H. R. 83—638 
(c) The head of the agency posting such report shall do so 
only after such report has been made available to the requesting 
Committee or Committees of Congress for no less than 45 days. 
SEC. 424. Any Federal agency or department that is funded 
under this Act shall respond to any recommendation made to such 
agency or department by the Government Accountability Office 
in a timely manner. 
This division may be cited as the ‘‘Transportation, Housing 
and Urban Development, and Related Agencies Appropriations Act, 
2015’’. 
DIVISION L—FURTHER CONTINUING APPROPRIATIONS, 
2015 
SEC. 101. The Continuing Appropriations Resolution, 2015 
(Public Law 113–164) is amended by— 
(1) striking the date specified in section 106(3) and 
inserting ‘‘February 27, 2015’’; 
(2) striking ‘‘the date specified in section 106(3) of this 
joint resolution’’ in section 144 and inserting ‘‘December 11, 
2014’’; and 
(3) adding after section 149 the following new sections: 
‘‘SEC. 150. (a) Amounts made available by section 101 for 
‘Department of Homeland Security—United States Secret Service— 
Salaries and Expenses’ shall be obligated at a rate for operations 
necessary for Presidential candidate nominee protection. 
‘‘(b) The Secretary of Homeland Security shall notify the 
Committees on Appropriations of the House of Representatives and 
the Senate on each use of the authority provided in this section. 
‘‘SEC. 151. The Department of Homeland Security shall continue 
preparations to award the construction contract for the National 
Bio- and Agro-defense Facility by May 1, 2015.’’. 
SEC. 102. (a) Section 44302(f) of title 49, United States Code, 
is amended by striking ‘‘the date specified in section 106(3) of 
the Continuing Appropriations Resolution, 2015’’ and inserting 
‘‘December 11, 2014’’. 
(b) Section 44303(b) of title 49, United States Code, is amended 
by striking ‘‘the date specified in section 106(3) of the Continuing 
Appropriations Resolution, 2015’’ and inserting ‘‘December 11, 
2014’’. 
(c) Section 44310(a) of title 49, United States Code, is amended 
by striking ‘‘the date specified in section 106(3) of the Continuing 
Appropriations Resolution, 2015’’ and inserting ‘‘December 11, 
2014’’. 
DIVISION M—EXPATRIATE HEALTH COVERAGE 
CLARIFICATION ACT OF 2014 
SEC. 1. SHORT TITLE. 
This division may be cited as the ‘‘Expatriate Health Coverage 
Clarification Act of 2014’’. 
SEC. 2. SENSE OF CONGRESS. 
It is the sense of Congress that— 
(1) American expatriate health insurance companies should 
be permitted to compete on a level playing field in the global 
marketplace;
H. R. 83—639 
(2) the global competitiveness of American companies 
should be encouraged; and 
(3) in implementing the health insurance provider fee under 
section 9010 of the Patient Protection and Affordable Care 
Act (Public Law 111–148; 26 U.S.C. 4001 note prec.) and other 
provisions of such Act and title I and subtitle B of title II 
of the Health Care and Education Reconciliation Act of 2010 
(Public Law 111–152), the Secretary of the Treasury, Secretary 
of Health and Human Services, and Secretary of Labor should 
continue to recognize the unique and multinational features 
of expatriate health plans and the United States companies 
that operate such plans and the competitive pressures of such 
plans and companies. 
SEC. 3. TREATMENT OF EXPATRIATE HEALTH PLANS UNDER ACA. 
(a) IN GENERAL.—Subject to subsection (b), the provisions of 
(including any amendment made by) the Patient Protection and 
Affordable Care Act (Public Law 111–148) and of title I and subtitle 
B of title II of the Health Care and Education Reconciliation Act 
of 2010 (Public Law 111–152) shall not apply with respect to— 
(1) expatriate health plans; 
(2) employers with respect to such plans, solely in their 
capacity as plan sponsors for such plans; or 
(3) expatriate health insurance issuers with respect to cov-
erage offered by such issuers under such plans. 
(b) MINIMUM ESSENTIAL COVERAGE AND REPORTING REQUIRE-
MENTS.— 
(1) IN GENERAL.—For the purpose of section 5000A(f) of 
the Internal Revenue Code of 1986, and any other section 
of the Internal Revenue Code of 1986 that incorporates the 
definition of minimum essential coverage under such section 
5000A(f) by reference: 
(A) An expatriate health plan offered to primary 
enrollees who are described in subsections (d)(3)(A) and 
(d)(3)(B) of this section shall be treated as an eligible 
employer sponsored plan under 5000A(f)(2) of such Code. 
(B) An expatriate health plan offered to primary 
enrollees who are described in subsection (d)(3)(C) of this 
section shall be treated as a plan in the individual market 
under section 5000A(f)(1)(C) of such Code. This subpara-
graph shall apply solely for the purposes of sections 36B, 
5000A, and 6055 of such Code. 
(2) EXCEPTION.—Subsection (a) shall not apply with respect 
to section 6055 of the Internal Revenue Code of 1986, or sections 
4980H and 6056 of such Code in the case of an applicable 
large employer (as defined in section 4980H of such Code), 
except that statements furnished to individuals may be pro-
vided through electronic media and the primary insured shall 
be deemed to have consented to receive the statements under 
such sections in electronic form, unless the individual explicitly 
refuses such consent. Notwithstanding subsection (a), section 
4980I of the Internal Revenue Code of 1986 shall continue 
to apply with respect to applicable employer-sponsored coverage 
(as defined in such section) of a qualified expatriate described 
in section 3(d)(3)(A)(i) who is assigned (rather than transferred) 
to work in the United States.
H. R. 83—640 
(c) QUALIFIED EXPATRIATES, SPOUSES, AND DEPENDENTS NOT 
UNITED STATES HEALTH RISK.— 
(1) IN
GENERAL.—For purposes of section 9010 of the 
Patient Protection and Affordable Care Act (26 U.S.C. 4001 
note prec.), for calendar years after 2015, a qualified expatriate 
(and any spouse, dependent, or any other individual enrolled 
in the plan) enrolled in an expatriate health plan shall not 
be considered a United States health risk. 
(2) SPECIAL RULE.—Notwithstanding paragraph (1), the fee 
under section 9010 of such Act for each of calendar years 
2014 and 2015 with respect to any expatriate health insurance 
issuer shall be the amount which bears the same ratio to 
the fee amount determined by the Secretary of the Treasury 
with respect to such issuer under such section for each such 
year (determined without regard to this paragraph) as— 
(A) the amount of premiums taken into account under 
such section with respect to such issuer for each such 
year, less the amount of premiums for expatriate health 
plans taken into account under such section with respect 
to such issuer for each such year, bears to 
(B) the amount of premiums taken into account under 
such section with respect to such issuer for each such 
year. 
(d) DEFINITIONS.—In this section: 
(1) EXPATRIATE
HEALTH
INSURANCE
ISSUER.—The term 
‘‘expatriate health insurance issuer’’ means a health insurance 
issuer that issues expatriate health plans. 
(2) EXPATRIATE HEALTH PLAN.—The term ‘‘expatriate health 
plan’’ means a group health plan, health insurance coverage 
offered in connection with a group health plan, or health insur-
ance coverage offered to a group of individuals described in 
paragraph (3)(C) (which may include spouses, dependents, and 
other individuals enrolled in the plan) that meets each of the 
following standards: 
(A) Substantially all of the primary enrollees in such 
plan or coverage are qualified expatriates with respect 
to such plan or coverage. In applying the previous sentence, 
an individual shall not be considered a primary enrollee 
if the individual is not a national of the United States 
and the individual resides in the country of which the 
individual is a citizen. 
(B) Substantially all of the benefits provided under 
the plan or coverage are not excepted benefits described 
in section 9832(c) of the Internal Revenue Code of 1986. 
(C) The plan or coverage provides coverage for 
inpatient hospital services, outpatient facility services, 
physician services, and emergency services (comparable to 
such emergency services coverage described in and offered 
under section 8903(1) of title 5, United States Code for 
plan year 2009)— 
(i) in the case of individuals described in paragraph 
(3)(A), both in the United States and in the country 
or countries from which the individual was transferred 
or assigned (accounting for flexibility needed with 
existing coverage), and such other country or countries 
as the Secretary of Health and Human Services, in 
consultation with the Secretary of the Treasury and
H. R. 83—641 
the Secretary of Labor, may designate (after taking 
into account the barriers and prohibitions to providing 
health care services in the countries as designated); 
(ii) in the case of individuals described in para-
graph (3)(B), in the country or countries in which the 
individual is present in connection with the individual’s 
employment, and such other country or countries as 
the Secretary of Health and Human Services, in con-
sultation with the Secretary of the Treasury and the 
Secretary of Labor, may designate; or 
(iii) in the case of individuals described in para-
graph (3)(C), in the country or countries as the Sec-
retary of Health and Human Services, in consultation 
with the Secretary of the Treasury and the Secretary 
of Labor, may designate. 
(D) The plan sponsor reasonably believes that the bene-
fits provided by the expatriate health plan satisfy a 
standard at least actuarially equivalent to the level pro-
vided for in section 36B(c)(2)(C)(ii) of the Internal Revenue 
Code of 1986. 
(E) If the plan or coverage provides dependent coverage 
of children, the plan or coverage makes such dependent 
coverage available for adult children until the adult child 
turns 26 years of age, unless such individual is the child 
of a child receiving dependent coverage. 
(F) The plan or coverage— 
(i) is issued by an expatriate health plan issuer, 
or administered by an administrator, that together 
with any other person in the expatriate health plan 
issuer’s 
or 
administrator’s 
controlled 
group 
(as 
described in section 9010 of the Patient Protection 
and Affordable Care Act (and the regulations promul-
gated thereunder)), has licenses to sell insurance in 
more than two countries, and, with respect to such 
plan, coverage, or company in the controlled group— 
(I) maintains network provider agreements 
that provide for direct claims payments, directly 
or through third party contracts, with health care 
providers in eight or more countries; 
(II) maintains call centers, directly or through 
third party contracts, in three or more countries 
and accepts calls from customers in eight or more 
languages; 
(III) processes (in the aggregate together with 
other plans or coverage it issues or administers) 
at least $1,000,000 in claims in foreign currency 
equivalents each year; 
(IV) makes available (directly or through third 
party contracts) global evacuation/repatriation cov-
erage; and 
(V) maintains legal and compliance resources 
in three or more countries; and 
(ii) offers reimbursements for items or services 
under such plan or coverage in the local currency in 
eight or more countries. 
