840 
paragraph by substituting ‘February 29, 2020’ 
for ‘August 31, 2008’ each place it appears in 
subparagraphs (A)(i), (B)(i)(I), and (B)(i)(II) 
(without regard to whether such plan previously 
elected the application of this paragraph). The 
preceding sentence shall not apply to a plan 
with respect to which a partition order is in ef-
fect under section 4233A of the Employee Re-
tirement Income Security Act of 1974.’’. 
(b) EFFECTIVE DATES.— 
(1) IN GENERAL.—The amendments made by 
this section shall take effect as of the first day of 
the first plan year ending on or after February 29, 
2020, except that any election a plan makes pursu-
ant to this section that affects the plan’s funding 
standard account for the first plan year beginning 
after February 29, 2020, shall be disregarded for 
purposes of applying the provisions of section 305 of 
the Employee Retirement Income Security Act of 
1974 and section 432 of the Internal Revenue Code 
of 1986 to such plan year. 
(2) RESTRICTIONS ON BENEFIT INCREASES.— 
Notwithstanding paragraph (1), the restrictions on 
plan amendments increasing benefits in sections 
304(b)(8)(D) of such Act and 431(b)(8)(D) of such 
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Code, as applied by the amendments made by this 
section, shall take effect on the date of enactment of 
this Act. 
SEC. 106. PBGC GUARANTEE FOR PARTICIPANTS IN MULTI-
EMPLOYER PLANS. 
Section 4022A(c)(1) of the Employee Retirement In-
come Security Act of 1974 (29 U.S.C. 1322a(c)(1)) is 
amended by striking subparagraphs (A) and (B) and in-
serting the following: 
‘‘(A) 100 percent of the accrual rate up to 
$15, plus 75 percent of the lesser of— 
‘‘(i) $70; or 
‘‘(ii) the accrual rate, if any, in excess 
of $15; and 
‘‘(B) the number of the participant’s years 
of credited service. 
For each calendar year after the first full calendar 
year following the date of the enactment of the 
Emergency Pension Plan Relief Act, the accrual 
rates in subparagraph (A) shall increase by the na-
tional average wage index (as defined in section 
209(k)(1) of the Social Security Act). For purposes 
of this subsection, the rates applicable for deter-
mining the guaranteed benefits of the participants of 
any plan shall be the rates in effect for the calendar 
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year in which the plan becomes insolvent under sec-
tion 4245 or the calendar year in which the plan is 
terminated, if earlier.’’. 
TITLE II—RELIEF FOR SINGLE 
EMPLOYER PENSION PLANS 
SEC. 201. EXTENDED AMORTIZATION FOR SINGLE EM-
PLOYER PLANS. 
(a) 15-YEAR AMORTIZATION UNDER THE INTERNAL 
REVENUE CODE OF 1986.—Section 430(c) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new paragraph: 
‘‘(8) 15-YEAR AMORTIZATION.—With respect to 
plan years beginning after December 31, 2019— 
‘‘(A) the shortfall amortization bases for 
all plan years preceding the first plan year be-
ginning after December 31, 2019 (and all 
shortfall amortization installments determined 
with respect to such bases) shall be reduced to 
zero, and 
‘‘(B) subparagraphs (A) and (B) of para-
graph (2) shall each be applied by substituting 
‘15-plan-year period’ for ‘7-plan-year period’.’’. 
(b) 15-YEAR AMORTIZATION UNDER THE EMPLOYEE 
RETIREMENT INCOME SECURITY ACT OF 1974.—Section 
303(c) of the Employee Retirement Income Security Act 
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843 
of 1974 (29 U.S.C. 1083(c)) is amended by adding at the 
end the following new paragraph: 
‘‘(8) 15-YEAR AMORTIZATION.—With respect to 
plan years beginning after December 31, 2019— 
‘‘(A) the shortfall amortization bases for 
all plan years preceding the first plan year be-
ginning after December 31, 2019 (and all 
shortfall amortization installments determined 
with respect to such bases) shall be reduced to 
zero, and 
‘‘(B) subparagraphs (A) and (B) of para-
graph (2) shall each be applied by substituting 
‘15-plan-year period’ for ‘7-plan-year period’.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years beginning after De-
cember 31, 2019. 
SEC. 202. EXTENSION OF PENSION FUNDING STABILIZA-
TION PERCENTAGES FOR SINGLE EMPLOYER 
PLANS. 
