect to the plan for the plan year</quote>, and</text> </subclause></clause> <clause id="HE61A2395DCB54143A93827F3CEAA0058"><enum>(ii)</enum><text>by striking <quote>subparagraph (A)(ii)</quote> in the last sentence of paragraph (4)(B) and inserting <quote>subparagraph (A)</quote>.</text> </clause></subparagraph> <subparagraph id="H0B111B1479694D9393662CE3BDBCC300"><enum>(G)</enum><text>Section 303(j)(3) of ERISA—</text> <clause id="H0EE3ABCEC12C41AFB105CA7EE7065723"><enum>(i)</enum><text>is amended by adding at the end of subparagraph (A) the following new sentence:<quote>In the case of plan years beginning in 2008, the funding shortfall for the preceding plan year may be determined using such methods of estimation as the Secretary of the Treasury may provide.</quote>,</text> </clause> <clause id="H264C8D345EC64C5EB3899F6B6C6DDE7D"><enum>(ii)</enum><text>by adding at the end of subparagraph (E) the following new clause:</text> <quoted-block display-inline="no-display-inline" id="HE3D993E28FF64715916774FDF4194EE" style="OLC"> <clause id="H9682E40836F1473F95F3A31D3C716561"><enum>(iii)</enum><header>Plan with alternate valuation date</header><text>The Secretary of the Treasury shall prescribe regulations for the application of this paragraph in the case of a plan which has a valuation date other than the first day of the plan year.</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </clause> <clause id="HF2AC1376E76D4948A8F09FBE6E51C50"><enum>(iii)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">and short years</header-in-text></quote> in the heading of subparagraph (E) and inserting <quote><header-in-text level="subparagraph" style="OLC">, short years, and years with alternate valuation date</header-in-text></quote>.</text> </clause></subparagraph> <subparagraph id="H6B9C60B097AA429889D400F7B44D6300"><enum>(H)</enum><text>Section 303(k)(6)(B) of ERISA is amended by striking <quote>, except</quote> and all that follows and inserting a period.</text> </subparagraph></paragraph> <paragraph id="H8F9ABF43AA8A46E39680D96D4C3A62B"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="HD0DFEDF4B9914359B760FAA16BAC01F"><enum>(A)</enum><text>Section 430(b) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H3E5EAAA42C314AF4B29C31C59475C919" style="OLC"> <subsection id="H43AB456B9D8C4824B24F3576B4996716"><enum>(b)</enum><header>Target normal cost</header><text>For purposes of this section:</text> <paragraph id="HF0EACCA883434AE8A24CDC78FA65B6E4"><enum>(1)</enum><header>In general</header><text>Except as provided in subsection (i)(2) with respect to plans in at-risk status, the term <term>target normal cost</term> means, for any plan year, the excess of—</text> <subparagraph id="H3D0FDFDB8EC548B9BAA41EF3F4D572A5"><enum>(A)</enum><text>the sum of—</text> <clause id="H5E94A647B05F4CC79530BC28D0E03143"><enum>(i)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, plus</text> </clause> <clause id="H6D505FAA7605492FBA61F29156F333AE"><enum>(ii)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </clause></subparagraph> <subparagraph id="HBB477FA0DACA4495868D462B41F72D93"><enum>(B)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year.</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H23231C7E63E04E9BB2E6E825EF3FC5B7"><enum>(2)</enum><header display-inline="yes-display-inline">Special rule for increase in compensation</header><text display-inline="yes-display-inline">For purposes of this subsection, if any benefit attributable to services performed in a preceding plan year is increased by reason of any increase in compensation during the current plan year, the increase in such benefit shall be treated as having accrued during the current plan year.</text> </paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="HCBD55E2CCF014A3783A823B3611FF6E2"><enum>(B)</enum><text>Section 430(c)(5)(B)(iii) of the 1986 Code is amended by inserting <quote>beginning</quote> before <quote>after 2008</quote>.</text> </subparagraph> <subparagraph id="HEA01F4A92BC84C5A81FA0B1F1C9537B"><enum>(C)</enum><text>Section 430(c)(5)(B)(iv)(II) of the 1986 Code is amended by inserting <quote>for such year </quote> after <quote>beginning in 2007)</quote>.</text> </subparagraph> <subparagraph id="H8926C7F87BA84930ABEC5830F1650200"><enum>(D)</enum><text>Section 430(f) of the 1986 Code is amended—</text> <clause id="H552481CB99A74CD4A3DBA6FFFA069E69"><enum>(i)</enum><text>by striking <quote>as of the first day of the plan year</quote> the second place it appears in the first sentence of paragraph (3)(A),</text> </clause> <clause id="HE6477B9A36FE4A93BF098D69F352FF08"><enum>(ii)</enum><text>by striking <quote>paragraph (2)</quote> in paragraph (4)(A) and inserting <quote>paragraph (3)</quote>,</text> </clause> <clause id="H6D58DC4E20D14B2CAD5BEA3B00C3FF80"><enum>(iii)</enum><text>by striking <quote>paragraph (1), (2), or (4) of section 206(g)</quote> in paragraph (6)(B)(iii) and inserting <quote>subsection (b), (c), or (e) of section 436</quote>,</text> </clause> <clause id="H46CAD59D0E044664BCE12906BE26D667"><enum>(iv)</enum><text>by striking <quote>the sum of</quote> in paragraph (6)(C), and</text> </clause> <clause id="HF90695F7CB48454DA839DD4B86B50336"><enum>(v)</enum><text>by striking <quote>of the Treasury</quote> in paragraph (8).</text> </clause></subparagraph> <subparagraph id="H9D532EF9732A4467A9C5D4CA117F22D5"><enum>(E)</enum><text>Section 430(h)(2) of the 1986 Code is amended—</text> <clause id="H0B3374C7069C4F85886D0033709F9F88"><enum>(i)</enum><text>by inserting <quote>and target normal cost</quote> after <quote>funding target</quote> in subparagraph (B),</text> </clause> <clause id="HF7B11996EEEF423AB96DB5850011D1FD"><enum>(ii)</enum><text>by striking <quote>liabilities</quote> and inserting <quote>benefits</quote> in subparagraph (B),</text> </clause> <clause id="H00DA2BAF30B647FF96809C347E296244"><enum>(iii)</enum><text>by striking <quote>section 417(e)(3)(D)(i)) for such month</quote> in subparagraph (F) and inserting <quote>section 417(e)(3)(D)(i) for such month)</quote>, and</text> </clause> <clause id="HABD83976BFF84BD7BFA210DC9F84E5A2"><enum>(iv)</enum><text>by striking <quote>subparagraph (B)</quote> in subparagraph (F) and inserting <quote>subparagraph (C)</quote>.</text> </clause></subparagraph> <subparagraph id="HE8646CF368AB4447915FDE6E4134EBBD"><enum>(F)</enum><text>Section 430(i) of the 1986 Code is amended—</text> <clause id="HBDA171AAB2A545A5806CDD50B9ECFC9"><enum>(i)</enum><text>in paragraph (2)—</text> <subclause id="H41CC5669951242F4A4744CA1449DCD52"><enum>(I)</enum><text>by striking subparagraph (A) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H0F4CA857645842D69B9DF7FE05E06DD2" style="OLC"> <subparagraph id="H71C46F8DBC6446ECA626BDE8787E5044"><enum>(A)</enum><text>the excess of—</text> <clause id="HA08CAB88B05B41ECAD97755E38BA6205"><enum>(i)</enum><text>the sum of—</text> <subclause id="H9730507ACD464A8C85E100CA5100109D"><enum>(I)</enum><text>the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, determined using the additional actuarial assumptions described in paragraph (1)(B), plus</text> </subclause> <subclause id="H2326D5B81584491A816836477415A2ED"><enum>(II)</enum><text>the amount of plan-related expenses expected to be paid from plan assets during the plan year, over</text> </subclause></clause> <clause id="H1FB907EA95364D78A645A1E299A5CE5"><enum>(ii)</enum><text>the amount of mandatory employee contributions expected to be made during the plan year, plus</text> </clause></subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </subclause> <subclause id="HA9D7EC413A8F47E7971DD5D3046DD9F3"><enum>(II)</enum><text>in subparagraph (B), by striking <quote>the target normal cost (determined without regard to this paragraph) of the plan for the plan year</quote> and inserting <quote>the amount determined under subsection (b)(1)(A)(i) with respect to the plan for the plan year</quote>, and</text> </subclause></clause> <clause commented="no" display-inline="no-display-inline" id="H928A0E1EE4EC49B79C2675DD2480C59D"><enum>(ii)</enum><text>by striking <quote>subparagraph (A)(ii)</quote> in the last sentence of paragraph (4)(B) and inserting <quote>subparagraph (A)</quote>.</text> </clause></subparagraph> <subparagraph id="H34DA152A551E4F2EB7DEFFE0619DCD00"><enum>(G)</enum><text>Section 430(j)(3) of the 1986 Code is amended—</text> <clause id="H028803AE01594F78A7B718638C9D5ED2"><enum>(i)</enum><text>by adding at the end of subparagraph (A) the following new sentence: <quote>In the case of plan years beginning in 2008, the funding shortfall for the preceding plan year may be determined using such methods of estimation as the Secretary may provide.</quote>,</text> </clause> <clause id="H3471FF8DDE1147F3969492ACA5CDCA34"><enum>(ii)</enum><text>by striking <quote>section 302(c)</quote> in subparagraph (D)(ii)(II) and inserting <quote>section 412(c)</quote>,</text> </clause> <clause id="HA281DEC1980E4CC19C24A6DDF03E9E47"><enum>(iii)</enum><text>by adding at the end of subparagraph (E) the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H8A0141D3020541EAB89D87D72BCDA068" style="OLC"> <clause id="H585D859C62F04FF2B7FE6136F4928BE3"><enum>(iii)</enum><header>Plan with alternate valuation date</header><text>The Secretary shall prescribe regulations for the application of this paragraph in the case of a plan which has a valuation date other than the first day of the plan year.</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </clause> <clause id="H49EA4D10EA2C499D8F47F45542CD4594"><enum>(iv)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">and short years</header-in-text></quote> in the heading of subparagraph (E) and inserting <quote><header-in-text level="subparagraph" style="OLC">, short years, and years with alternate valuation date</header-in-text></quote>.</text> </clause></subparagraph> <subparagraph id="H5A3256B9DF134754BB7D21D1C26BD21F"><enum>(H)</enum><text>Section 430(k) of the 1986 Code is amended—</text> <clause id="H4118DD4D696B4F66B509BC27F20900B2"><enum>(i)</enum><text>by inserting <quote>(as provided under paragraph (2))</quote> after <quote>applies</quote> in paragraph (1), and</text> </clause> <clause id="HA6F994D77E244DC4B844E97C6076DA64"><enum>(ii)</enum><text>by striking <quote>, except</quote> and all that follows in paragraph (6)(B) and inserting a period.</text> </clause></subparagraph></paragraph></subsection> <subsection id="H615EB78D66334456A85FDDDA98B4532"><enum>(c)</enum><header>Amendments related to sections 103 and 113</header> <paragraph id="H5B5254B40C4A4A6DBD00021EE0F61106"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H8BF53A7FD71F4D2E88BF62C0459851BC"><enum>(A)</enum><text>Section 101(j) of ERISA is amended—</text> <clause id="HB8CA213EB7384A6D87D74392B3E44D9D"><enum>(i)</enum><text>in paragraph (2), by striking <quote>section 206(g)(4)(B)</quote> and inserting <quote>section 206(g)(4)(A)</quote>; and</text> </clause> <clause id="H17DD90DB3AB642AB0071D461E5242736"><enum>(ii)</enum><text>by adding at the end the following: <quote>The Secretary of the Treasury, in consultation with the Secretary, shall have the authority to prescribe rules applicable to the notices required under this subsection.</quote>.</text> </clause></subparagraph> <subparagraph id="H019002E9539246C7984CD0108DFA98DB"><enum>(B)</enum><text>Section 206(g)(1)(B)(ii) of ERISA is amended by striking <quote>a funding</quote> and inserting <quote>an adjusted funding</quote>.</text> </subparagraph> <subparagraph id="HC82E2BE9147C4257BFFD82B68488F604"><enum>(C)</enum><text>The heading for section 206(g)(1)(C) of ERISA is amended by inserting <quote><header-in-text level="subparagraph" style="OLC">benefit</header-in-text></quote> after <quote><header-in-text level="subparagraph" style="OLC">event</header-in-text></quote>.</text> </subparagraph> <subparagraph id="H6A623AA299674167B39EE54F86B6FF30"><enum>(D)</enum><text>Section 206(g)(3)(E) of ERISA is amended by adding at the end the following new flush sentence:</text> <quoted-block display-inline="no-display-inline" id="H7BA728FA1BC947E292DBD492C6B2E4A5" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="subparagraph">Such term shall not include the payment of a benefit which under section 203(e) may be immediately distributed without the consent of the participant.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H9EE755DCB93A4D7CB7CD8939008E1DB3"><enum>(E)</enum><text>Section 206(g)(5)(A)(iv) of ERISA is amended by inserting <quote>adjusted</quote> before <quote>funding</quote>.</text> </subparagraph> <subparagraph id="HCDCAC49C4DB442BF9D15FEDAE100CC6"><enum>(F)</enum><text>Section 206(g)(9)(C) of ERISA is amended—</text> <clause id="H5600E27F256E4622B1FB3972402FC14C"><enum>(i)</enum><text>by striking <quote>without regard to this subparagraph and</quote> in clause (i), and</text> </clause> <clause id="H2A6C535EE8704EACAC6C237BAE767CD8"><enum>(ii)</enum><text>in clause (iii)—</text> <subclause id="H5325CBDB3AE9407798E4BAAE5300CE94"><enum>(I)</enum><text>by striking <quote>without regard to this subparagraph</quote> and inserting <quote>without regard to the reduction in the value of assets under section 303(f)(4)</quote>, and</text> </subclause> <subclause id="H31F806D72A034A05A10224EE68FBE72E"><enum>(II)</enum><text>by inserting <quote>beginning</quote> before <quote>after</quote> each place it appears.</text> </subclause></clause></subparagraph> <subparagraph id="H1721B2C01FF64138BF628DA480006996"><enum>(G)</enum><text>Section 206(g) of ERISA is amended by redesignating paragraph (10) as paragraph (11) and by inserting after paragraph (9) the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="H3164969B0B71406D833DC1B297352700" style="OLC"> <paragraph id="H7CFAC2921CDD47E6AF5C925C1F5BE3EE"><enum>(10)</enum><header>Secretarial authority for plans with alternate valuation date</header><text>In the case of a plan which has designated a valuation date other than the first day of the plan year, the Secretary of the Treasury may prescribe rules for the application of this subsection which are necessary to reflect the alternate valuation date.