H. R. 7327—11 
(D) Section 432(e) of the 1986 Code is amended— 
(i) in paragraph (3)(C)— 
(I) by striking all that follows ‘‘to adopt a’’ 
in clause (i)(II) and inserting ‘‘to adopt a contribu-
tion schedule with terms consistent with the 
rehabilitation plan and a schedule from the plan 
sponsor under paragraph (1)(B)(i),’’, and 
(II) by striking clause (ii) and inserting the 
following new clause: 
‘‘(ii) DATE OF IMPLEMENTATION.—The date specified 
in this clause is the date which is 180 days after 
the date on which the collective bargaining agreement 
described in clause (i) expires.’’, 
(ii) in paragraph (4)— 
(I) by striking ‘‘the date of’’ in subparagraph 
(A)(ii), and 
(II) by striking ‘‘and taking’’ in subparagraph 
(B) and inserting ‘‘but taking’’, 
(iii) in paragraph (6)— 
(I) by striking ‘‘paragraph (1)(B)(i)’’ and 
inserting ‘‘the last sentence of paragraph (1)’’, and 
(II) by striking ‘‘established’’ and inserting 
‘‘establish’’, 
(iv) in paragraph (8)— 
(I) by striking ‘‘section 204(g)’’ in subparagraph 
(A)(i) and inserting ‘‘section 411(d)(6)’’, 
(II) by inserting ‘‘of the Employee Retirement 
Income Security Act of 1974’’ after ‘‘4212(a)’’ in 
subparagraph (C)(i)(II), 
(III) by striking ‘‘the Secretary of Labor’’ in 
subparagraph (C)(iii)(I) and inserting ‘‘the Sec-
retary, in consultation with the Secretary of 
Labor’’, and 
(IV) by striking ‘‘the Secretary of Labor’’ in 
the last sentence of subparagraph (C)(iii) and 
inserting ‘‘the Secretary’’, and 
(v) by striking ‘‘an employer’s withdrawal liability’’ 
in paragraph (9)(B) and inserting ‘‘the allocation of 
unfunded vested benefits to an employer’’. 
(E) Section 432(f)(2)(A)(i) of the 1986 Code is 
amended— 
(i) by striking ‘‘section 411(b)(1)(A)’’ and inserting 
‘‘section 411(a)(9)’’; and 
(ii) by inserting at the end the following: ‘‘to a 
participant or beneficiary whose annuity starting date 
(as defined in section 417(f)(2)) occurs after the date 
such notice is sent,’’. 
(F) Section 432(g) of the 1986 Code is amended by 
inserting ‘‘under subsection (c)’’ after ‘‘funding improvement 
plan’’ the first place it appears. 
(G) Section 432(i) of the 1986 Code is amended— 
(i) by striking ‘‘section 412(a)’’ in paragraph (3) 
and inserting ‘‘section 431(a)’’, and 
(ii) by striking paragraph (9) and inserting the 
following new paragraph: 
‘‘(9) PLAN SPONSOR.—For purposes of this section, section 
431, and section 4971(g):
H. R. 7327—12 
‘‘(A) IN GENERAL.—The term ‘plan sponsor’ means, with 
respect to any multiemployer plan, the association, com-
mittee, joint board of trustees, or other similar group of 
representatives of the parties who establish or maintain 
the plan. 
‘‘(B) SPECIAL RULE FOR SECTION 404(c) PLANS.—In the 
case of a plan described in section 404(c) (or a continuation 
of such plan), such term means the bargaining parties 
described in paragraph (1).’’. 
(H) Section 412(b)(3) of the 1986 Code is amended 
by striking ‘‘the plan adopts’’ and inserting ‘‘the plan 
sponsor adopts’’. 
(I) Section 4971(g)(4) of the 1986 Code is amended— 
(i) in subparagraph (B)(ii), by striking ‘‘first day 
of’’ and inserting ‘‘day following the close of’’, and 
(ii) by striking clause (ii) of subparagraph (C) and 
inserting the following new clause: 
‘‘(ii) PLAN SPONSOR.—For purposes of clause (i), 
the term ‘plan sponsor’ has the meaning given such 
term by section 432(i)(9).’’. 