(a) AMENDMENTS TO INTERNAL REVENUE CODE OF 
1986.— 
(1) IN GENERAL.—The table contained in sub-
clause (II) of section 430(h)(2)(C)(iv) of the Inter-
nal Revenue Code of 1986 is amended to read as fol-
lows: 
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‘‘If the calendar year is: 
The applica-
ble min-
imum per-
centage is: 
The applica-
ble max-
imum per-
centage is: 
Any year in the period starting in 2012 and end-
ing in 2019 .........................................................
90% 
110%
Any year in the period starting in 2020 and end-
ing in 2025 .........................................................
95% 
105%
2026 ........................................................................
90% 
110%
2027 ........................................................................
85% 
115%
2028 ........................................................................
80% 
120%
2029 ........................................................................
75% 
125%
After 2029 ..............................................................
70% 
130%.’’. 
(2) FLOOR ON 25-YEAR AVERAGES.—Subclause 
(I) of section 430(h)(2)(C)(iv) of such Code is 
amended by adding at the end the following: ‘‘Not-
withstanding anything in this subclause, if the aver-
age of the first, second, or third segment rate for 
any 25-year period is less than 5 percent, such aver-
age shall be deemed to be 5 percent.’’. 
(b) AMENDMENTS TO EMPLOYEE RETIREMENT IN-
COME SECURITY ACT OF 1974.— 
(1) IN GENERAL.—The table contained in sub-
clause (II) of section 303(h)(2)(C)(iv) of the Em-
ployee Retirement Income Security Act of 1974 (29 
U.S.C. 1083(h)(2)(C)(iv)(II)) is amended to read as 
follows: 
‘‘If the calendar year is: 
The applica-
ble min-
imum per-
centage is: 
The applica-
ble max-
imum per-
centage is: 
Any year in the period starting in 2012 and end-
ing in 2019 .........................................................
90% 
110%
Any year in the period starting in 2020 and end-
ing in 2025 .........................................................
95% 
105%
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‘‘If the calendar year is: 
The applica-
ble min-
imum per-
centage is: 
The applica-
ble max-
imum per-
centage is: 
2026 ........................................................................
90% 
110%
2027 ........................................................................
85% 
115%
2028 ........................................................................
80% 
120%
2029 ........................................................................
75% 
125%
After 2029 ..............................................................
70% 
130%.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) IN GENERAL.—Section 101(f)(2)(D) of 
such Act (29 U.S.C. 1021(f)(2)(D)) is amend-
ed— 
(i) in clause (i) by striking ‘‘and the 
Bipartisan Budget Act of 2015’’ both 
places it appears and inserting ‘‘, the Bi-
partisan Budget Act of 2015, and the 
Emergency Pension Plan Relief Act’’, and 
(ii) in clause (ii) by striking ‘‘2023’’ 
and inserting ‘‘2029’’. 
(B) 
STATEMENTS.—The 
Secretary 
of 
Labor shall modify the statements required 
under subclauses (I) and (II) of section 
101(f)(2)(D)(i) of such Act to conform to the 
amendments made by this section. 
(3) FLOOR ON 25-YEAR AVERAGES.—Subclause 
(I) of section 303(h)(2)(C)(iv) of such Act (29 
U.S.C. 1083(h)(2)(C)(iv)(II)) is amended by adding 
at the end the following: ‘‘Notwithstanding anything 
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846 
in this subclause, if the average of the first, second, 
or third segment rate for any 25-year period is less 
than 5 percent, such average shall be deemed to be 
5 percent.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply with respect to plan years begin-
ning after December 31, 2019. 
TITLE III—OTHER RETIREMENT 
RELATED PROVISIONS 
SEC. 301. WAIVER OF REQUIRED MINIMUM DISTRIBUTIONS 
FOR 2019. 
(a) IN GENERAL.—Section 401(a)(9)(I)(i) of the In-
ternal Revenue Code of 1986 is amended by striking ‘‘cal-
endar year 2020’’ and inserting ‘‘calendar years 2019 and 
2020’’. 
(b) ELIGIBLE ROLLOVER DISTRIBUTIONS.—Section 
402(c)(4) of such Code is amended by striking ‘‘2020’’ 
each place it appears in the last sentence and inserting 
‘‘2019 or 2020’’. 
(c) 
CONFORMING
AMENDMENTS.—Section 
401(a)(9)(I) of such Code is amended— 
(1) by striking clause (ii) and redesignating 
clause (iii) as clause (ii), and 
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(2) by striking ‘‘calendar year 2020’’ in clause 
(ii)(II), as so redesignated, and inserting ‘‘calendar 
years 2019 and 2020’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall take effect as if included in the enact-
ment of section 2203 of the Coronavirus Aid, Relief, and 
Economic Security Act, except that subparagraph (c)(1) 
thereof shall be applied by substituting ‘‘December 31, 
2018’’ for ‘‘December 31, 2019’’. 