</text> </paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H0F7E25F2BF364DD096BDA72CBE9E44FC"><enum>(H)</enum><text>Section 502(c)(4) of ERISA is amended by striking <quote>by any person</quote> and all that follows through the period and inserting <quote>by any person of subsection (j), (k), or (l) of section 101 or section 514(e)(3).</quote>.</text> </subparagraph></paragraph> <paragraph id="H64EF3860402344F70029F1816D00CE33"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H1B33C5358E7B4B8300EDFB6518FF14EF"><enum>(A)</enum><text>Section 436(b)(2) of the 1986 Code is amended—</text> <clause id="H12C77EE10C8348EC99C2E89BA5DDD0FF"><enum>(i)</enum><text>by striking <quote>section 303</quote> and inserting <quote>section 430</quote> in the matter preceding subparagraph (A), and</text> </clause> <clause id="HAE413BD4FD70405584EAB8E8DEC55400"><enum>(ii)</enum><text>by striking <quote>a funding</quote> and inserting <quote>an adjusted funding</quote> in subparagraph (B).</text> </clause></subparagraph> <subparagraph id="H40C2BC1E7019462992449405920000EF"><enum>(B)</enum><text>Section 436(b)(3) of the 1986 Code is amended—</text> <clause id="HBB8C441B841143080028B4E6B042241E"><enum>(i)</enum><text>by inserting <quote><header-in-text level="paragraph" style="OLC">benefit</header-in-text></quote> after <quote><header-in-text level="paragraph" style="OLC">event</header-in-text></quote> in the heading, and</text> </clause> <clause id="H2981B81E849C455CB45D7BC9B829CEDB"><enum>(ii)</enum><text>by striking <quote>any event</quote> in subparagraph (B) and inserting <quote>an event</quote>.</text> </clause></subparagraph> <subparagraph id="H0C63070FBBA74D1F8BCAFE44F8CBDDF6"><enum>(C)</enum><text>Section 436(d)(5) of the 1986 Code is amended by adding at the end the following new flush sentence:</text> <quoted-block display-inline="no-display-inline" id="HFF405E8A50124E9BADA74DD5DF5620C7" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">Such term shall not include the payment of a benefit which under section 411(a)(11) may be immediately distributed without the consent of the participant.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H3E933DA2E2F44080B2549B22709C82CD"><enum>(D)</enum><text>Section 436(f) of the 1986 Code is amended—</text> <clause id="HD443134E209841C0B5CCF596340005B2"><enum>(i)</enum><text>by inserting <quote>adjusted</quote> before <quote>funding</quote> in paragraph (1)(D), and</text> </clause> <clause id="H835B6B090421478981EFC2A3FD03CAE3"><enum>(ii)</enum><text>by striking <quote>prefunding balance under section 430(f) or funding standard carryover balance</quote> in paragraph (2) and inserting <quote>prefunding balance or funding standard carryover balance under section 430(f)</quote>.</text> </clause></subparagraph> <subparagraph id="H33299C1B68AB4773929CCD0725C727CE"><enum>(E)</enum><text>Section 436(j)(3) of the 1986 Code is amended—</text> <clause id="H4E581E8902B9454D852F5C1FF6D33DF1"><enum>(i)</enum><text>in subparagraph (A)—</text> <subclause id="H5DF1429139D8479FACFC90203312A657"><enum>(I)</enum><text>by striking <quote>without regard to this paragraph and</quote>,</text> </subclause> <subclause id="H1B90D4F51AE040BFA4362F9B6BB263DE"><enum>(II)</enum><text>by striking <quote>section 430(f)(4)(A)</quote> and inserting <quote>section 430(f)(4)</quote>, and</text> </subclause> <subclause id="H47A29997A56F49C4BA7930EFB0606117"><enum>(III)</enum><text>by striking <quote>paragraph (1)</quote> and inserting <quote>paragraphs (1) and (2)</quote>, and</text> </subclause></clause> <clause id="H5C8019B0A50E4FAC9D6BB15639830439"><enum>(ii)</enum><text>in subparagraph (C)—</text> <subclause id="HDD048F601796418D805FA9AA491EC493"><enum>(I)</enum><text>by striking <quote>without regard to this paragraph</quote> and inserting <quote>without regard to the reduction in the value of assets under section 430(f)(4)</quote>, and</text> </subclause> <subclause id="H4D68E50DC8494664B7B9FCA458005C7D"><enum>(II)</enum><text>by inserting <quote>beginning</quote> before <quote>after</quote> each place it appears.</text> </subclause></clause></subparagraph> <subparagraph id="H5F3C6AD853CA43F7A8A0C6E786CB396E"><enum>(F)</enum><text>Section 436 of the 1986 Code is amended by redesignating subsection (k) as subsection (m) and by inserting after subsection (j) the following new subsections:</text> <quoted-block display-inline="no-display-inline" id="H37B789622B7540C2B95C2C89EDACD7B" style="OLC"> <subsection id="H685190F53F3F473585C39309FB4361D6"><enum>(k)</enum><header>Secretarial authority for plans with alternate valuation date</header><text>In the case of a plan which has designated a valuation date other than the first day of the plan year, the Secretary may prescribe rules for the application of this section which are necessary to reflect the alternate valuation date.</text> </subsection> <subsection id="H759B0FEE7DB04DFB9F66C5E1A1C6792"><enum>(l)</enum><header>Single-employer plan</header><text>For purposes of this section, the term <term>single-employer plan</term> means a plan which is not a multiemployer plan.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph></paragraph> <paragraph id="HADDC26558196423B8094BDC9F23FB35"><enum>(3)</enum><header>Amendments to 2006 Act</header><text>Sections 103(c)(2)(A)(ii) and 113(b)(2)(A)(ii) of the 2006 Act are each amended—</text> <subparagraph id="HF70BD1FC80684318BA82028B4CCBE992"><enum>(A)</enum><text>by striking <quote>subsection</quote> and inserting <quote>section</quote>, and</text> </subparagraph> <subparagraph id="H28BCDD0125A54CA0B2AC49EFF26E2E4"><enum>(B)</enum><text>by striking <quote>subparagraph</quote> and inserting <quote>paragraph</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H05092249AE714222B51312E2195B59D"><enum>(d)</enum><header>Amendments related to sections 107 and 114</header> <paragraph id="HED7F9593FCF7438894FB435DAECD4EA1"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H544793DDD032481CA87709ABAA4F7100"><enum>(A)</enum><text>Section 103(d) of ERISA is amended—</text> <clause id="H946511AEA75A4C9586966BB677332D44"><enum>(i)</enum><text>in paragraph (3), by striking <quote>the normal costs, the accrued liabilities</quote> and inserting <quote>the normal costs or target normal costs, the accrued liabilities or funding target</quote>, and</text> </clause> <clause id="HB438BB8A74374F2FAC282300995644E2"><enum>(ii)</enum><text>by striking paragraph (7) and inserting the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="H0CCE166421FA4F75B450E6027FB01BEC" style="OLC"> <paragraph id="H7A2AAE034F58489DBD7FA85849DAA8CD"><enum>(7)</enum><text>A certification of the contribution necessary to reduce the minimum required contribution determined under section 303, or the accumulated funding deficiency determined under section 304, to zero.</text> </paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph id="H984939C5CAAF4C29AFE6D058AF41706B"><enum>(B)</enum><text>Section 4071 of ERISA is amended by striking <quote>as section 303(k)(4) or 307(e)</quote> and inserting <quote>or section 303(k)(4),</quote>.</text> </subparagraph></paragraph> <paragraph id="H57EAACBE9ECB4749B8CAC832E0D34C06"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H3890D767DFFA4FC7B88D0200D5FDC8AA"><enum>(A)</enum><text>Section 401(a)(29) of the 1986 Code is amended by striking <quote><header-in-text level="paragraph" style="OLC">on plans in at-risk status</header-in-text></quote> in the heading.</text> </subparagraph> <subparagraph id="H6F4272E0BD814358AEA93E2BC234B736"><enum>(B)</enum><text>Section 401(a)(32)(C) of the 1986 Code is amended—</text> <clause id="HFDB20105DEA0400EA7B136F13D00E581"><enum>(i)</enum><text>by striking <quote>section 430(j)</quote> and inserting <quote>section 430(j)(3)</quote>, and</text> </clause> <clause id="HC7D658D38ACC49B2B8B19203E0536F77"><enum>(ii)</enum><text>by striking <quote>paragraph (5)(A)</quote> and inserting <quote>section 430(j)(4)(A)</quote>.</text> </clause></subparagraph> <subparagraph id="H565D605F7D5C482AA4C9C0FCCF118C3D"><enum>(C)</enum><text>Section 401(a)(33) of the 1986 Code is amended—</text> <clause id="HFCCEC9411A8D404FB5867721A1CB9519"><enum>(i)</enum><text>by striking <quote>section 412(c)(2)</quote> in subparagraph (B)(iii) and inserting <quote>section 412(d)(2)</quote>, and</text> </clause> <clause id="H700327A64D9F4802B1DCFF8496EDDE8E"><enum>(ii)</enum><text>by striking <quote>section 412(b)(2) (without regard to subparagraph (B) thereof)</quote> in subparagraph (D) and inserting <quote>section 412(b)(1), without regard to section 412(b)(2)</quote>.</text> </clause></subparagraph> <subparagraph id="HB0A39296F74644C9BEFA6E870069C682"><enum>(D)</enum><text>Section 411 of the 1986 Code is amended—</text> <clause id="HF55941458FE846F8A811A770E0298E38"><enum>(i)</enum><text>by striking <quote>section 412(c)(2)</quote> in subsection (a)(3)(C) and inserting <quote>section 412(d)(2)</quote>, and</text> </clause> <clause id="H9416527A714E4C2DB8750734E6F95411"><enum>(ii)</enum><text>by striking <quote>section 412(e)(2)</quote> in subsection (d)(6)(A) and inserting <quote>section 412(d)(2)</quote>.</text> </clause></subparagraph> <subparagraph id="H9436D57FBFC34ACEB3EC6E2F785B00A0"><enum>(E)</enum><text>Section 414(l)(2)(B)(i)(I) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H377BB1D6C2564CD5A2C6EAB8DEED9240" style="OLC"> <subclause id="H74FD0F517F40451E9EEAA97FAACCF58B"><enum>(I)</enum><text>the sum of the funding target and target normal cost determined under section 430, over</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H6000B7496F9747EA92C23924461FB090"><enum>(F)</enum><text>Section 4971 of the 1986 Code is amended—</text> <clause id="HAA75A942865D4614850016D8AE59190"><enum>(i)</enum><text>by striking <quote>required minimum</quote> in subsection (b)(1) and inserting <quote>minimum required</quote>,</text> </clause> <clause id="H090978EC25184EE28FF58905F7FBFE69"><enum>(ii)</enum><text>by inserting <quote>or unpaid minimum required contribution, whichever is applicable</quote> after <quote>accumulated funding deficiency</quote> each place it appears in subsections (c)(3) and (d)(1), and</text> </clause> <clause id="HFCCD294A0B294F0A9BCADFA7C5F3153"><enum>(iii)</enum><text>by striking <quote>section 412(a)(1)(A)</quote> in subsection (e)(1) and inserting <quote>section 412(a)(2)</quote>.</text> </clause></subparagraph></paragraph> <paragraph commented="no" id="H8CE6759DB4AA4EA900A8335005D22740"><enum>(3)</enum><header>Amendment to 2006 Act</header><text>Section 114 of the 2006 Act is amended by adding at the end the following new subsection:</text> <quoted-block display-inline="no-display-inline" id="H03F189A5BA8F438194B99EB7774F8FC5" style="OLC"> <subsection commented="no" id="H53A945FB46364AA5AAB16A3D992C9A7"><enum>(g)</enum><header>Effective dates</header> <paragraph commented="no" id="H7443BC0374B247B5A2CF4B509AFBA5D"><enum>(1)</enum><header>In general</header><text>The amendments made by this section shall apply to plan years beginning after 2007.</text> </paragraph> <paragraph commented="no" id="H888EB354B34B44A482A1E77D081BB676"><enum>(2)</enum><header>Excise tax</header><text>The amendments made by subsection (e) shall apply to taxable years beginning after 2007, but only with respect to plan years described in paragraph (1) which end with or within any such taxable year.</text> </paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection commented="no" id="HB6D6DD13AAA5452196E555112CF836DF"><enum>(e)</enum><header>Amendment related to section 116</header><text>Section 409A(b)(3)(A)(ii) of the 1986 Code is amended by inserting <quote>to an applicable covered employee</quote> after <quote>under the plan</quote>.</text> </subsection></section> <section commented="no" id="HED526DCC92C2491B962CFEB62877EFBC"><enum>102.</enum><header>Amendments related to title II</header> <subsection commented="no" id="H2DBDD4DCE992461183FCD2F540CD7FB5"><enum>(a)</enum><header>Amendment related to sections 201 and 211</header><text>Section 201(b)(2)(A) of the 2006 Act is amended by striking <quote>has not used</quote> and inserting <quote>has not adopted, or ceased using,</quote>.</text> </subsection> <subsection commented="no" id="H8EFD8C89A9064D29B4B002FE8B767376"><enum>(b)</enum><header>Amendments related to sections 202 and 212</header> <paragraph commented="no" id="HF81A0FEFAACB4217B9A9DC74D3591D12"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph commented="no" id="H0EF2557A26064ADEB0C5FA6BC087A5D3"><enum>(A)</enum><text>Section 302(b)(3) of ERISA is amended by striking <quote>the plan adopts</quote> and inserting <quote>the plan sponsor adopts</quote>.</text> </subparagraph> <subparagraph commented="no" id="H57B6696EE9BF453EAC1C313B27104CC2"><enum>(B)</enum><text>Section 305(b)(3)(C) of ERISA is amended by striking <quote>section 101(b)(4)</quote> and inserting <quote>section 101(b)(1)</quote>.</text> </subparagraph> <subparagraph commented="no" id="H926C1AE404A840CD9FF44242F19B0074"><enum>(C)</enum><text>Section 305(b)(3)(D) of ERISA is amended by striking <quote>The Secretary</quote> in clause (iii) and inserting <quote>The Secretary of the Treasury, in consultation with the Secretary</quote>.