(G) The plan or coverage, and the plan sponsor or 
expatriate health insurance issuer with respect to such
H. R. 83—642 
plan or coverage, satisfies the provisions of title XXVII 
of the Public Health Service Act (42 U.S.C. 300gg et seq.), 
chapter 100 of the Internal Revenue Code of 1986, and 
part 7 of subtitle B of title I of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1181 et seq.), which 
would otherwise apply to such a plan or coverage, and 
sponsor or issuer, if not for the enactment of the Patient 
Protection and Affordable Care Act and title I and subtitle 
B of title II of the Health Care and Education Reconciliation 
Act of 2010. 
(3) QUALIFIED
EXPATRIATE.—The term ‘‘qualified expa-
triate’’ means a primary insured, or individual otherwise 
described in subparagraph (C)— 
(A)(i) whose skills, qualifications, job duties, or exper-
tise is of a type that has caused his or her employer 
to transfer or assign him or her to the United States 
for a specific and temporary purpose or assignment tied 
to his or her employment; and 
(ii) in connection with such transfer or assignment, 
is reasonably determined by the plan sponsor to require 
access to health insurance and other related services and 
support in multiple countries, and is offered other multi-
national benefits on a periodic basis (such as tax equali-
zation, compensation for cross border moving expenses, 
or compensation to enable the expatriate to return to their 
home country); 
(B) who is working outside of the United States for 
a period of at least 180 days in a consecutive 12-month 
period that overlaps with the plan year; or 
(C) who is a member of a group of similarly situated 
individuals— 
(i) that is formed for the purpose of traveling or 
relocating internationally in service of one or more 
of the purposes listed in section 501(c)(3) or 501(c)(4) 
of the Internal Revenue Code of 1986, or similarly 
situated organizations or groups (such as students or 
religious missionaries); 
(ii) that is not formed primarily for the sale of 
health insurance coverage; and 
(iii) that the Secretary of Health and Human Serv-
ices, in consultation with the Secretary of the Treasury 
and the Secretary of Labor, determines requires access 
to health insurance and other related services and 
support in multiple countries. 
(4) UNITED STATES.—The term ‘‘United States’’ means the 
50 States, the District of Columbia, and Puerto Rico. 
(5) MISCELLANEOUS TERMS.— 
(A) GROUP
HEALTH
PLAN; HEALTH
INSURANCE
COV-
ERAGE; HEALTH
INSURANCE
ISSUER; PLAN
SPONSOR.—The 
terms ‘‘group health plan’’, ‘‘health insurance coverage’’, 
‘‘health insurance issuer’’, and ‘‘plan sponsor’’ have the 
meanings given those terms in section 2791 of the Public 
Health Service Act (42 U.S.C. 300gg–91). 
(B) 
TRANSFER.—The 
term 
‘‘transfer’’ 
means 
an 
employer has transferred an employee to perform services 
for a branch of the same employer or a parent, affiliate, 
franchise, or subsidiary thereof.
H. R. 83—643 
(e) REGULATIONS.—The Secretary of the Treasury, the Secretary 
of Health and Human Services, and the Secretary of Labor may 
promulgate regulations necessary to carry out this Act, including 
such rules as may be necessary to prevent inappropriate expansion 
of the application of the exclusions under this Act from applicable 
laws and regulations, and to amend existing annual reporting 
requirements or procedures to include applicable qualified expa-
triate health insurers’ total number of expatriate plan enrollees. 
(f) EFFECTIVE DATE.—Unless otherwise specified, this Act shall 
take effect on the date of enactment of this Act, and shall apply 
only to expatriate health plans issued or renewed on or after July 
1, 2015. 
DIVISION N—OTHER MATTERS 
SEC. 101. SEPARATE CONTRIBUTION LIMITS FOR CONTRIBUTIONS 
MADE TO NATIONAL PARTIES TO SUPPORT PRESIDENTIAL 
NOMINATING CONVENTIONS, NATIONAL PARTY HEAD-
QUARTERS BUILDINGS, AND RECOUNTS. 
(a) SEPARATE LIMITS.—Section 315(a) of the Federal Election 
Campaign Act of 1971 (52 U.S.C. 30116(a)) is amended— 
(1) in paragraph (1)(B), by striking the semicolon at the 
end and inserting the following: ‘‘, or, in the case of contribu-
tions made to any of the accounts described in paragraph 
(9), exceed 300 percent of the amount otherwise applicable 
under this subparagraph with respect to such calendar year;’’; 
(2) in paragraph (2)(B), by striking the semicolon at the 
end and inserting the following: ‘‘, or, in the case of contribu-
tions made to any of the accounts described in paragraph 
(9), exceed 300 percent of the amount otherwise applicable 
under this subparagraph with respect to such calendar year;’’; 
and 
(3) by adding at the end the following new paragraph: 
‘‘(9) An account described in this paragraph is any of the 
following accounts: 
‘‘(A) A separate, segregated account of a national committee 
of a political party (other than a national congressional cam-
paign committee of a political party) which is used solely to 
defray expenses incurred with respect to a presidential nomi-
nating convention (including the payment of deposits) or to 
repay loans the proceeds of which were used to defray such 
expenses, or otherwise to restore funds used to defray such 
expenses, except that the aggregate amount of expenditures 
the national committee of a political party may make from 
such account may not exceed $20,000,000 with respect to any 
single convention. 
‘‘(B) A separate, segregated account of a national committee 
of a political party (including a national congressional campaign 
committee of a political party) which is used solely to defray 
expenses incurred with respect to the construction, purchase, 
renovation, operation, and furnishing of one or more head-
quarters buildings of the party or to repay loans the proceeds 
of which were used to defray such expenses, or otherwise to 
restore funds used to defray such expenses (including expenses 
for obligations incurred during the 2-year period which ends 
on the date of the enactment of this paragraph).
H. R. 83—644 
‘‘(C) A separate, segregated account of a national committee 
of a political party (including a national congressional campaign 
committee of a political party) which is used to defray expenses 
incurred with respect to the preparation for and the conduct 
of election recounts and contests and other legal proceedings.’’. 
(b) CONFORMING AMENDMENT RELATING TO DETERMINATION OF 
COORDINATED EXPENDITURE LIMITATIONS.—Section 315(d) of such 
Act (52 U.S.C. 30116(d)) is amended by adding at the end the 
following new paragraph: 
‘‘(5) The limitations contained in paragraphs (2), (3), and (4) 
of this subsection shall not apply to expenditures made from any 
of the accounts described in subsection (a)(9).’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to funds that are solicited, received, trans-
ferred, or spent on or after the date of the enactment of this 
section. 
SEC. 102. MODIFICATION OF TREATMENT OF CERTAIN HEALTH 
ORGANIZATIONS. 
(a) IN GENERAL.—Paragraph (5) of section 833(c) of the Internal 
Revenue Code of 1986 is amended— 
(1) by striking ‘‘this section’’ and inserting ‘‘paragraphs 
(2) and (3) of subsection (a)’’, and 
(2) by inserting ‘‘and for activities that improve health 
care quality’’ after ‘‘clinical services’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply to taxable years beginning after December 31, 2009. 
SEC. 103. BUDGETARY EFFECTS. 
(a) STATUTORY PAY-AS-YOU-GO SCORECARDS.—The budgetary 
effects of division M and sections 101 and 102 of division N shall 
not be entered on either PAYGO scorecard maintained pursuant 
to section 4(d) of the Statutory Pay-As-You-Go Act of 2010. 
(b) SENATE
PAY-AS-YOU-GO
SCORECARDS.—The budgetary 
effects of division M and sections 101 and 102 of division N shall 
not be entered on any PAYGO scorecard maintained for purposes 
of section 201 of S. Con. Res. 21 (110th Congress). 
(c) CLASSIFICATION OF BUDGETARY EFFECTS.—Notwithstanding 
Rule 3 of the Budget Scorekeeping Guidelines set forth in the 
joint explanatory statement of the committee of conference accom-
panying Conference Report 105–217 and section 250(c)(8) of the 
Balanced Budget and Emergency Deficit Control Act of 1985, the 
budgetary effects of division M and sections 101 and 102 of division 
N shall not be estimated— 
(1) for purposes of section 251 of such Act; and 
(2) for purposes of paragraph 4(C) of section 3 of the Statu-
tory Pay-As-You-Go Act of 2010 as being included in an appro-
priation Act. 
DIVISION O—MULTIEMPLOYER PENSION REFORM 
SEC. 1. SHORT TITLE. 
This division may be cited as the ‘‘Multiemployer Pension 
Reform Act of 2014’’.
H. R. 83—645 
SEC. 2. TABLE OF CONTENTS. 
The table of contents for this division is as follows: 
Sec. 1. Short title. 
Sec. 2. Table of Contents. 
TITLE I—MODIFICATIONS TO MULTIEMPLOYER PLAN RULES 
Subtitle A—Amendments to Pension Protection Act of 2006 
Sec. 101. Repeal of sunset of PPA funding rules. 
Sec. 102. Election to be in critical status. 
Sec. 103. Clarification of rule for emergence from critical status. 
Sec. 104. Endangered status not applicable if no additional action is required. 
Sec. 105. Correct endangered status funding improvement plan target funded per-
centage. 
Sec. 106. Conforming endangered status and critical status rules during funding 
improvement and rehabilitation plan adoption periods. 
Sec. 107. Corrective plan schedules when parties fail to adopt in bargaining. 
Sec. 108. Repeal of reorganization rules for multiemployer plans. 
Sec. 109. Disregard of certain contribution increases for withdrawal liability pur-
poses. 
Sec. 110. Guarantee for pre-retirement survivor annuities under multiemployer 
pension plans. 