SEC. 302. WAIVER OF 60-DAY RULE IN CASE OF ROLLOVER 
OF OTHERWISE REQUIRED MINIMUM DIS-
TRIBUTIONS IN 2019 OR 2020. 
(a) QUALIFIED TRUSTS.—402(c)(3) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new subparagraph: 
‘‘(D) EXCEPTION FOR ROLLOVER OF OTH-
ERWISE REQUIRED MINIMUM DISTRIBUTIONS IN 
2019 OR 2020.—In the case of an eligible roll-
over distribution described in the second sen-
tence of paragraph (4), subparagraph (A) shall 
not apply to any transfer of such distribution 
made before December 1, 2020.’’. 
(b) INDIVIDUAL RETIREMENT ACCOUNTS.—Section 
408(d)(3) of such Code is amended by adding at the end 
the following new subparagraph: 
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848 
‘‘(J) WAIVER OF 60-DAY RULE AND ONCE 
PER-YEAR LIMITATION FOR CERTAIN 2019 AND 
2020 ROLLOVERS.—In the case of a distribu-
tion during 2019 or 2020 to which, under sub-
paragraph (E), this paragraph would not have 
applied had the minimum distribution require-
ments of section 401(a)(9) applied during such 
years, the 60-day requirement under subpara-
graph (A) and the limitation under subpara-
graph (B) shall not apply to such distribution 
to the extent the amount is paid into an indi-
vidual retirement account, individual retirement 
annuity (other than an endowment contract), or 
eligible retirement plan (as defined in subpara-
graph (A)) as otherwise required under such 
subparagraph before December 1, 2020.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2018. 
SEC. 303. EXCLUSION OF BENEFITS PROVIDED TO VOLUN-
TEER FIREFIGHTERS AND EMERGENCY MED-
ICAL RESPONDERS MADE PERMANENT. 
(a) IN GENERAL.—Section 139B of the Internal Rev-
enue Code of 1986 is amended by striking subsection (d). 
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(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2020. 
SEC. 304. APPLICATION OF SPECIAL RULES TO MONEY PUR-
CHASE PENSION PLANS. 
Section 2202(a)(6)(B) of the Coronavirus Aid, Relief, 
and Economic Security Act is amended by inserting ‘‘, 
and, in the case of a money purchase pension plan, a 
coronavirus-related distribution which is an in-service 
withdrawal shall be treated as meeting the distribution 
rules of section 401(a) of such Code’’ before the period. 
SEC. 305. GRANTS TO ASSIST LOW-INCOME WOMEN AND 
SURVIVORS OF DOMESTIC VIOLENCE IN OB-
TAINING QUALIFIED DOMESTIC RELATIONS 
ORDERS. 
(a) AUTHORIZATION OF GRANT AWARDS.—The Sec-
retary of Labor, acting through the Director of the Wom-
en’s Bureau and in conjunction with the Assistant Sec-
retary of the Employee Benefits Security Administration, 
shall award grants, on a competitive basis, to eligible enti-
ties to enable such entities to assist low-income women 
and survivors of domestic violence in obtaining qualified 
domestic relations orders and ensuring that those women 
actually obtain the benefits to which they are entitled 
through those orders. 
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(b) DEFINITION OF ELIGIBLE ENTITY.—In this sec-
tion, the term ‘‘eligible entity’’ means a community-based 
organization with proven experience and expertise in serv-
ing women and the financial and retirement needs of 
women. 
(c) APPLICATION.—An eligible entity that desires to 
receive a grant under this section shall submit an applica-
tion to the Secretary of Labor at such time, in such man-
ner, and accompanied by such information as the Sec-
retary of Labor may require. 
(d) MINIMUM GRANT AMOUNT.—The Secretary of 
Labor shall award grants under this section in amounts 
of not less than $250,000. 
(e) USE OF FUNDS.—An eligible entity that receives 
a grant under this section shall use the grant funds to 
develop programs to offer help to low-income women or 
survivors of domestic violence who need assistance in pre-
paring, obtaining, and effectuating a qualified domestic re-
lations order. 
(f) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to carry out this section 
$100,000,000 for fiscal year 2020 and each succeeding 
fiscal year. 
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