</text> </subparagraph> <subparagraph commented="no" id="HD8EF48816F3646D783D720866B22F120"><enum>(D)</enum><text>Section 305(c)(7) of ERISA is amended—</text> <clause commented="no" id="HBB86EE472B704B9BB01301C1C5614B8E"><enum>(i)</enum><text>by striking <quote>to agree on</quote> and all that follows in subparagraph (A)(ii) and inserting <quote>to adopt a contribution schedule with terms consistent with the funding improvement plan and a schedule from the plan sponsor,</quote>, and</text> </clause> <clause commented="no" id="H0BD7EF293F8D43E9001617B639BE52E1"><enum>(ii)</enum><text>by striking subparagraph (B) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="H3D48BEAC064C442CB56D04D1C6E2B987" style="OLC"> <subparagraph commented="no" id="H2A78ED7BC8B04892B906BB4FC8CD3A7"><enum>(B)</enum><header>Date of implementation</header><text>The date specified in this subparagraph is the date which is 180 days after the date on which the collective bargaining agreement described in subparagraph (A) expires.</text> </subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </clause> <clause commented="no" id="HCE70035013834670AAC4C4A0BF109E00"><enum>(iii)</enum><text>by adding at the end the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="HCFEF0E23198F4B17AA0030B96640E2B1" style="OLC"> <subparagraph commented="no" id="H5C026AA2E1614576A6DAB75A3722DF8"><enum>(C)</enum><header>Failure to make scheduled contributions</header><text>Any failure to make a contribution under a schedule of contribution rates provided under this paragraph shall be treated as a delinquent contribution under section 515 and shall be enforceable as such.</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph commented="no" id="H3C8C699AF26B4634B16CE9D407ADC2FD"><enum>(E)</enum><text>Section 305(e) of ERISA is amended—</text> <clause commented="no" id="H2476BB3AD44743C18B05281F78750016"><enum>(i)</enum><text>in paragraph (3)(C)—</text> <subclause commented="no" id="H7DC67CB8732E4860A2D3553CF655D8D"><enum>(I)</enum><text>by striking all that follows <quote>to adopt a</quote> in clause (i)(II) and inserting <quote>to adopt a contribution schedule with terms consistent with the rehabilitation plan and a schedule from the plan sponsor under paragraph (1)(B)(i),</quote>,</text> </subclause> <subclause commented="no" id="HCA74317894FA49E0848E6BF4E5A6A631"><enum>(II)</enum><text>by striking clause (ii) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="HDEF63EEA56A34836854C12EFEE21209" style="OLC"> <clause id="H86749B388F3946368F7BF4B7709E763B"><enum>(ii)</enum><header>Date of implementation</header><text>The date specified in this clause is the date which is 180 days after the date on which the collective bargaining agreement described in clause (i) expires.</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </subclause> <subclause commented="no" id="H1BC689EAC83B4F738FC07000FEFA6CE5"><enum>(III)</enum><text>by adding at the end the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H9B454FDC96F1460E9CFFB6A7F50015B7" style="OLC"> <clause commented="no" id="H18A7C71FAAAB45079107A4A6152C63DD"><enum>(iii)</enum><header>Failure to make scheduled contributions</header><text>Any failure to make a contribution under a schedule of contribution rates provided under this subsection shall be treated as a delinquent contribution under section 515 and shall be enforceable as such.</text> </clause><after-quoted-block>,</after-quoted-block></quoted-block> </subclause></clause> <clause commented="no" id="H9A2FCD9516E44579AF721FA2665655B1"><enum>(ii)</enum><text>in paragraph (4)—</text> <subclause commented="no" id="HCCEC291F270141BE97678361F47D5E36"><enum>(I)</enum><text>by striking <quote>the date of</quote> in subparagraph (A)(ii), and</text> </subclause> <subclause commented="no" id="H35D5B4DD62E343A48CD220AE5AC01C7"><enum>(II)</enum><text>by striking <quote>and taking</quote> in subparagraph (B) and inserting <quote>but taking</quote>,</text> </subclause></clause> <clause commented="no" id="H7A4659A8A0CE4CC8AD520528F78F3FF6"><enum>(iii)</enum><text>in paragraph (6)—</text> <subclause commented="no" id="HC8490BE8B92B477D86264C3085F2E8D6"><enum>(I)</enum><text>by striking <quote>paragraph (1)(B)(i)</quote> and inserting <quote>the last sentence of paragraph (1)</quote>, and</text> </subclause> <subclause commented="no" id="H3A9337600B9844B0934D41D3E9DB468"><enum>(II)</enum><text>by striking <quote>established</quote> and inserting <quote>establish</quote>,</text> </subclause></clause> <clause commented="no" id="H0FF5A90B8D224E2D94E81555BB9AD8B"><enum>(iv)</enum><text>in paragraph (8)(C)(iii)—</text> <subclause commented="no" id="H45DAB96ACE0F44B4917BA109A2137F04"><enum>(I)</enum><text>by striking <quote>the Secretary</quote> in subclause (I) and inserting <quote>the Secretary of the Treasury, in consultation with the Secretary</quote>, and</text> </subclause> <subclause commented="no" id="HFD278ABB2F1C464B8C9DE4A761EF5881"><enum>(II)</enum><text>by striking <quote>Secretary</quote> in the last sentence and inserting <quote>Secretary of the Treasury</quote>, and</text> </subclause></clause> <clause commented="no" id="H06F7ED6745B344CAA354196384DBD123"><enum>(v)</enum><text>by striking <quote>an employer's withdrawal liability</quote> in paragraph (9)(B) and inserting <quote>the allocation of unfunded vested benefits to an employer</quote>.</text> </clause></subparagraph> <subparagraph commented="no" id="H81E5CAC170054FF789D16EE806588D81"><enum>(F)</enum><text>Section 305(f)(2)(A)(i) of ERISA is amended by adding at the end the following: <quote>to a participant or beneficiary whose annuity starting date (as defined in section 205(h)(2)) occurs after the date such notice is sent,</quote>.</text> </subparagraph> <subparagraph commented="no" id="HCE0157A10E78404DA1AAA24269B500EC"><enum>(G)</enum><text>Section 305(g) of ERISA is amended by inserting <quote>under subsection (c)</quote> after <quote>funding improvement plan</quote> the first place it appears.</text> </subparagraph> <subparagraph commented="no" id="HE3150A3DDEFF4276B1002D8EA874357F"><enum>(H)</enum><text>Section 502(c)(2) of ERISA is amended by striking <quote>101(b)(4)</quote> and inserting <quote>101(b)(1)</quote>.</text> </subparagraph> <subparagraph commented="no" id="HCCB6D910FE594A23AF86CBC900BE2400"><enum>(I)</enum><text>Section 502(c)(8)(A) of ERISA is amended by inserting <quote>plan</quote> after <quote>multiemployer</quote>.</text> </subparagraph></paragraph> <paragraph commented="no" id="HA262B2D6B14746B989757E1DE22DF56B"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph commented="no" id="HF73A31599A1F4FB4AE3B2B603F58C69E"><enum>(A)</enum><text>Section 432(b)(3)(C) of the 1986 Code is amended by striking <quote>section 101(b)(4)</quote> and inserting <quote>section 101(b)(1)</quote>.</text> </subparagraph> <subparagraph commented="no" id="H99967A22E3654A0DA042E941527C5700"><enum>(B)</enum><text>Section 432(b)(3)(D)(iii) of the 1986 Code is amended by striking <quote>The Secretary of Labor</quote> and inserting <quote>The Secretary, in consultation with the Secretary of Labor</quote>.</text> </subparagraph> <subparagraph commented="no" id="H03C4E5F9CCEA490C92C283DB2D1CA3EE"><enum>(C)</enum><text>Section 432(c) of the 1986 Code is amended—</text> <clause commented="no" id="HF72C991D36EF4502B94638E7D0F2003D"><enum>(i)</enum><text>in paragraph (3), by striking <quote>section 304(d)</quote> in subparagraph (A)(ii) and inserting <quote>section 431(d)</quote>, and</text> </clause> <clause commented="no" id="HF607AA7EB6294F1D8DAFCA2F619E4552"><enum>(ii)</enum><text>in paragraph (7)—</text> <subclause commented="no" id="HAF333F6D48594F3BACDEAC2620431FC4"><enum>(I)</enum><text>by striking <quote>to agree on</quote> and all that follows in subparagraph (A)(ii) and inserting <quote>to adopt a contribution schedule with terms consistent with the funding improvement plan and a schedule from the plan sponsor,</quote>, and</text> </subclause> <subclause commented="no" id="HC9036583CAF04CE8B59B86E9C74FAF33"><enum>(II)</enum><text>by striking subparagraph (B) and inserting the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="HECB8A6E582944C57ADB0CB50681036BA" style="OLC"> <subparagraph commented="no" id="HA7BD30A186704E3DA67C76088700AF06"><enum>(B)</enum><header>Date of implementation</header><text>The date specified in this subparagraph is the date which is 180 days after the date on which the collective bargaining agreement described in subparagraph (A) expires.</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subclause></clause></subparagraph> <subparagraph commented="no" id="HBFE16C97083D4119894F987637788E4F"><enum>(D)</enum><text>Section 432(e) of the 1986 Code is amended—</text> <clause commented="no" id="H56B5D3898DCA4388BE93766F7C3C163C"><enum>(i)</enum><text>in paragraph (3)(C)—</text> <subclause commented="no" id="H5CD12EF3C50044B49FEF4B14C8F7D8D0"><enum>(I)</enum><text>by striking all that follows <quote>to adopt a</quote> in clause (i)(II) and inserting <quote>to adopt a contribution schedule with terms consistent with the rehabilitation plan and a schedule from the plan sponsor under paragraph (1)(B)(i),</quote>, and</text> </subclause> <subclause commented="no" id="HB6D87991B28D474CB4BDF21600936D47"><enum>(II)</enum><text>by striking clause (ii) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="HC08BD8217AFD440BA873096F99CA8F84" style="OLC"> <clause commented="no" id="HFA50436AF9E84331B1CF4337611E803"><enum>(ii)</enum><header>Date of implementation</header><text>The date specified in this clause is the date which is 180 days after the date on which the collective bargaining agreement described in clause (i) expires.</text> </clause><after-quoted-block>,</after-quoted-block></quoted-block> </subclause></clause> <clause commented="no" id="H47AC71C3D0CA4685989147F7DA36F99"><enum>(ii)</enum><text>in paragraph (4)—</text> <subclause commented="no" id="HA71DD2A06010453E8D26AC6B74E5B54D"><enum>(I)</enum><text>by striking <quote>the date of</quote> in subparagraph (A)(ii), and</text> </subclause> <subclause commented="no" id="HF470CCD711CD48A49F2F569CC5469B7B"><enum>(II)</enum><text>by striking <quote>and taking</quote> in subparagraph (B) and inserting <quote>but taking</quote>,</text> </subclause></clause> <clause commented="no" id="H550E2CB8A1404C1D870291F7F6826FC"><enum>(iii)</enum><text>in paragraph (6)—</text> <subclause commented="no" id="H2A3BEA74622B4104A400B7C192B10404"><enum>(I)</enum><text>by striking <quote>paragraph (1)(B)(i)</quote> and inserting <quote>the last sentence of paragraph (1)</quote>, and</text> </subclause> <subclause commented="no" id="H2F08812E78464283B9D52035F335F4E5"><enum>(II)</enum><text>by striking <quote>established</quote> and inserting <quote>establish</quote>,</text> </subclause></clause> <clause commented="no" id="H45D80334967341719BF7E9CEE45BF22"><enum>(iv)</enum><text>in paragraph (8)—</text> <subclause commented="no" id="H6DE2F188CAAE4F0194B680757AF2363"><enum>(I)</enum><text>by striking <quote>section 204(g)</quote> in subparagraph (A)(i) and inserting <quote>section 411(d)(6)</quote>,</text> </subclause> <subclause commented="no" id="H670BF34A748A47EEA2A235A2936B378E"><enum>(II)</enum><text>by inserting <quote>of the Employee Retirement Income Security Act of 1974</quote> after <quote>4212(a)</quote> in subparagraph (C)(i)(II),</text> </subclause> <subclause commented="no" id="HB14B112F277F4A508847FA4CFC84F236"><enum>(III)</enum><text>by striking <quote>the Secretary of Labor</quote> in subparagraph (C)(iii)(I) and inserting <quote>the Secretary, in consultation with the Secretary of Labor</quote>, and</text> </subclause> <subclause commented="no" id="H8DD19602606E48A0BB4395F0F31D2730"><enum>(IV)</enum><text>by striking <quote>the Secretary of Labor</quote> in the last sentence of subparagraph (C)(iii) and inserting <quote>the Secretary</quote>, and</text> </subclause></clause> <clause commented="no" id="H3F84DEE801A14614A06D139C3BF797BE"><enum>(v)</enum><text>by striking <quote>an employer's withdrawal liability</quote> in paragraph (9)(B) and inserting <quote>the allocation of unfunded vested benefits to an employer</quote>.</text> </clause></subparagraph> <subparagraph commented="no" id="H61FDA89D780843A2A1A40001870833FD"><enum>(E)</enum><text>Section 432(f)(2)(A)(i) of the 1986 Code is amended—</text> <clause commented="no" id="H9820163F72D44A1B8896425FD035611C"><enum>(i)</enum><text>by striking <quote>section 411(b)(1)(A)</quote> and inserting <quote>section 411(a)(9)</quote>; and</text> </clause> <clause commented="no" id="HFB583D73B9344D06B97DE6B53EA4B39"><enum>(ii)</enum><text>by inserting at the end the following: <quote>to a participant or beneficiary whose annuity starting date (as defined in section 417(f)(2)) occurs after the date such notice is sent,</quote>.</text> </clause></subparagraph> <subparagraph commented="no" id="HCC1283623528484FBD885F0702A728F5"><enum>(F)</enum><text>Section 432(g) of the 1986 Code is amended by inserting <quote>under subsection (c)</quote> after <quote>funding improvement plan</quote> the first place it appears.</text> </subparagraph> <subparagraph commented="no" id="HB8CB7F1572EC4F3E851D6FD86FD4E80"><enum>(G)</enum><text>Section 432(i) of the 1986 Code is amended—</text> <clause commented="no" id="HD32994E1076F42EEBD0059F490E97992"><enum>(i)</enum><text>by striking <quote>section 412(a)</quote> in paragraph (3) and inserting <quote>section 431(a)</quote>, and</text> </clause> <clause commented="no" id="H8D56428994BB44CC81A927F379025000"><enum>(ii)</enum><text>by striking paragraph (9) and inserting the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="HD871B3992036459998F5074789FD00A6" style="OLC"> <paragraph commented="no" id="H4965791398EC43128EE27002DC74C35"><enum>(9)</enum><header>Plan sponsor</header><text>For purposes of this section, section 431, and section 4971(g):</text> <subparagraph commented="no" id="HC30656F94E9745BEB8FF20C3DFBA276"><enum>(A)</enum><header>In general</header><text>The term <term>plan sponsor</term> means, with respect to any multiemployer plan, the association, committee, joint board of trustees, or other similar group of representatives of the parties who establish or maintain the plan.