Sec. 111. Required disclosure of multiemployer plan information. 
Subtitle B—Multiemployer Plan Mergers and Partitions 
Sec. 121. Mergers. 
Sec. 122. Partitions of eligible multiemployer plans. 
Subtitle C—Strengthening the Pension Benefit Guaranty Corporation 
Sec. 131. Premium increases for multiemployer plans. 
TITLE II—REMEDIATION MEASURES FOR DEEPLY TROUBLED PLANS 
Sec. 201. Conditions, limitations, distribution and notice requirements, and ap-
proval process for benefit suspensions under multiemployer plans in 
critical and declining status. 
TITLE I—MODIFICATIONS TO 
MULTIEMPLOYER PLAN RULES 
Subtitle A—Amendments to Pension 
Protection Act of 2006 
SEC. 101. REPEAL OF SUNSET OF PPA FUNDING RULES. 
(a) IN GENERAL.—Subtitle C of title II of the Pension Protection 
Act of 2006 (26 U.S.C. 412 note) is repealed. 
(b) CONFORMING AMENDMENTS.— 
(1) AMENDMENT TO EMPLOYEE RETIREMENT INCOME SECU-
RITY ACT OF 1974.—Section 304(d)(1) of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1084) is amended by 
striking subparagraph (C). 
(2) AMENDMENT
TO
INTERNAL
REVENUE
CODE.—Section 
431(d)(1) of the Internal Revenue Code of 1986 is amended 
by striking subparagraph (C). 
SEC. 102. ELECTION TO BE IN CRITICAL STATUS. 
(a) AMENDMENTS TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.— 
(1) IN GENERAL.—Section 305(b) of the Employee Retire-
ment Income Security Act of 1974 (29 U.S.C. 1085(b)) is 
amended by adding at the end the following:
H. R. 83—646 
‘‘(4) ELECTION TO BE IN CRITICAL STATUS.—Notwithstanding 
paragraph (2) and subject to paragraph (3)(B)(iv)— 
‘‘(A) the plan sponsor of a multiemployer plan that 
is not in critical status for a plan year but that is projected 
by the plan actuary, pursuant to the determination under 
paragraph (3), to be in critical status in any of the suc-
ceeding 5 plan years may, not later than 30 days after 
the date of the certification under paragraph (3)(A), elect 
to be in critical status effective for the current plan year, 
‘‘(B) the plan year in which the plan sponsor elects 
to be in critical status under subparagraph (A) shall be 
treated for purposes of this section as the first year in 
which the plan is in critical status, regardless of the date 
on which the plan first satisfies the criteria for critical 
status under paragraph (2), and 
‘‘(C) a plan that is in critical status under this para-
graph shall not emerge from critical status except in accord-
ance with subsection (e)(4)(B).’’. 
(2) ANNUAL CERTIFICATION.— 
(A) IN GENERAL.—Section 305(b)(3)(A)(i) of such Act 
(29 U.S.C. 1085(b)(3)(A)(i)) is amended by striking ‘‘, and’’ 
and inserting ‘‘or for any of the succeeding 5 plan years, 
and’’. 
(B) ACTUARIAL PROJECTIONS.—Section 305(b)(3)(B) of 
such Act (29 U.S.C. 1085(b)(3)(B)) is amended— 
(i) in clause (i), by striking ‘‘In making the deter-
minations’’ and inserting ‘‘Except as provided in clause 
(iv), in making the determinations’’; and 
(ii) by adding at the end the following: 
‘‘(iv) PROJECTIONS RELATING TO CRITICAL STATUS 
IN SUCCEEDING PLAN YEARS.—Clauses (i) and (ii) (other 
than the 2nd sentence of clause (i)) may be disregarded 
by a plan actuary in the case of any certification of 
whether a plan will be in critical status in a succeeding 
plan year, except that a plan sponsor may not elect 
to be in critical status for a plan year under paragraph 
(4) in any case in which the certification upon which 
such election would be based is made without regard 
to such clauses.’’. 
(3) NOTICE.— 
(A) OF ELECTION TO BE IN CRITICAL STATUS.—Section 
305(b)(3)(D)(i) of such Act (29 U.S.C. 1085(b)(3)(D)(i)) is 
amended— 
(i) by inserting after ‘‘for a plan year’’ the following: 
‘‘or in which a plan sponsor elects to be in critical 
status for a plan year under paragraph (4)’’; and 
(ii) by adding at the end the following: ‘‘In any 
case in which a plan sponsor elects to be in critical 
status for a plan year under paragraph (4), the plan 
sponsor shall notify the Secretary of the Treasury of 
such election not later than 30 days after the date 
of such certification or such other time as the Secretary 
of the Treasury may prescribe by regulations or other 
guidance.’’ 
(B) OF PROJECTION TO BE IN CRITICAL STATUS IN A 
FUTURE PLAN YEAR.—Section 305(b)(3)(D) of such Act (29
H. R. 83—647 
U.S.C. 1085(b)(3)(D)) is amended by adding at the end 
the following: 
‘‘(iv) NOTICE
OF
PROJECTION
TO
BE
IN
CRITICAL 
STATUS IN A FUTURE PLAN YEAR.—In any case in which 
it is certified under subparagraph (A)(i) that a multi-
employer plan will be in critical status for any of 
5 succeeding plan years (but not for the current plan 
year) and the plan sponsor of such plan has not made 
an election to be in critical status for the plan year 
under paragraph (4), the plan sponsor shall, not later 
than 30 days after the date of the certification, provide 
notification of the projected critical status to the Pen-
sion Benefit Guaranty Corporation.’’. 
(b) AMENDMENTS TO INTERNAL REVENUE CODE.— 
(1) IN GENERAL.—Section 432(b) of the Internal Revenue 
Code of 1986 is amended by adding at the end the following: 
‘‘(4) ELECTION TO BE IN CRITICAL STATUS.—Notwithstanding 
paragraph (2) and subject to paragraph (3)(B)(iv)— 
‘‘(A) the plan sponsor of a multiemployer plan that 
is not in critical status for a plan year but that is projected 
by the plan actuary, pursuant to the determination under 
paragraph (3), to be in critical status in any of the suc-
ceeding 5 plan years may, not later than 30 days after 
the date of the certification under paragraph (3)(A), elect 
to be in critical status effective for the current plan year, 
‘‘(B) the plan year in which the plan sponsor elects 
to be in critical status under subparagraph (A) shall be 
treated for purposes of this section as the first year in 
which the plan is in critical status, regardless of the date 
on which the plan first satisfies the criteria for critical 
status under paragraph (2), and 
‘‘(C) a plan that is in critical status under this para-
graph shall not emerge from critical status except in accord-
ance with subsection (e)(4)(B).’’. 
(2) ANNUAL CERTIFICATION.— 
(A) IN GENERAL.—Section 432(b)(3)(A)(i) of such Code 
is amended by striking ‘‘, and’’ and inserting ‘‘or for any 
of the succeeding 5 plan years, and’’. 
(B) ACTUARIAL PROJECTIONS.—Section 432(b)(3)(B) of 
such Code is amended— 
(i) in clause (i), by striking ‘‘In making the deter-
minations’’ and inserting ‘‘Except as provided in clause 
(iv), in making the determinations’’; and 
(ii) by adding at the end the following: 
‘‘(iv) PROJECTIONS RELATING TO CRITICAL STATUS 
IN SUCCEEDING PLAN YEARS.—Clauses (i) and (ii) (other 
than the 2nd sentence of clause (i)) may be disregarded 
by a plan actuary in the case of any certification of 
whether a plan will be in critical status in a succeeding 
plan year, except that a plan sponsor may not elect 
to be in critical status for a plan year under paragraph 
(4) in any case in which the certification upon which 
such election would be based is made without regard 
to such clauses.’’. 
(3) NOTICE.— 
(A) OF ELECTION TO BE IN CRITICAL STATUS.—Section 
432(b)(3)(D)(i) of such Code is amended—
H. R. 83—648 
(i) by inserting after ‘‘for a plan year’’ the following: 
‘‘or in which a plan sponsor elects to be in critical 
status for a plan year under paragraph (4)’’; and 
(ii) by adding at the end the following: ‘‘In any 
case in which a plan sponsor elects to be in critical 
status for a plan year under paragraph (4), the plan 
sponsor shall notify the Secretary of such election not 
later than 30 days after the date of such certification 
or such other time as the Secretary may prescribe 
by regulations or other guidance.’’. 
(B) OF PROJECTION TO BE IN CRITICAL STATUS IN A 
FUTURE PLAN YEAR.—Section 432(b)(3)(D) of such Code is 
amended by adding at the end the following: 
‘‘(iv) NOTICE
OF
PROJECTION
TO
BE
IN
CRITICAL 
STATUS IN A FUTURE PLAN YEAR.—In any case in which 
it is certified under subparagraph (A)(i) that a multi-
employer plan will be in critical status for any of 
5 succeeding plan years (but not for the current plan 
year) and the plan sponsor of such plan has not made 
an election to be in critical status for the plan year 
under paragraph (4), the plan sponsor shall, not later 
than 30 days after the date of the certification, provide 
notification of the projected critical status to the Pen-
sion Benefit Guaranty Corporation.’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
SEC. 103. CLARIFICATION OF RULE FOR EMERGENCE FROM CRITICAL 
STATUS. 
(a) AMENDMENT TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.—Section 305(e)(4)(B) of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1085(e)(4)(B)) is amended 
to read as follows: 
‘‘(B) EMERGENCE.— 
‘‘(i) IN GENERAL.—A plan in critical status shall 
remain in such status until a plan year for which 
the plan actuary certifies, in accordance with sub-
section (b)(3)(A), that— 
‘‘(I) the plan is not described in one or more 
of the subparagraphs in subsection (b)(2) as of 
the beginning of the plan year; 
‘‘(II) the plan is not projected to have an 
accumulated funding deficiency for the plan year 
or any of the 9 succeeding plan years, without 
regard to the use of the shortfall method but taking 
into account any extension of amortization periods 
under section 304(d)(2) or section 304 (as in effect 
prior to the enactment of the Pension Protection 
Act of 2006); and 
‘‘(III) the plan is not projected to become insol-
vent within the meaning of section 4245 for any 
of the 30 succeeding plan years. 