(3) AMENDMENTS TO 2006 ACT.— 
(A) Section 212(b)(2) of the 2006 Act is amended by 
striking ‘‘Section 4971(c)(2) of such Code’’ and inserting 
‘‘Section 4971(e)(2) of such Code’’. 
(B) Section 212(e)(1) of the 2006 Act is amended by 
inserting ‘‘, except that the amendments made by sub-
section (b) shall apply to taxable years beginning after 
2007, but only with respect to plan years beginning after 
2007 which end with or within any such taxable year’’ 
before the period at the end. 
(C) Section 212(e)(2) of the 2006 Act is amended by 
striking ‘‘section 305(b)(3) of the Employee Retirement 
Income Security Act of 1974’’ and inserting ‘‘section 
432(b)(3) of the Internal Revenue Code of 1986’’. 
SEC. 103. AMENDMENTS RELATED TO TITLE III. 
(a) AMENDMENT RELATED TO SECTION 301.—Clause (ii) of sec-
tion 101(c)(2)(A) of the Pension Funding Equity Act of 2004, as 
amended by section 301(c) of the 2006 Act, is amended by striking 
‘‘2008’’ and inserting ‘‘2009’’. 
(b) AMENDMENTS RELATED TO SECTION 302.— 
(1) AMENDMENT TO ERISA.—Section 205(g)(3)(B)(iii)(II) of 
ERISA is amended by striking ‘‘section 205(g)(3)(B)(iii)(II)’’ and 
inserting ‘‘section 205(g)(3)(A)(ii)(II)’’. 
(2) AMENDMENTS TO 1986 CODE.— 
(A) Section 417(e)(3)(D)(i) of the 1986 Code is amended 
by striking ‘‘clause (ii)’’ and inserting ‘‘subparagraph (C)’’. 
(B)(i) Section 415(b)(2)(E)(v) of the 1986 Code is 
amended to read as follows: 
‘‘(v) For purposes of adjusting any benefit or limita-
tion under subparagraph (B), (C), or (D), the mortality 
table used shall be the applicable mortality table 
(within the meaning of section 417(e)(3)(B)).’’. 
(ii)(I) Except as provided in subclause (II), the amend-
ment made by clause (i) shall apply to years beginning 
after December 31, 2008.
H. R. 7327—13 
(II) A plan sponsor may elect to have the amendment 
made by clause (i) apply to any year beginning after 
December 31, 2007, and before January 1, 2009, or to 
any portion of any such year. 
SEC. 104. AMENDMENTS RELATED TO TITLE IV. 
(a) 
AMENDMENT
RELATED
TO
SECTION
401.—Section 
4006(a)(3)(A)(i) of ERISA is amended by striking ‘‘1990’’ and 
inserting ‘‘2005’’. 
(b) AMENDMENT RELATED TO SECTION 402.—Section 402(c)(1)(A) 
of the 2006 Act is amended by striking ‘‘commercial airline’’ and 
inserting ‘‘commercial’’. 
(c) AMENDMENT RELATED
TO SECTION 408.—Section 4044(e) 
of ERISA, as added by section 408(b)(2) of the 2006 Act, is redesig-
nated as subsection (f). 
(d) 
AMENDMENTS
RELATED
TO
SECTION
409.—Section 
4041(b)(5)(A) of ERISA is amended by striking ‘‘subparagraph (B)’’ 
and inserting ‘‘subparagraphs (B) and (D)’’. 
(e) 
AMENDMENTS
RELATED
TO
SECTION
410.—Section 
4050(d)(4)(A) of ERISA is amended— 
(1) by striking ‘‘and’’ at the end of clause (i), and 
(2) by striking clause (ii) and inserting the following new 
clauses: 
‘‘(ii) which is not a plan described in paragraph 
(2), (3), (4), (6), (7), (8), (9), (10), or (11) of section 
4021(b), and 
‘‘(iii) which, was a plan described in section 401(a) 
of the Internal Revenue Code of 1986 which includes 
a trust exempt from tax under section 501(a) of such 
Code, and’’. 