</text> </subparagraph> <subparagraph commented="no" id="HD33FE99158C44C9BB2F8C6D7F5EA447D"><enum>(B)</enum><header>Special rule for section <enum-in-header>404(c)</enum-in-header> plans</header><text>In the case of a plan described in section 404(c) (or a continuation of such plan), such term means the bargaining parties described in paragraph (1).</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph commented="no" id="HC589994EA6BE4B7E8CF45366781563B2"><enum>(H)</enum><text>Section 412(b)(3) of the 1986 Code is amended by striking <quote>the plan adopts</quote> and inserting <quote>the plan sponsor adopts</quote>.</text> </subparagraph> <subparagraph commented="no" id="H3921B749FB4A412485FEE13413A9CBFB"><enum>(I)</enum><text>Section 4971(g)(4) of the 1986 Code is amended—</text> <clause commented="no" id="H1D3DBF6B9B45466F9C035D00E3689357"><enum>(i)</enum><text>in subparagraph (B)(ii), by striking <quote>first day of</quote> and inserting <quote>day following the close of</quote>, and</text> </clause> <clause commented="no" id="HBA7DEA5BFAAA458C92752EEEE48DD03"><enum>(ii)</enum><text>by striking clause (ii) of subparagraph (C) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H837E899C51F240D6B600B55BC7118B5D" style="OLC"> <clause commented="no" id="HBE714A8B814A4792AF83E85E69643080"><enum>(ii)</enum><header>Plan sponsor</header><text>For purposes of clause (i), the term <term>plan sponsor</term> has the meaning given such term by section 432(i)(9).</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </clause></subparagraph></paragraph> <paragraph commented="no" id="HE1BFCE2E433A49E79D83C781076DC672"><enum>(3)</enum><header>Amendments to 2006 Act</header> <subparagraph commented="no" id="H7CFC745CF46D4EC196245543B5BF6643"><enum>(A)</enum><text>Section 212(b)(2) of the 2006 Act is amended by striking <quote>Section 4971(c)(2) of such Code</quote> and inserting <quote>Section 4971(e)(2) of such Code</quote>.</text> </subparagraph> <subparagraph commented="no" id="H253436BC12B2474298A2002210A69036"><enum>(B)</enum><text>Section 212(e)(1) of the 2006 Act is amended by inserting <quote>, except that the amendments made by subsection (b) shall apply to taxable years beginning after 2007, but only with respect to plan years beginning after 2007 which end with or within any such taxable year</quote> before the period at the end.</text> </subparagraph> <subparagraph commented="no" id="H757C3EC8232040D38139983F84ECD761"><enum>(C)</enum><text>Section 212(e)(2) of the 2006 Act is amended by striking <quote>section 305(b)(3) of the Employee Retirement Income Security Act of 1974</quote> and inserting <quote>section 432(b)(3) of the Internal Revenue Code of 1986</quote>.</text> </subparagraph></paragraph></subsection></section> <section id="H7005D081E84440BDAAF34918131400AE"><enum>103.</enum><header>Amendments related to title III</header> <subsection id="H26E92FB682C74EE190B466E34B6E4E9E"><enum>(a)</enum><header>Amendment related to section 301</header><text>Clause (ii) of section 101(c)(2)(A) of the Pension Funding Equity Act of 2004, as amended by section 301(c) of the 2006 Act, is amended by striking <quote>2008</quote> and inserting <quote>2009</quote>.</text> </subsection> <subsection id="H833F67A46F2D478CA75BBE507F007E00"><enum>(b)</enum><header>Amendments related to section 302</header> <paragraph id="HEF8785DDFEC14B34AAD0C73F0765443C"><enum>(1)</enum><header>Amendment to ERISA</header><text>Section 205(g)(3)(B)(iii)(II) of ERISA is amended by striking <quote>section 205(g)(3)(B)(iii)(II)</quote> and inserting <quote>section 205(g)(3)(A)(ii)(II)</quote>.</text> </paragraph> <paragraph id="HD4770B37B939459EA2BE133A1B06A8"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H2AEF8B0280BF4445BC1D84D798F74C8D"><enum>(A)</enum><text>Section 417(e)(3)(D)(i) of the 1986 Code is amended by striking <quote>clause (ii)</quote> and inserting <quote>subparagraph (C)</quote>.</text> </subparagraph> <subparagraph id="HDE01A63EC1DC47FBA1F63CAC8F5BB78C"><enum>(B)</enum> <clause commented="no" display-inline="yes-display-inline" id="H18294574354D4C3CB181C4606B6C6D88"><enum>(i)</enum><text>Section 415(b)(2)(E)(v) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H36A2BCEA1F06442D96BB3C95C8DE04D" style="OLC"> <clause id="H66C20F26B5D04CCCBA79B565C4B2C9AC"><enum>(v)</enum><text>For purposes of adjusting any benefit or limitation under subparagraph (B), (C), or (D), the mortality table used shall be the applicable mortality table (within the meaning of section 417(e)(3)(B)).</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </clause> <clause id="H3C2D324592F942BBB51314626911124D" indent="up1"><enum>(ii)</enum> <subclause commented="no" display-inline="yes-display-inline" id="HB6107400AC6E4A1789216BE01012EF51"><enum>(I)</enum><text>Except as provided in subclause (II), the amendment made by clause (i) shall apply to years beginning after December 31, 2008.</text> </subclause> <subclause id="H7C6C4BC85C564D1DB8A58C3408D18488" indent="up1"><enum>(II)</enum><text>A plan sponsor may elect to have the amendment made by clause (i) apply to any year beginning after December 31, 2007, and before January 1, 2009, or to any portion of any such year.</text> </subclause></clause></subparagraph></paragraph></subsection></section> <section id="H3785450F36D040A29FB240000B200EC"><enum>104.</enum><header>Amendments related to title IV</header> <subsection id="H3A0CFD29E6544B61A5CFCF33276F5800"><enum>(a)</enum><header>Amendment related to section 401</header><text>Section 4006(a)(3)(A)(i) of ERISA is amended by striking <quote>1990</quote> and inserting <quote>2005</quote>.</text> </subsection> <subsection id="H324E678105BD438899C05C964856DD1D"><enum>(b)</enum><header>Amendment related to section 402</header><text>Section 402(c)(1)(A) of the 2006 Act is amended by striking <quote>commercial airline</quote> and inserting <quote>commercial</quote>.</text> </subsection> <subsection id="H9A7010D5E9E74B38A0E795D1A4ED0077"><enum>(c)</enum><header>Amendment related to section 408</header><text>Section 4044(e) of ERISA, as added by section 408(b)(2) of the 2006 Act, is redesignated as subsection (f).</text> </subsection> <subsection id="H522726D8B4074F459351001C8E7ED757"><enum>(d)</enum><header>Amendments related to section 409</header><text>Section 4041(b)(5)(A) of ERISA is amended by striking <quote>subparagraph (B)</quote> and inserting <quote>subparagraphs (B) and (D)</quote>.</text> </subsection> <subsection id="HE6CCA85AC12C4EEEB8843845AAD9832B"><enum>(e)</enum><header>Amendments related to section 410</header><text>Section 4050(d)(4)(A) of ERISA is amended—</text> <paragraph id="HEC03B6003A4F479900CB1495CDBA9E00"><enum>(1)</enum><text>by striking <quote>and</quote> at the end of clause (i), and</text> </paragraph> <paragraph id="HBF6603A13C1045F18B8698D7D4511827"><enum>(2)</enum><text>by striking clause (ii) and inserting the following new clauses:</text> <quoted-block display-inline="no-display-inline" id="HCFE0F0F61C954D3181EF61011F2CDADB" style="OLC"> <clause id="HEB64D65875104474AF619D40BA4D6563"><enum>(ii)</enum><text>which is not a plan described in paragraph (2), (3), (4), (6), (7), (8), (9), (10), or (11) of section 4021(b), and</text> </clause> <clause id="H40E8036E93CC4A6285A14E55003EB5FA"><enum>(iii)</enum><text>which, was a plan described in <external-xref legal-doc="usc" parsable-cite="usc/26/401">section 401(a)</external-xref> of the Internal Revenue Code of 1986 which includes a trust exempt from tax under section 501(a) of such Code, and</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection></section> <section id="H21303406125E4D9EAFEA2DB63DC2BD0"><enum>105.</enum><header>Amendments related to title V</header> <subsection id="HA361F62E61D9475FB1CBDC22C0E99220"><enum>(a)</enum><header>Amendment related to section 501</header><text>Section 101(f)(2)(B)(ii) of ERISA is amended—</text> <paragraph id="HD976B1E2C67D4D86ACD09E54989B00B9"><enum>(1)</enum><text>by striking <quote>for which the latest annual report filed under section 104(a) was filed</quote> in subclause (I)(aa) and inserting <quote>to which the notice relates</quote>, and</text> </paragraph> <paragraph id="H8DB69C9456BC4A70A929EAAE43F4C800"><enum>(2)</enum><text>by striking subclause (II) and inserting the following new subclause:</text> <quoted-block display-inline="no-display-inline" id="H7F3CAA0F5A3C456C8CE17E754B3BC84" style="OLC"> <subclause id="H8628AC7D9053468E8196BD12E2332753"><enum>(II)</enum><text>in the case of a multiemployer plan, a statement, for the plan year to which the notice relates and the preceding 2 plan years, of the value of the plan assets (determined both in the same manner as under section 304 and under the rules of subclause (I)(bb)) and the value of the plan liabilities (determined in the same manner as under section 304 except that the method specified in section 305(i)(8) shall be used),</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="H46698F93C28941C9B5FC76751CB4303E"><enum>(b)</enum><header>Amendments related to section 502</header> <paragraph id="H5155AA3C7CAC418D8BE9B5397F462A0"><enum>(1)</enum><text>Section 101(k)(2) of ERISA is amended by filing at the end the following new flush sentence:</text> <quoted-block display-inline="no-display-inline" id="HCD12AC5A4E4040B08B83197244E63D62" style="OLC"> <quoted-block-continuation-text quoted-block-continuation-text-level="paragraph">Subparagraph (C)(i) shall not apply to individually identifiable information with respect to any plan investment manager or adviser, or with respect to any other person (other than an employee of the plan) preparing a financial report required to be included under paragraph (1)(B).</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="H4FE82ACFD79446C29E8C7CED5CBC8C0"><enum>(2)</enum><text>Section 4221 of ERISA is amended by striking subsection (e) and by redesignating subsections (f) and (g) as subsections (e) and (f), respectively.</text> </paragraph></subsection> <subsection id="H25B34DE8E8574C598620AC65A6DE2B67"><enum>(c)</enum><header>Amendments related to section 503</header> <paragraph id="H612F89F458A9485F9084DF340022921B"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="HEA343FD7A04B4DEA8CAB953D0403DF49"><enum>(A)</enum><text>Section 104(b)(3) of ERISA is amended by—</text> <clause id="H2FF2AFEB27BA44C28B84F6B6006FC388"><enum>(i)</enum><text>striking <quote>section 103(f)</quote> and inserting <quote>section 101(f)</quote>, and</text> </clause> <clause id="H7FE83CF37DA4403788203C411C5E55D5"><enum>(ii)</enum><text>striking <quote>the administrators</quote> and inserting <quote>the administrator</quote>.</text> </clause></subparagraph> <subparagraph id="H12E460AB4AEA4DA289CAA700442FAB2C"><enum>(B)</enum><text>Section 104(d)(1)(E)(ii) of ERISA is amended by inserting <quote>funding</quote> after <quote>plan's</quote>.</text> </subparagraph></paragraph> <paragraph id="H9961DC54DDDA400E95A497DF4EA735BE"><enum>(2)</enum><header>Amendments to 2006 Act</header><text>Section 503(e) of the 2006 Act is amended by striking <quote>section 101(f)</quote> and inserting <quote>section 104(d)</quote>.</text> </paragraph></subsection> <subsection id="H7E2DA88203C6402187A16CEE342F5D28"><enum>(d)</enum><header>Amendment related to section 505</header><text>Section 4010(d)(2)(B) of ERISA is amended by striking <quote>section 302(d)(2)</quote> and inserting <quote>section 303(d)(2)</quote>.</text> </subsection> <subsection id="H5FC9C7AFAE3E40B5871367CE71EB00A2"><enum>(e)</enum><header>Amendments related to section 506</header> <paragraph id="HF8F9DABA05F54AA1B8A04100C9B6E956"><enum>(1)</enum><text>Section 4041(c)(2)(D)(i) of ERISA is amended by striking <quote>subsection (a)(2)</quote> the second place it appears and inserting <quote>subparagraph (A) or the regulations under subsection (a)(2)</quote>.</text> </paragraph> <paragraph id="H93D4602F35324B23B3CEA09845B7F7E9"><enum>(2)</enum><text>Section 4042(c)(3)(C)(i) of ERISA is amended—</text> <subparagraph id="H28EEDAADB30049BF993268E3CD8B1238"><enum>(A)</enum><text>by striking <quote>and plan sponsor</quote> and inserting <quote>, the plan sponsor, or the corporation</quote>, and</text> </subparagraph> <subparagraph id="H34B2C23381544706998CDDB1B1CBC17"><enum>(B)</enum><text>by striking <quote>subparagraph (A)(i)</quote> and inserting <quote>subparagraph (A)</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H31C91156D549407C89C89CD6850939A9"><enum>(f)</enum><header>Amendments related to section 508</header><text>Section 209(a) of ERISA is amended—</text> <paragraph id="H0D0E40C36E8E4C02B1E0AE42DA9C579E"><enum>(1)</enum><text>in paragraph (1)—</text> <subparagraph id="H73EC1E7738004475A043CDEF1FF6C13"><enum>(A)</enum><text>by striking <quote>regulations prescribed by the Secretary</quote> and inserting <quote>such regulations as the Secretary may prescribe</quote>, and</text> </subparagraph> <subparagraph id="HA5E497D4017F461498EB38A83FB42CA8"><enum>(B)</enum><text>by striking the last sentence and inserting <quote>The report required under this paragraph shall be in the same form, and contain the same information, as periodic benefit statements under section 105(a).</quote>, and</text> </subparagraph></paragraph> <paragraph id="H042C14CD29524574AAE0D64384E5BAE"><enum>(2)</enum><text>by striking paragraph (2) and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="H386D8433C402471FAB2FC860A972B116" style="OLC"> <paragraph id="HDBB0C9DDF23740D3A1594F4B2E5546C"><enum>(2)</enum><text>If more than one employer adopts a plan, each such employer shall furnish to the plan administrator the information necessary for the administrator to maintain the records, and make the reports, required by paragraph (1). Such administrator shall maintain the records, and make the reports, required by paragraph (1).