‘‘(ii) PLANS
WITH
CERTAIN
AMORTIZATION
EXTEN-
SIONS.— 
‘‘(I) 
SPECIAL
EMERGENCE
RULE.—Notwith-
standing clause (i), a plan in critical status that
H. R. 83—649 
has an automatic extension of amortization periods 
under section 304(d)(1) shall no longer be in critical 
status if the plan actuary certifies for a plan year, 
in accordance with subsection (b)(3)(A), that— 
‘‘(aa) the plan is not projected to have 
an accumulated funding deficiency for the plan 
year or any of the 9 succeeding plan years, 
without regard to the use of the shortfall 
method but taking into account any extension 
of 
amortization 
periods 
under 
section 
304(d)(1); and 
‘‘(bb) the plan is not projected to become 
insolvent within the meaning of section 4245 
for any of the 30 succeeding plan years, 
regardless of whether the plan is described in one 
or more of the subparagraphs in subsection (b)(2) 
as of the beginning of the plan year. 
‘‘(II) REENTRY INTO CRITICAL STATUS.—A plan 
that emerges from critical status under subclause 
(I) shall not reenter critical status for any subse-
quent plan year unless— 
‘‘(aa) the plan is projected to have an 
accumulated funding deficiency for the plan 
year or any of the 9 succeeding plan years, 
without regard to the use of the shortfall 
method but taking into account any extension 
of amortization periods under section 304(d); 
or 
‘‘(bb) the plan is projected to become insol-
vent within the meaning of section 4245 for 
any of the 30 succeeding plan years.’’. 
(b) AMENDMENT TO THE INTERNAL REVENUE CODE.—Section 
432(e)(4)(B) of the Internal Revenue Code of 1986 is amended 
to read as follows: 
‘‘(B) EMERGENCE.— 
‘‘(i) IN GENERAL.—A plan in critical status shall 
remain in such status until a plan year for which 
the plan actuary certifies, in accordance with sub-
section (b)(3)(A), that— 
‘‘(I) the plan is not described in one or more 
of the subparagraphs in subsection (b)(2) as of 
the beginning of the plan year, 
‘‘(II) the plan is not projected to have an 
accumulated funding deficiency for the plan year 
or any of the 9 succeeding plan years, without 
regard to the use of the shortfall method but taking 
into account any extension of amortization periods 
under section 431(d)(2) or section 412(e) (as in 
effect prior to the enactment of the Pension Protec-
tion Act of 2006), and 
‘‘(III) the plan is not projected to become insol-
vent within the meaning of section 418E for any 
of the 30 succeeding plan years. 
‘‘(ii) PLANS
WITH
CERTAIN
AMORTIZATION
EXTEN-
SIONS.— 
‘‘(I) 
SPECIAL
EMERGENCE
RULE.—Notwith-
standing clause (i), a plan in critical status that
H. R. 83—650 
has an automatic extension of amortization periods 
under section 431(d)(1) shall no longer be in critical 
status if the plan actuary certifies for a plan year, 
in accordance with subsection (b)(3)(A), that— 
‘‘(aa) the plan is not projected to have 
an accumulated funding deficiency for the plan 
year or any of the 9 succeeding plan years, 
without regard to the use of the shortfall 
method but taking into account any extension 
of 
amortization 
periods 
under 
section 
431(d)(1), and 
‘‘(bb) the plan is not projected to become 
insolvent within the meaning of section 418E 
for any of the 30 succeeding plan years, 
regardless of whether the plan is described in one 
or more of the subparagraphs in subsection (b)(2) 
as of the beginning of the plan year. 
‘‘(II) REENTRY INTO CRITICAL STATUS.—A plan 
that emerges from critical status under subclause 
(I) shall not reenter critical status for any subse-
quent plan year unless— 
‘‘(aa) the plan is projected to have an 
accumulated funding deficiency for the plan 
year or any of the 9 succeeding plan years, 
without regard to the use of the shortfall 
method but taking into account any extension 
of amortization periods under section 431(d), 
or 
‘‘(bb) the plan is projected to become insol-
vent within the meaning of section 418E for 
any of the 30 succeeding plan years.’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
SEC. 104. ENDANGERED STATUS NOT APPLICABLE IF NO ADDITIONAL 
ACTION IS REQUIRED. 
(a) AMENDMENTS TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.— 
(1) IN GENERAL.—Section 305(b) of the Employee Retire-
ment Income Security Act of 1974 (29 U.S.C. 1085(b)), as 
amended by section 102, is further amended— 
(A) in paragraph (1), by striking ‘‘the plan is not in 
critical status for the plan year’’ and inserting ‘‘the plan 
is not in critical status for the plan year and is not 
described in paragraph (5),’’; and 
(B) by adding at the end the following: 
‘‘(5) SPECIAL RULE.—A plan is described in this paragraph 
if— 
‘‘(A) as part of the actuarial certification of endangered 
status under paragraph (3)(A) for the plan year, the plan 
actuary certifies that the plan is projected to no longer 
be described in either paragraph (1)(A) or paragraph (1)(B) 
as of the end of the tenth plan year ending after the 
plan year to which the certification relates, and 
‘‘(B) the plan was not in critical or endangered status 
for the immediately preceding plan year.’’.
H. R. 83—651 
(2) NOTICE.—Section 305(b)(3)(D) of such Act (29 U.S.C. 
1085(b)(3)(D)) is amended— 
(A) by redesignating clause (iii) and clause (iv) (as 
added by section 102(a)(3)(B)) as clauses (iv) and (v), respec-
tively; and 
(B) by inserting after clause (ii) the following: 
‘‘(iii) In the case of a multiemployer plan that 
would be in endangered status but for paragraph (5), 
the plan sponsor shall provide notice to the bargaining 
parties and the Pension Benefit Guaranty Corporation 
that the plan would be in endangered status but for 
such paragraph.’’. 
(C) in clause (iv) (as redesignated by subparagraph 
(A)), by striking ‘‘clause (ii)’’ and inserting ‘‘clauses (ii) 
and (iii)’’. 
(3) CONFORMING
AMENDMENT.—Section 305(b)(3)(A)(i) of 
such Act (29 U.S.C. 1085(b)(3)(A)(i)) is amended by inserting 
after ‘‘endangered status for a plan year’’ the following: ‘‘, 
or would be in endangered status for such plan year but for 
paragraph (5),’’. 
(b) AMENDMENTS TO INTERNAL REVENUE CODE OF 1986.— 
(1) IN GENERAL.—Section 432(b) of the Internal Revenue 
Code of 1986, as amended by section 102, is further amended— 
(A) in paragraph (1), by striking ‘‘the plan is not in 
critical status for the plan year’’ and inserting ‘‘the plan 
is not in critical status for the plan year and is not 
described in paragraph (5),’’; and 
(B) by adding at the end the following: 
‘‘(5) SPECIAL RULE.—A plan is described in this paragraph 
if— 
‘‘(A) as part of the actuarial certification of endangered 
status under paragraph (3)(A) for the plan year, the plan 
actuary certifies that the plan is projected to no longer 
be described in either paragraph (1)(A) or paragraph (1)(B) 
as of the end of the tenth plan year ending after the 
plan year to which the certification relates, and 
‘‘(B) the plan was not in critical or endangered status 
for the immediately preceding plan year.’’. 
(2) 
NOTICE.—Section 
432(b)(3)(D) 
of 
such 
Code 
is 
amended— 
(A) by redesignating clause (iii) and clause (iv) (as 
added by section 102(b)(3)(B)) as clauses (iv) and (v), respec-
tively; and 
(B) by inserting after clause (ii) the following: 
‘‘(iii) In the case of a multiemployer plan that 
would be in endangered status but for paragraph (5), 
the plan sponsor shall provide notice to the bargaining 
parties and the Pension Benefit Guaranty Corporation 
that the plan would be in endangered status but for 
such paragraph.’’. 
(C) in clause (iv) (as redesignated by subparagraph 
(A)), by striking ‘‘clause (ii)’’ and inserting ‘‘clauses (ii) 
and (iii)’’. 
(3) CONFORMING
AMENDMENT.—Section 432(b)(3)(A)(i) of 
such Code is amended by inserting after ‘‘endangered status 
for a plan year’’ the following: ‘‘, or would be in endangered 
status for such plan year but for paragraph (5),’’.
H. R. 83—652 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
SEC. 105. CORRECT ENDANGERED STATUS FUNDING IMPROVEMENT 
PLAN TARGET FUNDED PERCENTAGE. 
(a) AMENDMENT TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT
OF 1974.—Section 305(c)(3)(A) of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1085(c)(3)(A)) is amended— 
(1) in clause (i)(I), by striking ‘‘of such period’’ and inserting 
‘‘of the first plan year for which the plan is certified to be 
in endangered status pursuant to paragraph (b)(3)’’; and 
(2) in clause (ii), by striking ‘‘any plan year’’ and inserting 
‘‘the last plan year’’. 
(b) 
AMENDMENT
TO
INTERNAL
REVENUE
CODE.—Section 
432(c)(3)(A) of the Internal Revenue Code of 1986 is amended— 
(1) in clause (i)(I), by striking ‘‘of such period’’ and inserting 
‘‘of the first plan year for which the plan is certified to be 
in endangered status pursuant to paragraph (b)(3)’’; and 
(2) in clause (ii), by striking ‘‘any plan year’’ and inserting 
‘‘the last plan year’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
SEC. 106. CONFORMING ENDANGERED STATUS AND CRITICAL STATUS 
RULES 
DURING 
FUNDING 
IMPROVEMENT 
AND 
REHABILITATION PLAN ADOPTION PERIODS. 
(a) AMENDMENTS TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.—Section 305(d) of the Employee Retirement Income 
Security Act of 1974 (29 U.S.C. 1085(d)) is amended to read as 
follows: 
‘‘(d) RULES FOR OPERATION OF PLAN DURING ADOPTION AND 
IMPROVEMENT PERIODS.— 
‘‘(1) COMPLIANCE WITH FUNDING IMPROVEMENT PLAN.— 
‘‘(A) IN GENERAL.—A plan may not be amended after 
the date of the adoption of a funding improvement plan 
under subsection (c) so as to be inconsistent with the 
funding improvement plan. 