SEC. 105. AMENDMENTS RELATED TO TITLE V. 
(a) 
AMENDMENT
RELATED
TO
SECTION
501.—Section 
101(f)(2)(B)(ii) of ERISA is amended— 
(1) by striking ‘‘for which the latest annual report filed 
under section 104(a) was filed’’ in subclause (I)(aa) and inserting 
‘‘to which the notice relates’’, and 
(2) by striking subclause (II) and inserting the following 
new subclause: 
‘‘(II) in the case of a multiemployer plan, a 
statement, for the plan year to which the notice 
relates and the preceding 2 plan years, of the 
value of the plan assets (determined both in the 
same manner as under section 304 and under the 
rules of subclause (I)(bb)) and the value of the 
plan liabilities (determined in the same manner 
as under section 304 except that the method speci-
fied in section 305(i)(8) shall be used),’’. 
(b) AMENDMENTS RELATED TO SECTION 502.— 
(1) Section 101(k)(2) of ERISA is amended by filing at 
the end the following new flush sentence: 
‘‘Subparagraph (C)(i) shall not apply to individually identifiable 
information with respect to any plan investment manager or 
adviser, or with respect to any other person (other than an 
employee of the plan) preparing a financial report required 
to be included under paragraph (1)(B).’’.
H. R. 7327—14 
(2) Section 4221 of ERISA is amended by striking sub-
section (e) and by redesignating subsections (f) and (g) as sub-
sections (e) and (f), respectively. 
(c) AMENDMENTS RELATED TO SECTION 503.— 
(1) AMENDMENTS TO ERISA.— 
(A) Section 104(b)(3) of ERISA is amended by— 
(i) striking ‘‘section 103(f)’’ and inserting ‘‘section 
101(f)’’, and 
(ii) striking ‘‘the administrators’’ and inserting ‘‘the 
administrator’’. 
(B) Section 104(d)(1)(E)(ii) of ERISA is amended by 
inserting ‘‘funding’’ after ‘‘plan’s’’. 
(2) AMENDMENTS TO 2006 ACT.—Section 503(e) of the 2006 
Act is amended by striking ‘‘section 101(f)’’ and inserting ‘‘sec-
tion 104(d)’’. 
(d) 
AMENDMENT
RELATED
TO
SECTION
505.—Section 
4010(d)(2)(B) of ERISA is amended by striking ‘‘section 302(d)(2)’’ 
and inserting ‘‘section 303(d)(2)’’. 
(e) AMENDMENTS RELATED TO SECTION 506.— 
(1) Section 4041(c)(2)(D)(i) of ERISA is amended by striking 
‘‘subsection (a)(2)’’ the second place it appears and inserting 
‘‘subparagraph (A) or the regulations under subsection (a)(2)’’. 
(2) Section 4042(c)(3)(C)(i) of ERISA is amended— 
(A) by striking ‘‘and plan sponsor’’ and inserting ‘‘, 
the plan sponsor, or the corporation’’, and 
(B) by striking ‘‘subparagraph (A)(i)’’ and inserting 
‘‘subparagraph (A)’’. 
(f) AMENDMENTS RELATED TO SECTION 508.—Section 209(a) of 
ERISA is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘regulations prescribed by the Sec-
retary’’ and inserting ‘‘such regulations as the Secretary 
may prescribe’’, and 
(B) by striking the last sentence and inserting ‘‘The 
report required under this paragraph shall be in the same 
form, and contain the same information, as periodic benefit 
statements under section 105(a).’’, and 
(2) by striking paragraph (2) and inserting the following: 
‘‘(2) If more than one employer adopts a plan, each such 
employer shall furnish to the plan administrator the informa-
tion necessary for the administrator to maintain the records, 
and make the reports, required by paragraph (1). Such adminis-
trator shall maintain the records, and make the reports, 
required by paragraph (1).’’. 