</text> </paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="HB823259568234951ADC7E7AFA7796E1E"><enum>(g)</enum><header>Amendment related to section 509</header><text>Section 101(i)(8)(B) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H9F28E45DBD594B5BA932755BEFD3E999" style="OLC"> <subparagraph id="HE0E9324C55F74DE399C613BD00BAE1B"><enum>(B)</enum><header>One-participant retirement plan</header><text>For purposes of subparagraph (A), the term <term>one-participant retirement plan</term> means a retirement plan that on the first day of the plan year—</text> <clause id="HD82FFCE61F7E497F85421E45DD6BD39B"><enum>(i)</enum><text>covered only one individual (or the individual and the individual's spouse) and the individual (or the individual and the individual's spouse) owned 100 percent of the plan sponsor (whether or not incorporated), or</text> </clause> <clause id="HE6DFB73209104DBBA9A5899CD261FEC7"><enum>(ii)</enum><text>covered only one or more partners (or partners and their spouses) in the plan sponsor.</text> </clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </subsection></section> <section id="H8315B5037C624172AEFDF68584F4EC82"><enum>106.</enum><header>Amendments related to title VI</header> <subsection id="HE1306DAD82C74A1E8CE030D50019D7FC"><enum>(a)</enum><header>Amendments related to section <enum-in-header>601</enum-in-header></header> <paragraph id="H14B94CA104E447239080C2452F3B4976"><enum>(1)</enum><header>Amendments to ERISA</header> <subparagraph id="H802916F3E4C04A89AD0016C3E4CEB07F"><enum>(A)</enum><text>Section 408(g)(3)(D)(ii) of ERISA is amended by striking <quote>subsection (b)(14)(B)(ii)</quote> and inserting <quote>subsection (b)(14)(A)(ii)</quote>.</text> </subparagraph> <subparagraph id="H33992AC86568465EB383AA8DB2B81127"><enum>(B)</enum><text>Section 408(g)(6)(A)(i) of ERISA is amended by striking <quote>financial adviser</quote> and inserting <quote>fiduciary adviser</quote>.</text> </subparagraph> <subparagraph id="HCCFFF3499C234686A77828659400471C"><enum>(C)</enum><text>Section 408(g)(11)(A) of ERISA is amended—</text> <clause id="H651F31EFE195425A8BE5392F539981CE"><enum>(i)</enum><text>by striking <quote>the participant</quote> each place it appears and inserting <quote>a participant</quote>, and</text> </clause> <clause id="H39D6F6E5955C4F429D6B8131BAB4A440"><enum>(ii)</enum><text>by striking <quote>section 408(b)(4)</quote> in clause (ii) and inserting <quote>subsection (b)(4)</quote>.</text> </clause></subparagraph></paragraph> <paragraph id="HFE1066336C8548AA9C2E542835F3ECB"><enum>(2)</enum><header>Amendments to 1986 Code</header> <subparagraph id="H5060D08E2B784A2E880047CCF0FC3762"><enum>(A)</enum><text>Section 4975(d)(17) of the 1986 Code, in the matter preceding subparagraph (A), is amended by striking <quote>and that permits</quote> and inserting <quote>that permits</quote>.</text> </subparagraph> <subparagraph id="HA5A6A9D03D644174A15107458BDF8DE4"><enum>(B)</enum><text>Section 4975(f)(8) of the 1986 Code is amended—</text> <clause id="HF573D4599F8C4117B98DA5D31076D7FE"><enum>(i)</enum><text>in subparagraph (A), by striking <quote>subsection (b)(14)</quote> and inserting <quote>subsection (d)(17)</quote>,</text> </clause> <clause id="HF0FCDE8E6E2143C29E79D3D008A55C89"><enum>(ii)</enum><text>in subparagraph (C)(iv)(II), by striking <quote>subsection (b)(14)(B)(ii)</quote> and inserting <quote>(d)(17)(A)(ii)</quote>,</text> </clause> <clause id="H3631E7812FC14CB5934C296B91BA7211"><enum>(iii)</enum><text>in subparagraph (F)(i)(I), by striking <quote>financial adviser</quote> and inserting <quote>fiduciary adviser,</quote>,</text> </clause> <clause id="HD5A4416B12E54F19A56C4603E981D7B2"><enum>(iv)</enum><text>in subparagraph (I), by striking <quote>section 406</quote> and inserting <quote>subsection (c)</quote>, and</text> </clause> <clause id="H758427803ADC401DA0F7992B10C8A4C5"><enum>(v)</enum><text>in subparagraph (J)(i)—</text> <subclause id="H81AC9D9D31F84B2EB4E27ECFA2A858FA"><enum>(I)</enum><text>by striking <quote>the participant</quote> each place it appears and inserting <quote>a participant</quote>,</text> </subclause> <subclause id="HB32771F9EAAA4945B1032468CBCC0023"><enum>(II)</enum><text>in the matter preceding subclause (I), by inserting <quote>referred to in subsection (e)(3)(B)</quote> after <quote>investment advice</quote>, and</text> </subclause> <subclause id="HEAE8C3B397F7413AAC19D81CE269505F"><enum>(III)</enum><text>in subclause (II), by striking <quote>section 408(b)(4)</quote> and inserting <quote>subsection (d)(4)</quote>.</text> </subclause></clause></subparagraph></paragraph> <paragraph id="H83D5C4AC0AE34D489CEA5BC6A955D05E"><enum>(3)</enum><header>Amendment to 2006 Act</header><text>Section 601(b)(4) of the 2006 Act is amended by striking <quote>section 4975(c)(3)(B)</quote> and inserting <quote>section 4975(e)(3)(B)</quote>.</text> </paragraph></subsection> <subsection commented="no" id="HEBFA54CD64904B36AC13EBC69D54CDFA"><enum>(b)</enum><header>Amendments related to section 611</header> <paragraph commented="no" id="HFB9FE96DAF7B49299CF4BC1CE7CEC0AD"><enum>(1)</enum><header>Amendment to ERISA</header><text>Section 408(b)(18)(C) of ERISA is amended by striking <quote>or less</quote>.</text> </paragraph> <paragraph commented="no" id="HC8A2672E98C440508E94ACBE538C3123"><enum>(2)</enum><header>Amendments to 1986 Code</header><text>Section 4975(d) of the 1986 Code is amended—</text> <subparagraph commented="no" id="H4B4EB7D5A1564916A9452422C0905729"><enum>(A)</enum><text>in the matter preceding subparagraph (A) of paragraph (18)—</text> <clause commented="no" id="H9D8B36D28EA54ADEAEE765230000C637"><enum>(i)</enum><text>by striking <quote>party in interest</quote> and inserting <quote>disqualified person</quote>, and</text> </clause> <clause commented="no" id="H9E836C1270494ABD94E6554246F6C1F2"><enum>(ii)</enum><text>by striking <quote>subsection (e)(3)(B)</quote> and inserting <quote>subsection (e)(3)</quote>,</text> </clause></subparagraph> <subparagraph commented="no" id="H663605EFAE80407895222320F26564AC"><enum>(B)</enum><text>in paragraphs (19), (20), and (21), by striking <quote>party in interest</quote> each place it appears and inserting <quote>disqualified person</quote>, and</text> </subparagraph> <subparagraph commented="no" id="H369C6480BE1E402E9D4783D02139E85"><enum>(C)</enum><text>by striking <quote>or less</quote> in paragraph (21)(C).</text> </subparagraph></paragraph></subsection> <subsection id="H3C0CE5C7E7EA432082008BD6E3F6BE03"><enum>(c)</enum><header>Amendments related to section 612</header><text>Section 4975(f)(11)(B)(i) of the 1986 Code is amended by—</text> <paragraph id="H53FAAC44AAB84477AC00E51D05EB848C"><enum>(1)</enum><text>inserting <quote>of the Employee Retirement Income Security Act of 1974</quote> after <quote>section 407(d)(1)</quote>, and</text> </paragraph> <paragraph id="H0EA3B5F56F044458BE465CDB3B866EA6"><enum>(2)</enum><text>inserting <quote>of such Act</quote> after <quote>section 407(d)(2)</quote>.</text> </paragraph></subsection> <subsection id="HC7BB2F5BC0C543168D8D8D87EC468CF8"><enum>(d)</enum><header>Amendments related to section 624</header><text>Section 404(c)(5) of ERISA is amended by striking <quote>participant</quote> each place it appears and inserting <quote>participant or beneficiary</quote>.</text> </subsection></section> <section id="H8E05D615713345DC8D8703856D8FCEAC"><enum>107.</enum><header>Amendments related to title VII</header> <subsection id="H9B465F4C0A0D4B5BB622303863CAEE37"><enum>(a)</enum><header>Amendments to ERISA</header> <paragraph id="H3F94AF46D80041DEBC6F3FE6C319EA7B"><enum>(1)</enum><text>Section 203(f)(1)(B) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HC988AF9951A945B68CC25091E76B1600" style="OLC"> <subparagraph id="H91D7C413A8644622BE6474CEFE21616B"><enum>(B)</enum><text>the requirements of section 204(c) or 205(g), or the requirements of subsection (e), with respect to accrued benefits derived from employer contributions,</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="HF9AD92CF17194CD0908C55483C935FAD"><enum>(2)</enum><text>Section 204(b)(5) of ERISA is amended—</text> <subparagraph id="H34738FF44F964B2C922F075EF381BB09"><enum>(A)</enum><text>by striking <quote>clause</quote> in subparagraph (A)(iii) and inserting <quote>subparagraph</quote>, and</text> </subparagraph> <subparagraph id="HABBDE399D6CA4CDD9DC8D9BC495BFA3"><enum>(B)</enum><text>by inserting <quote>otherwise</quote> before <quote>allowable</quote> in subparagraph (C).</text> </subparagraph></paragraph> <paragraph id="HFEC812763A784A37895FECA0DDCD70AB"><enum>(3)</enum><text>Subclause (II) of section 204(b)(5)(B)(i) of ERISA is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HD6139A3FEBA74738A0039BD19D3F1B23" style="OLC"> <subclause commented="no" display-inline="no-display-inline" id="H5DAA8B627C5B44E7B7A9DC49AE05EA5D"><enum>(II)</enum><header display-inline="yes-display-inline">Preservation of capital</header><text display-inline="yes-display-inline">An applicable defined benefit plan shall be treated as failing to meet the requirements of paragraph (1)(H) unless the plan provides that an interest credit (or equivalent amount) of less than zero shall in no event result in the account balance or similar amount being less than the aggregate amount of contributions credited to the account.</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="H675EA9AE95B84579854D0508836557B"><enum>(b)</enum><header>Amendments to 1986 Code</header> <paragraph id="H35C4583B03F74B2F8309E34B60C1394"><enum>(1)</enum><text>Section 411(b)(5) of the 1986 Code is amended—</text> <subparagraph id="H02739E9CA02F40898BFAEAC93E1F8300"><enum>(A)</enum><text>by striking <quote>clause</quote> in subparagraph (A)(iii) and inserting <quote>subparagraph</quote>, and</text> </subparagraph> <subparagraph id="H14D32847A6AC42F58B9419A1D29BAFF7"><enum>(B)</enum><text>by inserting <quote>otherwise</quote> before <quote>allowable</quote> in subparagraph (C).</text> </subparagraph></paragraph> <paragraph id="H7588B3958F4C4A39B67FBA10BDB08000"><enum>(2)</enum><text>Section 411(a)(13)(A) of the 1986 Code is amended—</text> <subparagraph id="HB77018FBE0704BEB928F8D645744F9DB"><enum>(A)</enum><text>by striking <quote>paragraph (2)</quote> in clause (i) and inserting <quote>subparagraph (B)</quote>,</text> </subparagraph> <subparagraph id="H902D40AC57844E3592998B511D25CACA"><enum>(B)</enum><text>by striking clause (ii) and inserting the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H3C3D66DD33224B6EAA414202DFD300B1" style="OLC"> <clause id="H0C7AD4688FCD45C0B0A4E2BED2E55868"><enum>(ii)</enum><text>the requirements of subsection (a)(11) or (c), or the requirements of section 417(e), with respect to accrued benefits derived from employer contributions,</text> </clause><after-quoted-block>, and</after-quoted-block></quoted-block> </subparagraph> <subparagraph id="H70F0AE514276466A89A0DB26FF558413"><enum>(C)</enum><text>by striking <quote>paragraph (3)</quote> in the matter following clause (ii) and inserting <quote>subparagraph (C)</quote>.</text> </subparagraph></paragraph> <paragraph id="HAE4E373B798E45DCA748BF3BD8D515F5"><enum>(3)</enum><text>Subclause (II) of section 411(b)(5)(B)(i) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H358905A1F1A546D2915135B743936746" style="OLC"> <subclause id="H2E77EC13D955471C84AC4E00008FC1E4"><enum>(II)</enum><header>Preservation of capital</header><text>An applicable defined benefit plan shall be treated as failing to meet the requirements of paragraph (1)(H) unless the plan provides that an interest credit (or equivalent amount) of less than zero shall in no event result in the account balance or similar amount being less than the aggregate amount of contributions credited to the account.</text> </subclause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection id="HE8D39A75B49347C18C7F2B14B8C9DD00"><enum>(c)</enum><header>Amendments to 2006 Act</header> <paragraph id="H3F0FFE850C324F1AA1CB15F6B53F08D4"><enum>(1)</enum><text>Section 701(d)(2) of the 2006 Act is amended by striking <quote>204(g)</quote> and inserting <quote>205(g)</quote>.</text> </paragraph> <paragraph id="H3C70ECA2A58F4A8C9EBF0025D4EE91AB"><enum>(2)</enum><text>Section 701(e) of the 2006 Act is amended—</text> <subparagraph id="HC5168ABD14304061B7BA831D7BD16075"><enum>(A)</enum><text>by inserting <quote>on or</quote> after <quote>period</quote> in paragraph (3),</text> </subparagraph> <subparagraph id="HC75C2FF316434F688877E2AF8F324E5C"><enum>(B)</enum><text>in paragraph (4)—</text> <clause id="H69576206B26E45AE8E48917EFB7EAD56"><enum>(i)</enum><text>by inserting <quote>the earlier of </quote> after <quote>before</quote> in the matter preceding subparagraph (A), and</text> </clause> <clause id="HAE62AF6AC9604A28967DD7043DD995A9"><enum>(ii)</enum><text>by striking <quote>earlier</quote> and inserting <quote>later</quote> in subparagraph (A),</text> </clause></subparagraph> <subparagraph id="HA6A9AA641318472D9E482420451D7C70"><enum>(C)</enum><text>by inserting <quote>on or</quote> before <quote>after</quote> each place it appears in paragraph (5), and</text> </subparagraph> <subparagraph id="H40284FC84A694657A4F2D089963D0372"><enum>(D)</enum><text>by adding at the end the following new paragraph:</text> <quoted-block display-inline="no-display-inline" id="H0B2F5162CFEE45EE8260E3F450430042" style="OLC"> <paragraph id="HE06C3F5FC03B47AA9FA838E82444137F"><enum>(6)</enum><header>Special rule for vesting requirements</header><text>The requirements of section 203(f)(2) of the Employee Retirement Income Security Act of 1974 and <external-xref legal-doc="usc" parsable-cite="usc/26/411">section 411(a)(13)(B)</external-xref> of the Internal Revenue Code of 1986 (as added by this Act)—</text> <subparagraph id="H585FC171A853491D94A347A66EF0E6A3"><enum>(A)</enum><text>shall not apply to a participant who does not have an hour of service after the effective date of such requirements (as otherwise determined under this subsection); and</text> </subparagraph> <subparagraph id="HCC5C69B5A3384B9A00768CE79D4178A4"><enum>(B)</enum><text>in the case of a plan other than a plan described in paragraph (3) or (4), shall apply to plan years ending on or after June 29, 2005.