‘‘(B) SPECIAL RULES FOR BENEFIT INCREASES.—A plan 
may not be amended after the date of the adoption of 
a funding improvement plan under subsection (c) so as 
to increase benefits, including future benefit accruals, 
unless the plan actuary certifies that such increase is paid 
for out of additional contributions not contemplated by 
the funding improvement plan, and, after taking into 
account the benefit increase, the multiemployer plan still 
is reasonably expected to meet the applicable benchmark 
on the schedule contemplated in the funding improvement 
plan. 
‘‘(2) SPECIAL RULES FOR PLAN ADOPTION PERIOD.—During 
the period beginning on the date of the certification under 
subsection (b)(3)(A) for the initial determination year and 
ending on the date of the adoption of a funding improvement 
plan— 
‘‘(A) the plan sponsor may not accept a collective bar-
gaining agreement or participation agreement with respect 
to the multiemployer plan that provides for—
H. R. 83—657 
‘‘(II) after receiving one or more updated 
schedules from the plan sponsor under subpara-
graph (B)(ii), the bargaining parties with respect 
to such agreement fail to adopt a contribution 
schedule with terms consistent with the updated 
rehabilitation plan and a schedule from the plan 
sponsor, 
then the contribution schedule applicable under the 
expired collective bargaining agreement, as updated 
and in effect on the date the collective bargaining 
agreement expires, shall be implemented by the plan 
sponsor beginning on the date specified in clause (iii). 
‘‘(iii) DATE OF IMPLEMENTATION.—The date speci-
fied in this subparagraph is the date which is 180 
days after the date on which the collective bargaining 
agreement described in clause (ii) or (iii) expires.’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
SEC. 108. REPEAL OF REORGANIZATION RULES FOR MULTIEMPLOYER 
PLANS. 
(a) AMENDMENTS TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.— 
(1) IN
GENERAL.—Sections 4241, 4242, 4243, 4244, and 
4244A of the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1421; 1422; 1423; 1424; 1425) are repealed. 
(2) MODIFICATION OF INSOLVENCY RULES.—Section 4245 of 
such Act (29 U.S.C. 1426) is amended— 
(A) by striking ‘‘reorganization’’ each place it appears 
and inserting ‘‘critical status, as described in subsection 
305(b)(2),’’; 
(B) in subsection (c)(2)— 
(i) by striking ‘‘The suspension’’ and inserting ‘‘(A) 
The suspension’’; 
(ii) by striking ‘‘(within the meaning of section 
4241(b)(6))’’; and 
(iii) by adding at the end the following: 
‘‘(B) For purposes of this paragraph— 
‘‘(i) the term ‘person in pay status’ means— 
‘‘(I) a participant or beneficiary on the last day 
of the base plan year who, at any time during such 
year, was paid an early, late, normal, or disability 
retirement benefit (or a death benefit related to a 
retirement benefit), and 
‘‘(II) to the extent provided in regulations pre-
scribed by the Secretary of the Treasury, any other 
person who is entitled to such a benefit under the 
plan. 
‘‘(ii) the base plan year for any plan year is— 
‘‘(I) if there is a relevant collective bargaining 
agreement, the last plan year ending at least 6 months 
before the relevant effective date, or 
‘‘(II) if there is no relevant collective bargaining 
agreement, the last plan year ending at least 12 
months before the beginning of the plan year.
H. R. 83—658 
‘‘(iii) a relevant collective bargaining agreement is a 
collective bargaining agreement— 
‘‘(I) which is in effect for at least 6 months during 
the plan year, and 
‘‘(II) which has not been in effect for more than 
36 months as of the end of the plan year. 
‘‘(iv) the relevant effective date is the earliest of the 
effective dates for the relevant collective bargaining agree-
ments.’’; 
(C) in subsection (d)— 
(i) in paragraph (1), by striking ‘‘(determined in 
accordance with section 4243(3)(B)(ii))’’; and 
(ii) by adding at the end the following: 
‘‘(4) For purposes of this subsection, the value of plan assets 
shall be the value of the available plan assets determined under 
regulations prescribed by the Secretary of the Treasury.’’; 
(D) in subsection (e)(1)— 
(i) in subparagraph (A), by striking ‘‘the corpora-
tion, the parties described in section 4242(a)(2), and 
the plan participants and beneficiaries’’ and inserting 
‘‘the parties described in section 101(f)(1)’’; and 
(ii) in subparagraph (B), by striking ‘‘section 
4242(a)(2) and the plan participants and beneficiaries’’ 
and inserting ‘‘section 101(f)(1)’’; and 
(E) by adding at the end the following: 
‘‘(g) Subsections (a) and (c) shall not apply to a plan that, 
for the plan year, is operating under section 305(e)(9), regarding 
benefit suspensions by certain multiemployer plans in critical and 
declining status.’’. 
(3) CONFORMING AMENDMENTS.— 
(A) DEFINITION
OF
REORGANIZATION
INDEX.—Section 
4001(a) of such Act (29 U.S.C. 1301(a)) is amended by 
striking paragraph (9). 
(B) MINIMUM FUNDING STANDARDS.—Section 304(a) of 
such Act (29 U.S.C. 1084(a)) is amended to read as follows: 
‘‘(a) IN GENERAL.—For purposes of section 302, the accumulated 
funding deficiency of a multiemployer plan for any plan year is 
the amount, determined as of the end of the plan year, equal 
to the excess (if any) of the total charges to the funding standard 
account of the plan for all plan years (beginning with the first 
plan year for which this part applies to the plan) over the total 
credits to such account for such years.’’. 
(C) MODIFICATION OF PART HEADING.—Part 3 of subtitle 
D of title IV of such Act (29 U.S.C. 1421 et seq.) is amended 
by striking the heading and inserting ‘‘INSOLVENT PLANS’’. 
(D) CONFORMING
AMENDMENT
TO
TABLE
OF
CON-
TENTS.—The table of contents in section 1 of such Act 
(29 U.S.C. 1001 note) is amended by striking the items 
relating to sections 4241 through 4244A. 
(b) AMENDMENTS TO THE INTERNAL REVENUE CODE.— 
(1) IN
GENERAL.—Sections 418, 418A, 418B, 418C, and 
418D of the Internal Revenue Code of 1986 are repealed. 
(2) MODIFICATION
OF
INSOLVENCY
RULES.—Section 418E 
of such Code is amended— 
(A) by striking ‘‘reorganization’’ each place it appears 
and inserting ‘‘critical status, as described in subsection 
432(b)(2),’’;
H. R. 83—659 
(B) in subsection (c)(2)— 
(i) by striking ‘‘The suspension’’ and inserting ‘‘(A) 
The suspension’’; 
(ii) by striking ‘‘(within the meaning of section 
418(b)(6))’’; and 
(iii) by adding at the end the following: 
‘‘(B) For purposes of this paragraph— 
‘‘(i) the term ‘person in pay status’ means— 
‘‘(I) a participant or beneficiary on the last day 
of the base plan year who, at any time during such 
year, was paid an early, late, normal, or disability 
retirement benefit (or a death benefit related to a 
retirement benefit), and 
‘‘(II) to the extent provided in regulations pre-
scribed by the Secretary of the Treasury, any other 
person who is entitled to such a benefit under the 
plan. 
‘‘(ii) the base plan year for any plan year is— 
‘‘(I) if there is a relevant collective bargaining 
agreement, the last plan year ending at least 6 months 
before the relevant effective date, or 
‘‘(II) if there is no relevant collective bargaining 
agreement, the last plan year ending at least 12 
months before the beginning of the plan year. 
‘‘(iii) a relevant collective bargaining agreement is a 
collective bargaining agreement— 
‘‘(I) which is in effect for at least 6 months during 
the plan year, and 
‘‘(II) which has not been in effect for more than 
36 months as of the end of the plan year. 
‘‘(iv) the relevant effective date is the earliest of the 
effective dates for the relevant collective bargaining agree-
ments.’’; 
(C) in subsection (d)— 
(i) in paragraph (1), by striking ‘‘(determined in 
accordance with section 418B(3)(B)(ii))’’; 
(ii) by adding at the end the following: 
‘‘(4) For purposes of this subsection, the value of plan 
assets shall be the value of the available plan assets determined 
under regulations prescribed by the Secretary of the Treasury.’’; 
(D) in subsection (e)(1)— 
(i) in subparagraph (A), by striking ‘‘the corpora-
tion, the parties described in section 418A(a)(2), and 
the plan participants and beneficiaries’’ and inserting 
‘‘the parties described in section 101(f)(1) of the 
Employee Retirement Income Security Act of 1974’’; 
and 
(ii) in subparagraph (B), by striking ‘‘section 
418A(a)(2) and the plan participants and beneficiaries’’ 
and inserting ‘‘section 101(f)(1) of the Employee Retire-
ment Income Security Act of 1974’’; and 
(E) by adding at the end the following: 
‘‘(h) Subsections (a) and (c) shall not apply to a plan that, 
for the plan year, is operating under section 432(e)(9), regarding 
benefit suspensions by certain multiemployer plans in critical and 
declining status.’’. 
(3) CONFORMING AMENDMENTS.—
H. R. 83—660 
(A) MINIMUM FUNDING STANDARDS.—Section 431(a) of 
the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(a) IN GENERAL.—For purposes of section 412, the accumulated 
funding deficiency of a multiemployer plan for any plan year is 
the amount, determined as of the end of the plan year, equal 
to the excess (if any) of the total charges to the funding standard 
account of the plan for all plan years (beginning with the first 
plan year for which this part applies to the plan) over the total 
credits to such account for such years.’’. 
(B) MODIFICATION OF SUBPART HEADING.—Subpart C 
of part I of subchapter D of chapter 1 of such Code is 
amended by striking the heading and inserting ‘‘INSOLVENT 
PLANS’’. 