(g) AMENDMENT RELATED TO SECTION 509.—Section 101(i)(8)(B) 
of ERISA is amended to read as follows: 
‘‘(B) ONE-PARTICIPANT
RETIREMENT
PLAN.—For pur-
poses of subparagraph (A), the term ‘one-participant retire-
ment plan’ means a retirement plan that on the first day 
of the plan year— 
‘‘(i) covered only one individual (or the individual 
and the individual’s spouse) and the individual (or 
the individual and the individual’s spouse) owned 100 
percent of the plan sponsor (whether or not incor-
porated), or 
‘‘(ii) covered only one or more partners (or partners 
and their spouses) in the plan sponsor.’’.
H. R. 7327—15 
SEC. 106. AMENDMENTS RELATED TO TITLE VI. 
(a) AMENDMENTS RELATED TO SECTION 601.— 
(1) AMENDMENTS TO ERISA.— 
(A) Section 408(g)(3)(D)(ii) of ERISA is amended by 
striking ‘‘subsection (b)(14)(B)(ii)’’ and inserting ‘‘subsection 
(b)(14)(A)(ii)’’. 
(B) Section 408(g)(6)(A)(i) of ERISA is amended by 
striking 
‘‘financial 
adviser’’ 
and 
inserting 
‘‘fiduciary 
adviser’’. 
(C) Section 408(g)(11)(A) of ERISA is amended— 
(i) by striking ‘‘the participant’’ each place it 
appears and inserting ‘‘a participant’’, and 
(ii) by striking ‘‘section 408(b)(4)’’ in clause (ii) 
and inserting ‘‘subsection (b)(4)’’. 
(2) AMENDMENTS TO 1986 CODE.— 
(A) Section 4975(d)(17) of the 1986 Code, in the matter 
preceding subparagraph (A), is amended by striking ‘‘and 
that permits’’ and inserting ‘‘that permits’’. 
(B) Section 4975(f)(8) of the 1986 Code is amended— 
(i) in subparagraph (A), by striking ‘‘subsection 
(b)(14)’’ and inserting ‘‘subsection (d)(17)’’, 
(ii) in subparagraph (C)(iv)(II), by striking ‘‘sub-
section (b)(14)(B)(ii)’’ and inserting ‘‘(d)(17)(A)(ii)’’, 
(iii) in subparagraph (F)(i)(I), by striking ‘‘financial 
adviser’’ and inserting ‘‘fiduciary adviser,’’, 
(iv) in subparagraph (I), by striking ‘‘section 406’’ 
and inserting ‘‘subsection (c)’’, and 
(v) in subparagraph (J)(i)— 
(I) by striking ‘‘the participant’’ each place it 
appears and inserting ‘‘a participant’’, 
(II) in the matter preceding subclause (I), by 
inserting ‘‘referred to in subsection (e)(3)(B)’’ after 
‘‘investment advice’’, and 
(III) in subclause (II), by striking ‘‘section 
408(b)(4)’’ and inserting ‘‘subsection (d)(4)’’. 
(3) AMENDMENT TO 2006 ACT.—Section 601(b)(4) of the 2006 
Act is amended by striking ‘‘section 4975(c)(3)(B)’’ and inserting 
‘‘section 4975(e)(3)(B)’’. 
(b) AMENDMENTS RELATED TO SECTION 611.— 
(1) AMENDMENT TO ERISA.—Section 408(b)(18)(C) of ERISA 
is amended by striking ‘‘or less’’. 
(2) AMENDMENTS
TO
1986
CODE.—Section 4975(d) of the 
1986 Code is amended— 
(A) in the matter preceding subparagraph (A) of para-
graph (18)— 
(i) by striking ‘‘party in interest’’ and inserting 
‘‘disqualified person’’, and 
(ii) by striking ‘‘subsection (e)(3)(B)’’ and inserting 
‘‘subsection (e)(3)’’, 
(B) in paragraphs (19), (20), and (21), by striking ‘‘party 
in interest’’ each place it appears and inserting ‘‘disqualified 
person’’, and 
(C) by striking ‘‘or less’’ in paragraph (21)(C). 
(c) 
AMENDMENTS
RELATED
TO
SECTION
612.—Section 
4975(f)(11)(B)(i) of the 1986 Code is amended by— 
(1) inserting ‘‘of the Employee Retirement Income Security 
Act of 1974’’ after ‘‘section 407(d)(1)’’, and