</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </subparagraph></paragraph></subsection></section> <section id="H0AC222C8A18146FCB93F04D6435823F"><enum>108.</enum><header>Amendments related to title VIII</header> <subsection id="HF062123F1A554E4EA8BCB476AE5955CB"><enum>(a)</enum><header>Amendments related to section 801</header> <paragraph id="HE5D8C5C12A414198A55461649C00A0CC"><enum>(1)</enum><text>Section 404(o) of the 1986 Code is amended—</text> <subparagraph id="HD71A9E7624974641006FB08B473FE400"><enum>(A)</enum><text>by striking <quote>430(g)(2)</quote> in paragraph (2)(A)(ii) and inserting <quote>430(g)(3)</quote>, and</text> </subparagraph> <subparagraph id="HE2479BDAE1AA48CAA02B4C254425EE21"><enum>(B)</enum><text>by striking <quote>412(f)(4)</quote> in paragraph (4)(B) and inserting <quote>412(d)(3)</quote>.</text> </subparagraph></paragraph> <paragraph id="H06D3A70CA1A845D2AA1E00289D75D5A"><enum>(2)</enum><text>Section 404(a)(7)(A) of the 1986 Code is amended—</text> <subparagraph id="H8838B10294144D02841DC62EC36BF5EC"><enum>(A)</enum><text>by striking the next to last sentence, and</text> </subparagraph> <subparagraph id="HA5DFA0BDFE3E449C90AFC32C908C3487"><enum>(B)</enum><text>by striking <quote>the plan's funding shortfall determined under section 430</quote> in the last sentence and inserting <quote>the excess (if any) of the plan's funding target (as defined in section 430(d)(1)) over the value of the plan's assets (as determined under section 430(g)(3))</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="H1819D12522744DD687AAAF96D78B2C03"><enum>(b)</enum><header>Amendment related to section 802</header><text>Section 404(a)(1)(D)(i) of the 1986 Code is amended by striking <quote>431(c)(6)(C)</quote> and inserting <quote>431(c)(6)(D)</quote>.</text> </subsection> <subsection id="H71ACCEA75F3F4F38982815699978813D"><enum>(c)</enum><header>Amendment related to section 803</header><text>Clause (iii) of section 404(a)(7)(C) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HBB7182BEDAF842E4957B68DDE407F3A7" style="OLC"> <clause id="H294AC13479A44915A34F05E4132FBB"><enum>(iii)</enum><header>Limitation</header><text>In the case of employer contributions to 1 or more defined contribution plans—</text> <subclause id="H62A3044267EC474192E937C79BD0348C"><enum>(I)</enum><text>if such contributions do not exceed 6 percent of the compensation otherwise paid or accrued during the taxable year to the beneficiaries under such plans, this paragraph shall not apply to such contributions or to employer contributions to the defined benefit plans to which this paragraph would otherwise apply by reason of contributions to the defined contribution plans, and</text> </subclause> <subclause id="HD4757859AE8845278CC739B5FA7245AC"><enum>(II)</enum><text>if such contributions exceed 6 percent of such compensation, this paragraph shall be applied by only taking into account such contributions to the extent of such excess.</text> </subclause><continuation-text continuation-text-level="clause">For purposes of this clause, amounts carried over from preceding taxable years under subparagraph (B) shall be treated as employer contributions to 1 or more defined contributions plans to the extent attributable to employer contributions to such plans in such preceding taxable years.</continuation-text></clause><after-quoted-block>.</after-quoted-block></quoted-block> </subsection> <subsection id="H3DBD8B433ECE4B6A85752DF790053B27"><enum>(d)</enum><header>Amendments related to section 824</header> <paragraph id="HAB6BD0AF8B754C90BDF2BFCE71CFC3DE"><enum>(1)</enum><text>Section 408A(c)(3)(B) of the 1986 Code, as in effect after the amendments made by section 824(b)(1) of the 2006 Act, is amended—</text> <subparagraph id="H33C6E5DA587D4CDB93E8B5DBCB5442D1"><enum>(A)</enum><text>by striking the second <quote>an</quote> before <quote>eligible</quote>,</text> </subparagraph> <subparagraph id="HDE4146418C8441D5A0AB32955DD8D7AD"><enum>(B)</enum><text>by striking <quote>other than a Roth IRA</quote>, and</text> </subparagraph> <subparagraph id="H75172F535D27495BBF5D23A558ED0829"><enum>(C)</enum><text>by adding at the end the following new flush sentence:</text> <continuation-text continuation-text-level="subparagraph"><quote>This subparagraph shall not apply to a qualified rollover contribution from a Roth IRA or to a qualified rollover contribution from a designated Roth account which is a rollover contribution described in section 402A(c)(3)(A).</quote> </continuation-text></subparagraph></paragraph> <paragraph id="HDA085C18D9504FA9B989976ED310FDF1"><enum>(2)</enum><text>Section 408A(d)(3)(B), as in effect after the amendments made by section 824(b)(2)(B) of the 2006 Act, is amended by striking <quote>(other than a Roth IRA)</quote> and by inserting at the end the following new sentence: <quote>This paragraph shall not apply to a distribution which is a qualified rollover contribution from a Roth IRA or a qualified rollover contribution from a designated Roth account which is a rollover contribution described in section 402A(c)(3)(A)</quote>.</text> </paragraph></subsection> <subsection id="H4FA18279A9A04265BD00FC2CA6A9AF29"><enum>(e)</enum><header>Amendment to section 827</header><text>The first sentence of section 72(t)(2)(G)(iv) of the 1986 Code is amended by inserting <quote>on or</quote> before <quote>before</quote>.</text> </subsection> <subsection id="H201C0D0FA5704E66A4B8004DE3FA19C"><enum>(f)</enum><header>Amendments related to section 829</header> <paragraph id="HE8F9095E238842F59800F311BC2B8093"><enum>(1)</enum><text>Section 402(c)(11) of the 1986 Code is amended—</text> <subparagraph id="H512657BE9E3E46158F499600030057FF"><enum>(A)</enum><text>by inserting <quote>described in paragraph (8)(B)(iii)</quote> after <quote>eligible retirement plan</quote> in subparagraph (A), and</text> </subparagraph> <subparagraph id="HC30B429A35504D59A77242D7A4A9009D"><enum>(B)</enum><text>by striking <quote>trust</quote> before <quote>designated beneficiary</quote> in subparagraph (B).</text> </subparagraph></paragraph> <paragraph id="H8EAE52CAB82544CA8B590095FB446A7"><enum>(2)</enum> <subparagraph commented="no" display-inline="yes-display-inline" id="HDA9CA9134FD24963A6CF19E6738E8D25"><enum>(A)</enum><text>Section 402(f)(2)(A) of the 1986 Code is amended by adding at the end the following new sentence: <quote>Such term shall include any distribution to a designated beneficiary which would be treated as an eligible rollover distribution by reason of subsection (c)(11), or section 403(a)(4)(B), 403(b)(8)(B), or 457(e)(16)(B), if the requirements of subsection (c)(11) were satisfied.</quote></text> </subparagraph> <subparagraph id="H86247A432DA54963B705DFD35BB0B0DD" indent="up1"><enum>(B)</enum><text>Clause (i) of section 402(c)(11)(A) of the 1986 Code is amended by striking <quote>for purposes of this subsection</quote>.</text> </subparagraph> <subparagraph id="H69BF9CAD7D0148F8897D229CDB86C1D" indent="up1"><enum>(C)</enum><text>The amendments made by this paragraph shall apply with respect to plan years beginning after December 31, 2008.</text> </subparagraph></paragraph></subsection> <subsection id="H16A66F1A154D4219878434BAE52B76A2"><enum>(g)</enum><header>Amendment related to section 832</header><text>Section 415(f) of the 1986 Code is amended by striking paragraph (2) and by redesignating paragraph (3) as paragraph (2).</text> </subsection> <subsection id="HE7F4731DEFA44871B0BF6999A217CF00"><enum>(h)</enum><header>Amendments related to section 833</header> <paragraph id="H149659E87C8A4E0294A7E855D565A00"><enum>(1)</enum><text>Section 408A(c)(3)(C) of the 1986 Code, as added by section 833(c) of the 2006 Act, is redesignated as subparagraph (E).</text> </paragraph> <paragraph id="H2ADFE1EA6F46493EBEEEC9AAEFCF8600"><enum>(2)</enum><text>In the case of taxable years beginning after December 31, 2009, section 408A(c)(3)(E) of the 1986 Code (as redesignated by paragraph (1))—</text> <subparagraph id="HD53CD1AAB0B740648B74B7D15E02700"><enum>(A)</enum><text>is redesignated as subparagraph (D), and</text> </subparagraph> <subparagraph id="H77E40E7C75E2448186F9B493EBB4B828"><enum>(B)</enum><text>is amended by striking <quote>subparagraph (C)(ii)</quote> and inserting <quote>subparagraph (B)(ii)</quote>.</text> </subparagraph></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H1B4A6A40BEDC4573867BC6C4A5787BC6"><enum>(i)</enum><header display-inline="yes-display-inline">Amendments related to section 841</header> <paragraph commented="no" display-inline="no-display-inline" id="HADD8FE8894E94FAEA7838B93F1C06DBA"><enum>(1)</enum><text>Section 420(c)(1)(A) of the 1986 Code is amended by adding at the end the following new sentence: <quote>In the case of a qualified future transfer or collectively bargained transfer to which subsection (f) applies, any assets so transferred may also be used to pay liabilities described in subsection (f)(2)(C).</quote></text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HA02267C9282F4B01A131E4F2C108FF13"><enum>(2)</enum><text>Section 420(f)(2) of the 1986 Code is amended by striking <quote>such</quote> before <quote>the applicable</quote> in subparagraph (D)(i)(I).</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H4CE43B72F9C340ED9E84814D86A78C4B"><enum>(3)</enum><text>Section 4980(c)(2)(B) of the 1986 Code is amended by striking <quote>or</quote> at the end of clause (i), by striking the period at the end of clause (ii) and inserting <quote>, or</quote>, and by adding at the end the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H3BB2BA6075F54EBDACA891D3FF8C0040" style="OLC"> <clause commented="no" display-inline="no-display-inline" id="H5D2F9CD0E0444E40BEA0E6C8E69F859D"><enum>(iii)</enum><text>any transfer described in section 420(f)(2)(B)(ii)(II).</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H12AE10C64296404685F339009100CDAC"><enum>(j)</enum><header>Amendments related to section 845</header> <paragraph commented="no" display-inline="no-display-inline" id="HAEAD0E0BD6984015B4C7DDC8770971EC"><enum>(1)</enum><text>Subsection (l) of section 402 of the 1986 Code is amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H5A8500E20E0049FA818B42FE73B80004"><enum>(A)</enum><text>in paragraph (1)—</text> <clause id="H8C592CB4EDA84F548518D3F03D1C9E"><enum>(i)</enum><text>by inserting <quote>maintained by the employer described in paragraph (4)(B)</quote> after <quote>an eligible retirement plan</quote>, and</text> </clause> <clause commented="no" display-inline="no-display-inline" id="H5C7155D649FD485B9C038B02F6002509"><enum>(ii)</enum><text>by striking <quote>of the employee, his spouse, or dependents (as defined in section 152)</quote> ,</text> </clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H690052E6A72A4982AE7DFADDFDBB9EC4"><enum>(B)</enum><text>in paragraph (4)(D), by—</text> <clause commented="no" display-inline="no-display-inline" id="H84A815B5FD4F402CBA464533EBB714AF"><enum>(i)</enum><text>inserting <quote>(as defined in section 152)</quote> after <quote>dependents</quote>, and</text> </clause> <clause commented="no" display-inline="no-display-inline" id="H72CC4DE4D4304B00A916677272C28505"><enum>(ii)</enum><text>striking <quote>health insurance plan</quote> and inserting <quote>health plan</quote>, and</text> </clause></subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HB98E1BC8E36744ABA1C75D85311F7B56"><enum>(C)</enum><text>in paragraph (5)(A), by striking <quote>health insurance plan</quote> and inserting <quote>health plan</quote>.</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H11990FF1B98D44D28D47D9B69F71326C"><enum>(2)</enum><text>Subparagraph (B) of section 402(l)(3) of the 1986 Code is amended by striking <quote>all amounts distributed from all eligible retirement plans were treated as 1 contract for purposes of determining the inclusion of such distribution under section 72</quote> and inserting <quote>all amounts to the credit of the eligible public safety officer in all eligible retirement plans maintained by the employer described in paragraph (4)(B) were distributed during such taxable year and all such plans were treated as 1 contract for purposes of determining under section 72 the aggregate amount which would have been so includible</quote>.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H385901AE6EC84779B6307E4483F5EFFC"><enum>(k)</enum><header>Amendments related to section 854</header> <paragraph commented="no" display-inline="no-display-inline" id="H69584E0CE2D4474A8D8ECE4FF1E02498"><enum>(1)</enum><text>Section 3121(b)(5)(E) of the 1986 Code is amended by striking <quote>or special trial judge</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H3EDED00F5E5E471BA1CAA23DDC367971"><enum>(2)</enum><text>Section 210(a)(5)(E) of the Social Security Act is amended by striking <quote>or special trial judge</quote>.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H2149279F3EEB4B40A1A44CD336F021FA"><enum>(l)</enum><header>Amendments related to section 856</header><text>Section 856 of the 2006 Act, and the amendments made by such section, are hereby repealed, and the Internal Revenue Code of 1986 shall be applied and administered as if such sections and amendments had not been enacted.</text> </subsection> <subsection commented="no" display-inline="no-display-inline" id="H651525FC6D0F47AD9D78E736D12D00ED"><enum>(m)</enum><header>Amendment related to section 864</header><text>Section 864(a) of the 2006 Act is amended by striking <quote>Reconciliation</quote>.</text> </subsection></section> <section commented="no" display-inline="no-display-inline" id="H422D7AAD4D544C7C95FD405856316593"><enum>109.