(C) CONFORMING
AMENDMENT
TO
TABLE
OF
CON-
TENTS.—The table of contents for such subpart C is 
amended by striking the items relating to sections 418 
through 418D. 
(D) CONFORMING AMENDMENT TO TABLE OF SUBPARTS.— 
The table of subparts for part I of subchapter D of chapter 
1 of such Code is amended by striking the heading and 
inserting ‘‘INSOLVENT PLANS’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
SEC. 109. DISREGARD OF CERTAIN CONTRIBUTION INCREASES FOR 
WITHDRAWAL LIABILITY PURPOSES. 
(a) AMENDMENT TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.—Section 305 of the Employee Retirement Income 
Security Act of 1974 (29 U.S.C. 1085) is amended— 
(1) in subsection (e), by striking paragraph (9); 
(2) in subsection (f)— 
(A) by striking paragraph (3) and redesignating para-
graph (4) as paragraph (3); and 
(B) in paragraph (3) (as redesignated by subparagraph 
(A)), by striking ‘‘During the rehabilitation plan adoption 
period—’’ and inserting ‘‘During the period beginning on 
the date of the certification under subsection (b)(3)(A) for 
the initial critical year and ending on the date of the 
adoption of a rehabilitation plan—’’; 
(3) by redesignating subsections (g), (h), and (i) as sub-
sections (h), (i), and (j), respectively; and 
(4) by inserting after subsection (f) the following: 
‘‘(g) ADJUSTMENTS DISREGARDED
IN WITHDRAWAL LIABILITY 
DETERMINATION.— 
‘‘(1) BENEFIT
REDUCTION.—Any benefit reductions under 
subsection (e)(8) or (f) shall be disregarded in determining 
a plan’s unfunded vested benefits for purposes of determining 
an employer’s withdrawal liability under section 4201. 
‘‘(2) SURCHARGES.—Any surcharges under subsection (e)(7) 
shall be disregarded in determining the allocation of unfunded 
vested benefits to an employer under section 4211 and in deter-
mining the highest contribution rate under section 4219(c), 
except for purposes of determining the unfunded vested benefits 
attributable to an employer under section 4211(c)(4) or a com-
parable method approved under section 4211(c)(5).
H. R. 83—661 
‘‘(3) CONTRIBUTION
INCREASES
REQUIRED
BY
FUNDING 
IMPROVEMENT OR REHABILITATION PLAN.— 
‘‘(A) IN GENERAL.—Any increase in the contribution 
rate (or other increase in contribution requirements unless 
due to increased levels of work, employment, or periods 
for which compensation is provided) that is required or 
made in order to enable the plan to meet the requirement 
of the funding improvement plan or rehabilitation plan 
shall be disregarded in determining the allocation of 
unfunded vested benefits to an employer under section 
4211 and in determining the highest contribution rate 
under section 4219(c), except for purposes of determining 
the unfunded vested benefits attributable to an employer 
under section 4211(c)(4) or a comparable method approved 
under section 4211(c)(5). 
‘‘(B) SPECIAL RULES.—For purposes of this paragraph, 
any increase in the contribution rate (or other increase 
in contribution requirements) shall be deemed to be 
required or made in order to enable the plan to meet 
the requirement of the funding improvement plan or 
rehabilitation plan except for increases in contribution 
requirements due to increased levels of work, employment, 
or periods for which compensation is provided or additional 
contributions are used to provide an increase in benefits, 
including an increase in future benefit accruals, permitted 
by subsection (d)(1)(B) or (f)(1)(B). 
‘‘(4) EMERGENCE FROM ENDANGERED OR CRITICAL STATUS.— 
In the case of increases in the contribution rate (or other 
increases in contribution requirements unless due to increased 
levels of work, employment, or periods for which compensation 
is provided) disregarded pursuant to paragraph (3), this sub-
section shall cease to apply as of the expiration date of the 
collective bargaining agreement in effect when the plan emerges 
from endangered or critical status. Notwithstanding the pre-
ceding sentence, once the plan emerges from critical or endan-
gered status, increases in the contribution rate disregarded 
pursuant to paragraph (3) shall continue to be disregarded 
in determining the highest contribution rate under section 
4219(c) for plan years during which the plan was in endangered 
or critical status. 
‘‘(5) SIMPLIFIED CALCULATIONS.—The Pension Benefit Guar-
anty Corporation shall prescribe simplified methods for the 
application of this subsection in determining withdrawal 
liability and payment amounts under section 4219(c).’’. 
(b) AMENDMENTS TO INTERNAL REVENUE CODE.—Section 432 
of the Internal Revenue Code of 1986 is amended— 
(1) in subsection (e), by striking paragraph (9), 
(2) in subsection (f)— 
(A) by striking paragraph (3) and redesignating para-
graph (4) as paragraph (3); and 
(B) in paragraph (4) (as redesignated by subparagraph 
(A)), striking ‘‘During the rehabilitation plan adoption 
period—’’ and inserting ‘‘During the period beginning on 
the date of the certification under subsection (b)(3)(A) for 
the initial critical year and ending on the date of the 
adoption of a rehabilitation plan—’’;
H. R. 83—662 
(3) by redesignating subsections (g), (h), and (i) as sub-
sections (h), (i), and (j), respectively; and 
(4) by inserting after subsection (f) the following: 
‘‘(g) ADJUSTMENTS DISREGARDED
IN WITHDRAWAL LIABILITY 
DETERMINATION.— 
‘‘(1) BENEFIT
REDUCTION.—Any benefit reductions under 
subsection (e)(8) or (f) shall be disregarded in determining 
a plan’s unfunded vested benefits for purposes of determining 
an employer’s withdrawal liability under section 4201 of the 
Employee Retirement Income Security Act of 1974. 
‘‘(2) SURCHARGES.—Any surcharges under subsection (e)(7) 
shall be disregarded in determining the allocation of unfunded 
vested benefits to an employer under section 4211 of the 
Employee Retirement Income Security Act of 1974 and in deter-
mining the highest contribution rate under section 4219(c) of 
such Act, except for purposes of determining the unfunded 
vested benefits attributable to an employer under section 
4211(c)(4) of such Act or a comparable method approved under 
section 4211(c)(5) of such Act. 
‘‘(3) CONTRIBUTION
INCREASES
REQUIRED
BY
FUNDING 
IMPROVEMENT OR REHABILITATION PLAN.— 
‘‘(A) IN GENERAL.—Any increase in the contribution 
rate (or other increase in contribution requirements unless 
due to increased levels of work, employment, or periods 
for which compensation is provided) that is required or 
made in order to enable the plan to meet the requirement 
of the funding improvement plan or rehabilitation plan 
shall be disregarded in determining the allocation of 
unfunded vested benefits to an employer under section 
4211 of such Act and in determining the highest contribu-
tion rate under section 4219(c) of such Act, except for 
purposes of determining the unfunded vested benefits 
attributable to an employer under section 4211(c)(4) of 
such Act or a comparable method approved under section 
4211(c)(5) of such Act. 
‘‘(B) SPECIAL RULES.—For purposes of this paragraph, 
any increase in the contribution rate (or other increase 
in contribution requirements) shall be deemed to be 
required or made in order to enable the plan to meet 
the requirement of the funding improvement plan or 
rehabilitation plan except for increases in contribution 
requirements due to increased levels of work, employment, 
or periods for which compensation is provided or additional 
contributions are used to provide an increase in benefits, 
including an increase in future benefit accruals, permitted 
by subsection (d)(1)(B) or (f)(1)(B). 
‘‘(4) EMERGENCE FROM ENDANGERED OR CRITICAL STATUS.— 
In the case of increases in the contribution rate (or other 
increases in contribution requirements unless due to increased 
levels of work, employment, or periods for which compensation 
is provided) disregarded pursuant to paragraph (3), this sub-
section shall cease to apply as of the expiration date of the 
collective bargaining agreement in effect when the plan emerges 
from endangered or critical status. Notwithstanding the pre-
ceding sentence, once the plan emerges from critical or endan-
gered status, increases in the contribution rate disregarded 
pursuant to paragraph (3) shall continue to be disregarded
H. R. 83—663 
in determining the highest contribution rate under section 
4219(c) of such Act for plan years during which the plan was 
in endangered or critical status. 
‘‘(5) SIMPLIFIED CALCULATIONS.—The Pension Benefit Guar-
anty Corporation shall prescribe simplified methods for the 
application of this subsection in determining withdrawal 
liability and payment amounts under section 4219(c) of such 
Act.’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to benefit reductions and increases in the contribution 
rate or other required contribution increases that go into effect 
during plan years beginning after December 31, 2014 and to sur-
charges the obligation for which accrue on or after December 31, 
2014. 
SEC. 110. GUARANTEE FOR PRE-RETIREMENT SURVIVOR ANNUITIES 
UNDER MULTIEMPLOYER PENSION PLANS. 
(a) IN GENERAL.—Section 4022A(c) of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1322a(c)) is amended by 
adding at the end the following: 
‘‘(4) For purposes of subsection (a), in the case of a qualified 
preretirement survivor annuity (as defined in section 205(e)(1)) 
payable to the surviving spouse of a participant under a multi-
employer plan which becomes insolvent under section 4245(b) 
or 4281(d)(2) or is terminated, such annuity shall not be treated 
as forfeitable solely because the participant has not died as 
of the date on which the plan became so insolvent or the 
termination date.’’. 
(b) RETROACTIVE APPLICATION.—The amendment made by this 
section shall apply with respect to multiemployer plan benefit pay-
ments becoming payable on or after January 1, 1985, except that 
the amendment shall not apply in any case where the surviving 
spouse has died before the date of the enactment of this Act. 
SEC. 
111. 
REQUIRED 
DISCLOSURE 
OF 
MULTIEMPLOYER 
PLAN 
INFORMATION. 
(a) IN GENERAL.—Section 101(k)(1) of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1021(k)(1)) is amended 
to read as follows: 
‘‘(1) IN GENERAL.—Each administrator of a defined benefit 
plan that is a multiemployer plan shall, upon written request, 
furnish to any plan participant or beneficiary, employee rep-
resentative, or any employer that has an obligation to con-
tribute to the plan a copy of— 
‘‘(A) the current plan document (including any amend-
ments thereto), 
‘‘(B) the latest summary plan description of the plan, 
‘‘(C) the current trust agreement (including any amend-
ments thereto), or any other instrument or agreement 
under which the plan is established or operated, 
‘‘(D) in the case of a request by an employer, any 
participation agreement with respect to the plan for such 
employer that relates to the employer’s plan participation 
during the current or any of the 5 immediately preceding 
plan years, 
‘‘(E) the annual report filed under section 104 for any 
plan year,
H. R. 83—664 
‘‘(F) the plan funding notice provided under subsection 
(f) for any plan year, 
‘‘(G) any periodic actuarial report (including any sensi-
tivity testing) received by the plan for any plan year which 
has been in the plan’s possession for at least 30 days, 
‘‘(H) any quarterly, semi-annual, or annual financial 
report prepared for the plan by any plan investment man-
ager or advisor or other fiduciary which has been in the 
plan’s possession for at least 30 days, 
‘‘(I) audited financial statements of the plan for any 
plan year, 
‘‘(J) any application filed with the Secretary of the 
Treasury requesting an extension under section 304(d) of 
this Act or section 431(d) of the Internal Revenue Code 
of 1986 and the determination of such Secretary pursuant 
to such application, and 
‘‘(K) in the case of a plan which was in critical or 
endangered status under section 305 for a plan year, the 
latest funding improvement or rehabilitation plan, and the 
contribution schedules applicable with respect to such 
funding improvement or rehabilitation plan (other than 
a contribution schedule applicable to a specific employer).’’. 
(b) LIMITATIONS ON DISCLOSURE.—Section 101(k)(3) of such Act 
(29 U.S.C. 1021(k)(3)) is amended by striking the 1st sentence 
and inserting the following: ‘‘In no case shall a participant, bene-
ficiary, employee representative, or employer be entitled under this 
subsection to receive more than one copy of any document described 
in paragraph (1) during any one 12-month period, or, in the case 
of any document described in subparagraph (E), (F), (G), (H) or 
(I) of paragraph (1), a copy of any such document that as of the 
date on which the request is received by the administrator, has 
been in the administrator’s possession for 6 years or more. If the 
administrator provides a copy of a document described in paragraph 
(1) to any person upon request, the administrator shall be consid-
ered as having met any obligation the administrator may have 
under any other provision of this title to furnish a copy of the 
same document to such person upon request.’’. 
(c) RETENTION OF RECORDS.—Section 107 of such Act (29 U.S.C. 
1027) is amended— 
(1) by inserting ‘‘(including the documents described in 
subparagraphs (E) through (I) of section 101(k))’’ after ‘‘file 
any report’’; and 
(2) by inserting ‘‘a copy of such report and’’ after ‘‘shall 
maintain’’. 
(d) CIVIL ENFORCEMENT.—Section 502(a) of such Act (29 U.S.C. 
1132(a)) is amended— 
(1) in paragraph (9), by striking ‘‘or’’ at the end; 
(2) in paragraph (10), by striking the period at the end 
and inserting ‘‘; or’’; and 
(3) by adding at the end the following: 
‘‘(11) in the case of a multiemployer plan, by an employee 
representative, or any employer that has an obligation to con-
tribute to the plan, (A) to enjoin any act or practice which 
violates subsection (k) of section 101 (or, in the case of an 
employer, subsection (l) of such section), or (B) to obtain appro-
priate equitable relief (i) to redress such violation or (ii) to 
enforce such subsection.’’.
H. R. 83—665 
(e) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
Subtitle B—Multiemployer Plan Mergers 
and Partitions 
SEC. 121. MERGERS. 
(a) PBGC ASSISTANCE FOR MULTIEMPLOYER PLAN MERGERS.— 
Section 4231 of the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1411) is amended by adding at the end the fol-
lowing: 
‘‘(e) FACILITATED MERGERS.— 
‘‘(1) IN GENERAL.—When requested to do so by the plan 
sponsors, the corporation may take such actions as it deems 
appropriate to promote and facilitate the merger of two or 
more multiemployer plans if it determines, after consultation 
with the Participant and Plan Sponsor Advocate selected under 
section 4004, that the transaction is in the interests of the 
participants and beneficiaries of at least one of the plans and 
is not reasonably expected to be adverse to the overall interests 
of the participants and beneficiaries of any of the plans. Such 
facilitation may include training, technical assistance, medi-
ation, communication with stakeholders, and support with 
related requests to other government agencies. 
‘‘(2) FINANCIAL ASSISTANCE.—In order to facilitate a merger 
which it determines is necessary to enable one or more of 
the plans involved to avoid or postpone insolvency, the corpora-
tion may provide financial assistance (within the meaning of 
section 4261) to the merged plan if— 
‘‘(A) one or more of the multiemployer plans partici-
pating in the merger is in critical and declining status 
(as defined in section 305(b)(4)); 
‘‘(B) the corporation reasonably expects that— 
‘‘(i) such financial assistance will reduce the cor-
poration’s expected long-term loss with respect to the 
plans involved; and 
‘‘(ii) such financial assistance is necessary for the 
merged plan to become or remain solvent; 
‘‘(C) the corporation certifies that its ability to meet 
existing financial assistance obligations to other plans will 
not be impaired by such financial assistance; and 
‘‘(D) such financial assistance is paid exclusively from 
the fund for basic benefits guaranteed for multiemployer 
plans. 
Not later than 14 days after the provision of such financial 
assistance, the corporation shall provide notice of such financial 
assistance to the Committee on Education and the Workforce 
of the House of Representatives, the Committee on Ways and 
Means of the House of Representatives, the Committee on 
Finance of the Senate, and the Committee on Health, Edu-
cation, Labor, and Pensions of the Senate.’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014.
H. R. 83—666 
SEC. 122. PARTITIONS OF ELIGIBLE MULTIEMPLOYER PLANS. 
(a) IN GENERAL.— 
(1) IN GENERAL.—Section 4233 of the Employee Retirement 
Income Security Act of 1974 (29 U.S.C. 1413) is amended to 
read as follows: 
‘‘SEC. 4233. PARTITIONS OF ELIGIBLE MULTIEMPLOYER PLANS. 
‘‘(a)(1) Upon the application by the plan sponsor of an eligible 
multiemployer plan for a partition of the plan, the corporation 
may order a partition of the plan in accordance with this section. 
The corporation shall make a determination regarding the applica-
tion not later than 270 days after the date such application was 
filed (or, if later, the date such application was completed) in 
accordance with regulations promulgated by the corporation. 
‘‘(2) Not later than 30 days after submitting an application 
for partition of a plan under paragraph (1), the plan sponsor of 
the plan shall notify the participants and beneficiaries of such 
application, in the form and manner prescribed by regulations 
issued by the corporation. 
‘‘(b) For purposes of this section, a multiemployer plan is an 
eligible multiemployer plan if— 
‘‘(1) the plan is in critical and declining status (as defined 
in section 305(b)(4)); 
‘‘(2) the corporation determines, after consultation with 
the Participant and Plan Sponsor Advocate selected under sec-
tion 4004, that the plan sponsor has taken (or is taking concur-
rently with an application for partition) all reasonable measures 
to avoid insolvency, including the maximum benefit suspensions 
under section 305(e)(9), if applicable; 
‘‘(3) the corporation reasonably expects that— 
‘‘(A) a partition of the plan will reduce the corporation’s 
expected long-term loss with respect to the plan; and 
‘‘(B) a partition of the plan is necessary for the plan 
to remain solvent; 
‘‘(4) the corporation certifies to Congress that its ability 
to meet existing financial assistance obligations to other plans 
(including any liabilities associated with multiemployer plans 
that are insolvent or that are projected to become insolvent 
within 10 years) will not be impaired by such partition; and 
‘‘(5) the cost to the corporation arising from such partition 
is paid exclusively from the fund for basic benefits guaranteed 
for multiemployer plans. 
‘‘(c) The corporation’s partition order shall provide for a transfer 
to the plan referenced in subsection (d)(1) of the minimum amount 
of the plan’s liabilities necessary for the plan to remain solvent. 
‘‘(d)(1) The plan created by the partition order is a successor 
plan to which section 4022A applies. 
‘‘(2) The plan sponsor of an eligible multiemployer plan prior 
to the partition and the administrator of such plan shall be the 
plan sponsor and the administrator, respectively, of the plan created 
by the partition order. 
‘‘(3) In the event an employer withdraws from the plan that 
was partitioned within ten years following the date of the partition 
order, withdrawal liability shall be computed under section 4201 
with respect to both the plan that was partitioned and the plan 
created by the partition order. If the withdrawal occurs more than 
ten years after the date of the partition order, withdrawal liability
H. R. 83—667 
shall be computed under section 4201 only with respect to the 
plan that was partitioned (and not with respect to the plan created 
by the partition order). 
‘‘(e)(1) For each participant or beneficiary of the plan whose 
benefit was transferred to the plan created by the partition order 
pursuant to a partition, the plan that was partitioned shall pay 
a monthly benefit to such participant or beneficiary for each month 
in which such benefit is in pay status following the effective date 
of such partition in an amount equal to the excess of— 
‘‘(A) the monthly benefit that would be paid to such partici-
pant or beneficiary for such month under the terms of the 
plan (taking into account benefit suspensions under section 
305(e)(9) and any plan amendments following the effective date 
of such partition) if the partition had not occurred, over 
‘‘(B) the monthly benefit for such participant or beneficiary 
which is guaranteed under section 4022A. 
‘‘(2) In any case in which a plan provides a benefit improvement 
(as defined in section 305(e)(9)(E)(vi)) that takes effect after the 
effective date of the partition, the plan shall pay to the corporation 
for each year during the 10-year period following the partition 
effective date, an annual amount equal to the lesser of— 
‘‘(A) the total value of the increase in benefit payments 
for such year that is attributable to the benefit improvement, 
or 
‘‘(B) the total benefit payments from the plan created by 
the partition for such year. 
Such payment shall be made at the time of, and in addition to, 
any other premium imposed by the corporation under this title. 