</enum><header>Amendments related to title IX</header> <subsection commented="no" display-inline="no-display-inline" id="HBDC41D05DA3542099731FFD4752067E"><enum>(a)</enum><header>Amendment related to section 901</header><text>Section 401(a)(35)(E)(iv) of the 1986 Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="H722EA3B9DEAF4383BCEA003C67F7E951" style="OLC"> <clause commented="no" display-inline="no-display-inline" id="H43025D27395A4BE7AC58A950009E23B"><enum>(iv)</enum><header>One-participant retirement plan</header><text>For purposes of clause (iii), the term <term>one-participant retirement plan</term> means a retirement plan that on the first day of the plan year—</text> <subclause commented="no" display-inline="no-display-inline" id="HCF6D66CB4B6643A9B26373D13F7FBBE"><enum>(I)</enum><text>covered only one individual (or the individual and the individual's spouse) and the individual (or the individual and the individual's spouse) owned 100 percent of the plan sponsor (whether or not incorporated), or</text> </subclause> <subclause commented="no" display-inline="no-display-inline" id="HA510352603554296AFB2C6B5AFB6FF91"><enum>(II)</enum><text>covered only one or more partners (or partners and their spouses) in the plan sponsor.</text> </subclause></clause><after-quoted-block>.</after-quoted-block></quoted-block> </subsection> <subsection commented="no" display-inline="no-display-inline" id="H7ECD2756EFB441C0A33E42964E84BCB6"><enum>(b)</enum><header>Amendments related to section 902</header> <paragraph commented="no" display-inline="no-display-inline" id="H73E29F6906C84374876F6908CBAEC378"><enum>(1)</enum><text>Section 401(k)(13)(D)(i)(I) of the 1986 Code is amended by striking <quote>such compensation as exceeds 1 percent but does not</quote> and inserting <quote>such contributions as exceed 1 percent but do not</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H121684DF7E7A44BAAF1CABE071CC2B37"><enum>(2)</enum><text>Sections 401(k)(8)(E) and 411(a)(3)(G) of the 1986 Code are each amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="HF533B3B2BCAB492EBFDF00A710D3E941"><enum>(A)</enum><text>by striking <quote>an erroneous automatic contribution</quote> and inserting <quote>a permissible withdrawal</quote>, and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H6C066C33C0D8415298C4576D54AE1031"><enum>(B)</enum><text>by striking <quote><header-in-text level="subparagraph" style="OLC">erroneous automatic contribution</header-in-text></quote> in the heading and inserting <quote><header-in-text level="subparagraph" style="OLC">permissible withdrawal</header-in-text></quote>.</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HB2F7BA820AD84FDEAF00B45852427C01"><enum>(3)</enum><text>Section 402(g)(2)(A)(ii) of the 1986 Code is amended by inserting <quote>through the end of such taxable year</quote> after <quote>such amount</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H987CF8C3B14948C88713A59D113738E"><enum>(4)</enum><text>Section 414(w)(3) of the 1986 Code is amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H3F0C6C1C0F6C47020067F3EDC200881B"><enum>(A)</enum><text>in subparagraph (B), by inserting <quote>and</quote> after the comma at the end,</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H0F467677F696412BB1D530D108059875"><enum>(B)</enum><text>by striking subparagraph (C), and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H00A2D3EB93C7463A88001029F2ED75B9"><enum>(C)</enum><text>by redesignating subparagraph (D) as subparagraph (C).</text> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H574EE1D2E1384F15B859380030CD8E85"><enum>(5)</enum><text>Section 414(w)(5) of the 1986 Code is amended by striking <quote>and</quote> at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting a comma, and by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="H2F14E33B7FEB4EBBB99F1EA7AD00FE1F" style="OLC"> <subparagraph commented="no" display-inline="no-display-inline" id="HCEC032A06CAB44F0933192A4B96D60DE"><enum>(D)</enum><text>a simplified employee pension the terms of which provide for a salary reduction arrangement described in section 408(k)(6), and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HC7D72555319A40219CF7BD647278742E"><enum>(E)</enum><text>a simple retirement account (as defined in section 408(p)).</text> </subparagraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="HC4E14F075EE64666B6FC48002EB0756B"><enum>(6)</enum><text>Section 414(w)(6) of the 1986 Code is amended by inserting <quote>or for purposes of applying the limitation under section 402(g)(1)</quote> before the period at the end.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H8EBC14001C844D2BB3A2B47200FCD9DD"><enum>(c)</enum><header>Amendments related to section 903</header> <paragraph commented="no" display-inline="no-display-inline" id="H91BD942F9B304F4682A920B89381CA"><enum>(1)</enum><header>Amendment of 1986 Code</header><text>Section 414(x)(1) of the 1986 Code is amended by adding at the end of paragraph (1) the following new sentence: <quote>In the case of a termination of the defined benefit plan and the applicable defined contribution plan forming part of an eligible combined plan, the plan administrator shall terminate each such plan separately.</quote></text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H4FE5AED961DA441B8BAE2013E9F7DCFE"><enum>(2)</enum><header>Amendments of ERISA</header><text>Section 210(e) of ERISA is amended—</text> <subparagraph commented="no" display-inline="no-display-inline" id="H38BE7F42D8CA470A8D16DDDC9425F53D"><enum>(A)</enum><text>by adding at the end of paragraph (1) the following new sentence: <quote>In the case of a termination of the defined benefit plan and the applicable defined contribution plan forming part of an eligible combined plan, the plan administrator shall terminate each such plan separately.</quote>, and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H09A81E23C221485B83E8B7EF704224F5"><enum>(B)</enum><text>by striking paragraph (3) and by redesignating paragraphs (4), (5), and (6) as paragraphs (3), (4), and (5), respectively.</text> </subparagraph></paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H55E93E25B9B242BA00741E141BFAA6C8"><enum>(d)</enum><header>Amendments related to section 906</header> <paragraph commented="no" display-inline="no-display-inline" id="H59F9167407F044CF93EBA211F4C56F0"><enum>(1)</enum><text>Section 906(b)(1)(B)(ii) of the 2006 Act is amended by striking <quote>paragraph (1)</quote> and inserting <quote>paragraph (10)</quote>.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H51967D6401E94E72B84FDA477FAE3D3C"><enum>(2)</enum><text>Section 4021(b) of ERISA is amended by inserting <quote>or</quote> at the end of paragraph (12), by striking <quote>; or</quote> at the end of paragraph (13) and inserting a period, and by striking paragraph (14).</text> </paragraph></subsection></section> <section id="H2482A800964F4665A9B3CC1B888FD86B"><enum>110.</enum><header>Amendments related to title X</header> <subsection id="H57691D65E667492BA6A4C255B6E1EF68"><enum>(a)</enum><header>Amendments to Railroad Retirement Act</header> <paragraph id="HFA7A9CB260924F28936EFF00477563DC"><enum>(1)</enum><text>Section 14(b) of the Railroad Retirement Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/45/231m">45 U.S.C. 231m(b)</external-xref>) is amended by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HF2AB7F49956D48F1992642BA8FE9B9F" style="OLC"> <paragraph id="H7EFAF148BDAE4CE78177EDAE95BBA7D7"><enum>(3)</enum> <subparagraph commented="no" display-inline="yes-display-inline" id="H621FE607344B49DE90C755682C69C8F3"><enum>(A)</enum><text>Payments made pursuant to paragraph (2) of this subsection shall not require that the employee be entitled to an annuity under section 2(a)(1) of this Act: Provided, however, That where an employee is not entitled to such an annuity, payments made pursuant to paragraph (2) may not begin before the month in which the following three conditions are satisfied:</text> <clause id="H261E172B058547EC8E1785B082515295" indent="up1"><enum>(i)</enum><text>The employee has completed ten years of service in the railroad industry or, five years of service all of which accrues after December 31, 1995.</text> </clause> <clause id="H07EACD1873D44DCD95B9B828B42DA38" indent="up1"><enum>(ii)</enum><text>The spouse or former spouse attains age 62.</text> </clause> <clause id="H4F20503221BB416FB4652B71B3B1A512" indent="up1"><enum>(iii)</enum><text>The employee attains age 62 (or if deceased, would have attained age 62).</text> </clause></subparagraph> <subparagraph id="HC6763C1DE6334D9F00ACD9009E4110D9" indent="up1"><enum>(B)</enum><text>Payments made pursuant to paragraph (2) of this subsection shall terminate upon the death of the spouse or former spouse, unless the court document provides for termination at an earlier date. Notwithstanding the language in a court order, that portion of payments made pursuant to paragraph (2) which represents payments computed pursuant to section 3(f)(2) of this Act shall not be paid after the death of the employee.</text> </subparagraph> <subparagraph id="id12622F70253A41B3A5443FCDED6546BC" indent="up1"><enum>(C)</enum><text>If the employee is not entitled to an annuity under section 2(a)(1) of this Act, payments made pursuant to paragraph (2) of this subsection shall be computed as though the employee were entitled to an annuity.</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph> <paragraph id="H2A50664CAB4B47869C00F58C2140493B"><enum>(2)</enum><text>Subsection (d) of section 5 of the Railroad Retirement Act (<external-xref legal-doc="usc" parsable-cite="usc/45/231d">45 U.S.C. 231d</external-xref>) is repealed.</text> </paragraph></subsection> <subsection id="H6A835CD6E59148308FD836CD909B703"><enum>(b)</enum><header>Effective dates</header> <paragraph id="HC7712046B5034B5B85AA78C7D3D2B5DA"><enum>(1)</enum><header>Subsection <enum-in-header>(a)(1)</enum-in-header></header><text>The amendment made by subsection (a)(1) shall apply with respect to payments due for months after August 2007. If, prior to the effective date of such amendment, payment pursuant to paragraph (2) of section 14(b) of the Railroad Retirement Act of 1974 (<external-xref legal-doc="usc" parsable-cite="usc/45/231m">45 U.S.C. 231m(b)</external-xref>) was terminated because of the employee's death, payment to the former spouse may be reinstated for months after August 2007.</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H138A6806399B4284814B9F600489224F"><enum>(2)</enum><header>Subsection <enum-in-header>(a)(2)</enum-in-header></header><text>The amendment made by subsection (a)(2) shall take effect upon the date of the enactment of this Act.</text> </paragraph></subsection></section> <section commented="no" display-inline="no-display-inline" id="H40D56FCEF26F4BA5B7F0915000D9EE6B"><enum>111.</enum><header>Amendments related to title XI</header> <subsection commented="no" display-inline="no-display-inline" id="H0F4F2795BD8B47AE84A790A436E6BFF"><enum>(a)</enum><header>Amendment related to section 1104</header><text>Section 1104(d)(1) of the 2006 Act is amended by striking <quote>Act</quote> the first place it appears and inserting <quote>section</quote>.</text> </subsection> <subsection commented="no" display-inline="no-display-inline" id="H18DD9C028F024B89AE88663700F99F3B"><enum>(b)</enum><header>Amendments related to section 1105</header><text>Section 3304(a) of the 1986 Code is amended—</text> <paragraph commented="no" display-inline="no-display-inline" id="H8E2F5AD086B94646B2C9470748A7C15"><enum>(1)</enum><text>in paragraph (15)—</text> <subparagraph commented="no" display-inline="no-display-inline" id="HD61B4E115F1D41499089C6A8C1F3601C"><enum>(A)</enum><text>by redesignating clauses (i) and (ii) of subparagraph (A) as subclauses (I) and (II),</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HA1DDBB7ECFDD4218BE8DC34CEF23EAAA"><enum>(B)</enum><text>by redesignating subparagraphs (A) and (B) as clauses (i) and (ii),</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HF665C7A3397A4D62B03ED2096513B87F"><enum>(C)</enum><text>by striking the semicolon at the end of clause (ii) (as so redesignated) and inserting <quote>, and</quote>,</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="H3C6C2E7D7C2B4F598593B9F600A20381"><enum>(D)</enum><text>by striking <quote>(15)</quote> and inserting <quote>(15)(A) subject to subparagraph (B),</quote>, and</text> </subparagraph> <subparagraph commented="no" display-inline="no-display-inline" id="HC2F0E2190DCB45F3A242DCDAA0564C83"><enum>(E)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="H89FF307D92F34ABAAB374ED991ECCE89" style="OLC"> <subparagraph commented="no" display-inline="no-display-inline" id="HDCBA1965C02344F4B036B680AAD3B669"><enum>(B)</enum><text>the amount of compensation shall not be reduced on account of any payments of governmental or other pensions, retirement or retired pay, annuity, or other similar payments which are not includible in the gross income of the individual for the taxable year in which it was paid because it was part of a rollover distribution;</text> </subparagraph><after-quoted-block>, and</after-quoted-block></quoted-block> </subparagraph></paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H01A7F30A4AD74228A72913FABC7089AF"><enum>(2)</enum><text>by striking the last sentence.</text> </paragraph></subsection> <subsection commented="no" display-inline="no-display-inline" id="H987B1AFE4D274B69BFC84869A400F304"><enum>(c)</enum><header>Amendments related to section 1106</header><text>Section 3(37)(G) of ERISA is amended by—</text> <paragraph commented="no" display-inline="no-display-inline" id="H24F26FB38782460FAEC1EA00DF589188"><enum>(1)</enum><text>striking <quote>paragraph</quote> each place it appears in clauses (ii), (iii), and (v)(I) and inserting <quote>subparagraph</quote>,</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HDBF692D37B86431FA4462E99942D7264"><enum>(2)</enum><text>striking <quote>subclause (i)(II)</quote> in clause (iii) and inserting <quote>clause (i)(II)</quote>,</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="HC49E56308AAE41A6943B499B266FCEB9"><enum>(3)</enum><text>striking <quote>subparagraph</quote> in clause (v)(II) and inserting <quote>clause</quote>, and</text> </paragraph> <paragraph commented="no" display-inline="no-display-inline" id="H2208410688DF498D9CC5A1544290FA8"><enum>(4)</enum><text>by striking <quote>section 101(b)(4)</quote> in clause (v)(III) and inserting <quote>section 101(b)(1)</quote>.