‘‘(3) The plan that was partitioned shall pay the premiums 
imposed by the corporation under this title with respect to partici-
pants whose benefits were transferred to the plan created by the 
partition order for each year during the 10-year period following 
the partition effective date. 
‘‘(f) Not later than 14 days after the partition order, the corpora-
tion shall provide notice of such order to the Committee on Edu-
cation and the Workforce of the House of Representatives, the 
Committee on Ways and Means of the House of Representatives, 
the Committee on Finance of the Senate, the Committee on Health, 
Education, Labor, and Pensions of the Senate, and any affected 
participants or beneficiaries.’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply with respect to plan years beginning after December 
31, 2014. 
Subtitle C—Strengthening the Pension 
Benefit Guaranty Corporation 
SEC. 131. PREMIUM INCREASES FOR MULTIEMPLOYER PLANS. 
(a) INCREASE IN PREMIUM RATE FOR MULTIEMPLOYER PLANS.— 
Section 4006(a)(3) of the Employee Retirement Income Security 
Act of 1974 (29 U.S.C. 1306(a)(3)) is amended— 
(1) in subparagraph (A)— 
(A) in clause (iv), by striking ‘‘or’’ at the end; 
(B) in clause (v)— 
(i) by inserting ‘‘and before January 1, 2015,’’ after 
‘‘December 31, 2012,’’; and
H. R. 83—668 
(ii) by striking the period at the end and inserting 
‘‘, or’’; and 
(C) by adding at the end the following: 
‘‘(vi) in the case of a multiemployer plan, for plan years 
beginning after December 31, 2014, $26 for each individual 
who is a participant in such plan during the applicable plan 
year.’’; and 
(2) by adding at the end the following: 
‘‘(M) For each plan year beginning in a calendar year after 
2015, there shall be substituted for the dollar amount specified 
in clause (vi) of subparagraph (A) an amount equal to the greater 
of— 
‘‘(i) the product derived by multiplying such dollar amount 
by the ratio of— 
‘‘(I) the national average wage index (as defined in 
section 209(k)(1) of the Social Security Act) for the first 
of the 2 calendar years preceding the calendar year in 
which such plan year begins, to 
‘‘(II) the national average wage index (as so defined) 
for 2013; and 
‘‘(ii) such dollar amount for plan years beginning in the 
preceding calendar year. 
If the amount determined under this subparagraph is not a multiple 
of $1, such product shall be rounded to the nearest multiple of 
$1.’’. 
(b) TREATMENT OF CERTAIN FUNDS.—Section 4005(b)(3) of such 
Act (29 U.S.C. 1305(b)(3)) is amended— 
(1) by striking ‘‘Whenever’’ and inserting ‘‘(A) Whenever’’; 
and 
(2) by adding at the end the following: 
‘‘(B) Notwithstanding subparagraph (A)— 
‘‘(i) the amounts of premiums received under section 4006 
with respect to the fund to be used for basic benefits under 
section 4022A in a fiscal year in the period beginning with 
fiscal year 2016 and ending with fiscal year 2020 shall be 
placed in a noninterest-bearing account within such fund in 
the following amounts: 
‘‘(I) for fiscal year 2016, $108,000,000; 
‘‘(II) for fiscal year 2017, $111,000,000; 
‘‘(III) for fiscal year 2018, $113,000,000; 
‘‘(IV) for fiscal year 2019, $149,000,000; and 
‘‘(V) for fiscal year 2020, $296,000,000; 
‘‘(ii) premiums received in fiscal years specified in sub-
clauses (I) through (V) of clause (i) shall be allocated in order 
first to the noninterest-bearing account in the amount specified 
and second to any other accounts within such fund; and 
‘‘(iii) financial assistance, as provided under section 4261, 
shall be withdrawn proportionately from the noninterest- 
bearing and other accounts within the fund.’’. 
(c) REPORT.—In addition to any other report required by section 
4022A(f), not later than June 1, 2016, the Pension Benefit Guaranty 
Corporation shall submit to Congress a report that includes— 
(1) an analysis of whether the premium levels enacted 
under the amendment made by subsection (a) are sufficient 
for the Pension Benefit Guaranty Corporation to meet its pro-
jected mean stochastic basic benefit guarantee obligations for 
the ten- and twenty-year periods beginning with 2015, including
H. R. 83—669 
an explanation of the assumptions underlying this analysis; 
and 
(2) if the analysis under paragraph (1) concludes that the 
premium levels are insufficient to meet such obligations (or 
are in excess of the levels sufficient to meet such obligations), 
a proposed schedule of revised premiums sufficient to meet 
(but not exceed) such obligations. 
(d) EFFECTIVE DATE.—The amendments made by subsection 
(a) shall apply with respect to plan years beginning after December 
31, 2014. 
TITLE II—REMEDIATION MEASURES 
FOR DEEPLY TROUBLED PLANS 
SEC. 201. CONDITIONS, LIMITATIONS, DISTRIBUTION AND NOTICE 
REQUIREMENTS, AND APPROVAL PROCESS FOR BENEFIT 
SUSPENSIONS UNDER MULTIEMPLOYER PLANS IN CRIT-
ICAL AND DECLINING STATUS. 
(a) AMENDMENTS TO EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.— 
(1) GENERAL RULE FOR PLAN IN CRITICAL AND DECLINING 
STATUS.—Section 305(a) of the Employee Retirement Income 
Security Act of 1974 (29 U.S.C. 1085(a)) is amended— 
(A) in paragraph (1)(B), by striking ‘‘and’’ at the end; 
(B) in paragraph (2)(B), by striking the period at the 
end and inserting ‘‘, and’’; and 
(C) by adding at the end the following: 
‘‘(3) if the plan is in critical and declining status— 
‘‘(A) the requirements of paragraph (2) shall apply 
to the plan; and 
‘‘(B) the plan sponsor may, by plan amendment, sus-
pend benefits in accordance with the requirements of sub-
section (e)(9).’’. 
(2) CRITICAL
AND
DECLINING
STATUS
DEFINED.—Section 
305(b) of the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1085(b)), as amended by sections 102 and 
104, is further amended by adding at the end the following: 
‘‘(6) CRITICAL AND DECLINING STATUS.—For purposes of this 
section, a plan in critical status shall be treated as in critical 
and declining status if the plan is described in one or more 
of subparagraphs (A), (B), (C), and (D) of paragraph (2) and 
the plan is projected to become insolvent within the meaning 
of section 4245 during the current plan year or any of the 
14 succeeding plan years (19 succeeding plan years if the plan 
has a ratio of inactive participants to active participants that 
exceeds 2 to 1 or if the funded percentage of the plan is 
less than 80 percent).’’. 
(3) ANNUAL CERTIFICATION.—Section 305(b)(3)(A)(i) of the 
Employee Retirement Income Security Act of 1974 (29 U.S.C. 
1085(b)(3)(A)(i)) is amended— 
(A) by striking ‘‘and whether’’ and inserting ‘‘, 
whether’’, and 
(B) by inserting ‘‘, and whether or not the plan is 
or will be in critical and declining status for such plan 
year’’ before ‘‘, and’’ at the end.
H. R. 83—670 
(4) ANNUAL FUNDING NOTICES.—Section 101(f)(2)(B) of such 
Act (29 U.S.C. 1021(f)(2)(B)) is amended— 
(A) by redesignating clauses (vi) through (x) as clauses 
(vii) through (xi), respectively; and 
(B) by inserting after clause (v) the following: 
‘‘(vi) in the case of a multiemployer plan, whether 
the plan was in critical and declining status under 
section 305 for such plan year and, if so— 
‘‘(I) the projected date of insolvency; 
‘‘(II) a clear statement that such insolvency 
may result in benefit reductions; and 
‘‘(III) a statement describing whether the plan 
sponsor has taken legally permitted actions to pre-
vent insolvency.’’. 
(5) PROJECTIONS
OF
ASSETS
AND
LIABILITIES.—Section 
305(b)(3)(B) of the Employee Retirement Income Security Act 
of 1974 (29 U.S.C. 1085(b)(3)(B)) is amended by adding at 
the end the following: 
‘‘(iv) PROJECTIONS
OF
CRITICAL
AND
DECLINING 
STATUS.—In determining whether a plan is in critical 
and declining status as described in subsection (e)(9), 
clauses (i), (ii), and (iii) shall apply, except that— 
‘‘(I) if reasonable, the plan actuary shall 
assume that each contributing employer in compli-
ance continues to comply through the end of the 
rehabilitation period or such later time as provided 
in subsection (e)(3)(A)(ii) with the terms of the 
rehabilitation plan that correspond to the schedule 
adopted or imposed under subsection (e), and 
‘‘(II) the plan actuary shall take into account 
any suspensions of benefits described in subsection 
(e)(9) adopted in a prior plan year that are still 
in effect.’’. 
(6) BENEFIT SUSPENSIONS FOR MULTIEMPLOYER PLANS IN 
CRITICAL
AND
DECLINING
STATUS.—Section 305(e) of the 
Employee Retirement Income Security Act of 1974 (29 U.S.C. 
1085(e)) (as amended by section 109) is amended by inserting 
after paragraph (8) the following: 
‘‘(9) BENEFIT SUSPENSIONS FOR MULTIEMPLOYER PLANS IN 
CRITICAL AND DECLINING STATUS.— 
‘‘(A) IN GENERAL.—Notwithstanding section 204(g) and 
subject to subparagraphs (B) through (I), the plan sponsor 
of a plan in critical and declining status may, by plan 
amendment, suspend benefits which the sponsor deems 
appropriate. 
‘‘(B) SUSPENSION OF BENEFITS.— 
‘‘(i) SUSPENSION OF BENEFITS DEFINED.—For pur-
poses of this subsection, the term ‘suspension of bene-
fits’ means the temporary or permanent reduction of 
any current or future payment obligation of the plan 
to any participant or beneficiary under the plan, 
whether or not in pay status at the time of the suspen-
sion of benefits. 
‘‘(ii) LENGTH OF SUSPENSIONS.—Any suspension of 
benefits made under subparagraph (A) shall remain 
in effect until the earlier of when the plan sponsor 
provides benefit improvements in accordance with