</text> </paragraph></subsection></section> <section commented="no" display-inline="no-display-inline" id="HE21E2EC19C73475DA3970046C5899677" section-type="subsequent-section"><enum>112.</enum><header>Effective date</header><text display-inline="no-display-inline">Except as otherwise provided in this title, the amendments made by this title shall take effect as if included in the provisions of the 2006 Act to which the amendments relate.</text> </section> <enum>II</enum><header>Other Provisions</header> <section id="HAB254EE732B247F697CD10559E26DF47"><enum>201.</enum><header>Amendments Related to Sections 102 and 112 of the Pension Protection Act of 2006</header> <subsection id="HEBE42A0AB8894D24B1AC1FD00DE3BDA"><enum>(a)</enum><header>Amendment of ERISA</header><text display-inline="yes-display-inline">The last sentence of section 303(g)(3)(B) of ERISA is amended to read as follows: <quote>Any such averaging shall be adjusted for contributions, distributions, and expected earnings (as determined by the plan’s actuary on the basis of an assumed earnings rate specified by the actuary but not in excess of the third segment rate applicable under subsection (h)(2)(C)(iii)), as specified by the Secretary of the Treasury.</quote>.</text> </subsection> <subsection id="H3198A9F8AB5145D1AED200C4F0742BA"><enum>(b)</enum><header>Amendment of 1986 Code</header><text>The last sentence of section 430(g)(3)(B) of the 1986 Code is amended to read as follows: <quote>Any such averaging shall be adjusted for contributions, distributions, and expected earnings (as determined by the plan’s actuary on the basis of an assumed earnings rate specified by the actuary but not in excess of the third segment rate applicable under subsection (h)(2)(C)(iii)), as specified by the Secretary.</quote>.</text> </subsection> <subsection id="H4BD2A8C4C4A4467E8F913CAA3C02B83"><enum>(c)</enum><header>Effective date</header><text>The amendments made by this section shall take effect as if included in the provisions of the 2006 Act to which the amendments relate.</text> </subsection></section> <section id="HD6E3A5DCC16E496697E6D35C6972EF68"><enum>202.</enum><header>Modification of interest rate assumption required with respect to certain small employer plans</header> <subsection id="H8BDEFECAFE2E4F899C5BA40171392CEE"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subparagraph (E) of section 415(b)(2) of the 1986 Code (relating to limitation on certain assumptions) is amended by adding at the end the following new clause:</text> <quoted-block display-inline="no-display-inline" id="H7291BE42D03D4B31A0DF099C4B7DADA2" style="OLC"> <clause id="H2E649A20623A46D38EBDF61F785F164B"><enum>(vi)</enum><text display-inline="yes-display-inline">In the case of a plan maintained by an eligible employer (as defined in section 408(p)(2)(C)(i)), clause (ii) shall be applied without regard to subclause (II) thereof.</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </subsection> <subsection id="H105FD1489E8C4ED9AD841D403C97E126"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall apply to years beginning after December 31, 2007.</text> </subsection></section> <section id="HAC4C9B77DE1149CBB64C1E20F4E42000" section-type="subsequent-section"><enum>203.</enum><header>Determination of market rate of return for governmental plans</header> <subsection id="H1FF0DA3DD4BF4616BA805CD7EA4BA712"><enum>(a)</enum><header>Amendment of ADEA</header><text display-inline="yes-display-inline">Section 4(i)(10)(B)(i)(III) of the Age Discrimination in Employment Act of 1967 (<external-xref legal-doc="usc" parsable-cite="usc/29/623">29 U.S.C. 623(i)(10)(B)(i)(III)</external-xref>) is amended by adding at the end the following: <quote>In the case of a governmental plan (as defined in the first sentence of <external-xref legal-doc="usc" parsable-cite="usc/26/414">section 414(d)</external-xref> of the Internal Revenue Code of 1986), a rate of return or a method of crediting interest established pursuant to any provision of Federal, State, or local law (including any administrative rule or policy adopted in accordance with any such law) shall be treated as a market rate of return for purposes of subclause (I) and a permissible method of crediting interest for purposes of meeting the requirements of subclause (I), except that this sentence shall only apply to a rate of return or method of crediting interest if such rate or method does not violate any other requirement of this Act.</quote>.</text> </subsection> <subsection id="HAFFA48EFFC90420C87C31069004FFAB1"><enum>(b)</enum><header>Effective date</header><text>The amendment made by this section shall take effect as if included in the provisions of the Pension Protection Act of 2006 to which such amendment relates.</text> </subsection></section> <section display-inline="no-display-inline" id="H7D9AB93474B8498B9549B3928041FF0" section-type="subsequent-section"><enum>204.</enum><header>Treatment of certain reimbursements from governmental plans for medical care</header> <subsection id="HABE11AB4FBED45459BC07C9D6526587"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 105 of the 1986 Code (relating to amounts received under accident and health plans) is amended by adding at the end the following new subsection:</text> <quoted-block display-inline="no-display-inline" id="H1623674B8F204080AB19A1BE0082B327" style="OLC"> <subsection id="HF79F58F8B6C54A4E8FF684E0AFD82400"><enum>(j)</enum><header>Special rule for certain governmental plans</header> <paragraph id="H84E786E179C74A68AB61BDB61921C33"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">For purposes of subsection (b), amounts paid (directly or indirectly) to the taxpayer from an accident or health plan described in paragraph (2) shall not fail to be excluded from gross income solely because such plan, on or before January 1, 2008, provides for reimbursements of health care expenses of a deceased plan participant’s beneficiary.</text> </paragraph> <paragraph id="H86CDAB4AE1AC47399972B0B82E83FF00"><enum>(2)</enum><header>Plan described</header><text display-inline="yes-display-inline">An accident or health plan is described in this paragraph if such plan is funded by a medical trust that is established in connection with a public retirement system and that—</text> <subparagraph id="H180340E4D899493D00CF94901D178E7D"><enum>(A)</enum><text>has been authorized by a State legislature, or</text> </subparagraph> <subparagraph id="HF81D2BB5416B47B5A4F784275C7F8518"><enum>(B)</enum><text>has received a favorable ruling from the Internal Revenue Service that the trust’s income is not includible in gross income under section 115.</text> </subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subsection> <subsection id="H8A49C0C431F245D5BADFDC05B126CCCB"><enum>(b)</enum><header>Effective date</header><text>The amendment made by subsection (a) shall apply to payments before, on, or after the date of the enactment of this Act.</text> </subsection></section> <section display-inline="no-display-inline" id="HFBDF8E36E27C4C2E89C3819300D1F810" section-type="subsequent-section"><enum>205.</enum><header>Rollover of amounts received in airline carrier bankruptcy to Roth IRAs</header> <subsection id="H47E87EAC5C0744408175B861A8E337D4"><enum>(a)</enum><header>General rule</header><text display-inline="yes-display-inline">If a qualified airline employee receives any airline payment amount and transfers any portion of such amount to a Roth IRA within 180 days of receipt of such amount (or, if later, within 180 days of the date of the enactment of this Act), then such amount (to the extent so transferred) shall be treated as a qualified rollover contribution described in <external-xref legal-doc="usc" parsable-cite="usc/26/408A">section 408A(e)</external-xref> of the Internal Revenue Code of 1986, and the limitations described in section 408A(c)(3) of such Code shall not apply to any such transfer.</text> </subsection> <subsection id="HAACD427D4851490599C5C6AE73AEB81B"><enum>(b)</enum><header>Definitions and special rules</header><text>For purposes of this section—</text> <paragraph id="HF24EC1816BE246B29FF24C32795030A8"><enum>(1)</enum><header>Airline payment amount</header> <subparagraph id="HFE3B180171BF4D9585A95D8CD3EF4686"><enum>(A)</enum><header>In general</header><text>The term <term>airline payment amount</term> means any payment of any money or other property which is payable by a commercial passenger airline carrier to a qualified airline employee—</text> <clause id="HB1975668BEEE4EABBB2466EA694BEA49"><enum>(i)</enum><text>under the approval of an order of a Federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, and</text> </clause> <clause id="H398A3886FEF1457B9925562C618BCEB"><enum>(ii)</enum><text>in respect of the qualified airline employee’s interest in a bankruptcy claim against the carrier, any note of the carrier (or amount paid in lieu of a note being issued), or any other fixed obligation of the carrier to pay a lump sum amount.</text> </clause><continuation-text continuation-text-level="subparagraph">The amount of such payment shall be determined without regard to any requirement to deduct and withhold tax from such payment under sections 3102(a) and 3402(a).</continuation-text></subparagraph> <subparagraph id="HE9A80075AD93422E8178489287D55F2E"><enum>(B)</enum><header>Exception</header><text>An airline payment amount shall not include any amount payable on the basis of the carrier’s future earnings or profits.</text> </subparagraph></paragraph> <paragraph id="H28A426C879C4400AB8C5247DB8FC8F00"><enum>(2)</enum><header>Qualified airline employee</header><text>The term <term>qualified airline employee</term> means an employee or former employee of a commercial passenger airline carrier who was a participant in a defined benefit plan maintained by the carrier which—</text> <subparagraph id="H1EEB33F8A59544599542ADFB54B526ED"><enum>(A)</enum><text>is a plan described in <external-xref legal-doc="usc" parsable-cite="usc/26/401">section 401(a)</external-xref> of the Internal Revenue Code of 1986 which includes a trust exempt from tax under section 501(a) of such Code, and</text> </subparagraph> <subparagraph id="H77056A03F18641C6A45470DEDBEDF305"><enum>(B)</enum><text>was terminated or became subject to the restrictions contained in paragraphs (2) and (3) of section 402(b) of the Pension Protection Act of 2006.</text> </subparagraph></paragraph> <paragraph id="H7708EDAFBCF04F658C00001F3964E73F"><enum>(3)</enum><header>Reporting requirements</header><text>If a commercial passenger airline carrier pays 1 or more airline payment amounts, the carrier shall, within 90 days of such payment (or, if later, within 90 days of the date of the enactment of this Act), report—</text> <subparagraph id="H3C49A93E34CB49DE9E034D48E8FBABAC"><enum>(A)</enum><text>to the Secretary of the Treasury, the names of the qualified airline employees to whom such amounts were paid, and</text> </subparagraph> <subparagraph id="H02B5798D4D594F70834886F3AFB801FA"><enum>(B)</enum><text>to the Secretary and to such employees, the years and the amounts of the payments.</text> </subparagraph><continuation-text continuation-text-level="paragraph">Such reports shall be in such form, and contain such additional information, as the Secretary may prescribe.</continuation-text></paragraph></subsection> <subsection id="H48B82B6A3B234F6FB9741D5F7286B6A0"><enum>(c)</enum><header>Effective date</header><text>This section shall apply to transfers made after the date of the enactment of this Act with respect to airline payment amounts paid before, on, or after such date.</text> </subsection></section> <section commented="no" display-inline="no-display-inline" id="HA120DB96BCFC410EB1F973836ACEE4F" section-type="subsequent-section"><enum>206.</enum><header>Modification of penalty for failure to file partnership returns</header><text display-inline="no-display-inline">Section 6698 of the 1986 Code is amended by adding at the end the following new subsection:</text> <quoted-block display-inline="no-display-inline" id="H2B93C24AD4AD49FDA8D6A7B8AD523F00" style="OLC"> <subsection commented="no" id="H5EA56B2D1D2A48A193BA2D0763E1AB3"><enum>(e)</enum><header>Modifications</header><text display-inline="yes-display-inline">In the case of any return required to be filed after December 31, 2008, the dollar amount in effect under subsection (b)(1) shall be increased by $4.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </section> <section commented="no" display-inline="no-display-inline" id="H9043A3F9109745AB9F04B4EFCCC107F8" section-type="subsequent-section"><enum>207.</enum><header>Modification of penalty for failure to file S corporation returns</header><text display-inline="no-display-inline">Section 6699 of the 1986 Code is amended by adding at the end the following new subsection:</text> <quoted-block display-inline="no-display-inline" id="H393B807998A046E48BCC9622A82FF991" style="OLC"> <subsection commented="no" id="HA5BD3C4ECED642EABD170184A2C6ABB"><enum>(e)</enum><header>Modifications</header><text display-inline="yes-display-inline">In the case of any return required to be filed after December 31, 2008, the dollar amount in effect under subsection (b)(1) shall be increased by $4.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </section>

Passed the House of Representatives July 9, 2008.

Lorraine C. Miller,Clerk.