empt from tax under section 501(a) of 
such Code, and’’. 
SEC. 6. AMENDMENTS RELATED TO TITLE V. 
(a) AMENDMENT RELATED TO SECTION 501.—Sec-
tion 101(f)(2)(B)(ii) of ERISA is amended— 
(1) by striking ‘‘for which the latest annual re-
port filed under section 104(a) was filed’’ in sub-
clause (I)(aa) and inserting ‘‘to which the notice re-
lates’’, and 
(2) in subclause (II)— 
(A) by inserting ‘‘, determined in the same 
manner as under section 304 (and in the case 
of assets, also in the same manner as under 
subclause (I)(bb)),’’ after ‘‘assets and liabil-
ities’’, and 
(B) by striking ‘‘as the last day of such 
plan year’’. 
(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 in-
vestment manager or adviser, or any other person 
preparing a financial report required to be included 
under paragraph (1)(B).’’. 
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(2) Section 4221 of ERISA is amended by 
striking subsection (e) and by redesignating sub-
sections (f) and (g) as subsections (e) and (f), re-
spectively. 
(c) AMENDMENTS RELATED TO SECTION 503.— 
(1) AMENDMENTS TO ERISA.— 
(A) Section 104(b)(3) of ERISA is amend-
ed by— 
(i) striking ‘‘section 103(f)’’ and in-
serting ‘‘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 ‘‘sec-
tion 101(f)’’ and inserting ‘‘section 104(d)’’. 
(d) AMENDMENT RELATED TO SECTION 505.—Sec-
tion 4010(d)(2)(B) of ERISA is amended by striking ‘‘sec-
tion 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)’’. 
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(2) Section 4042(c)(3)(C)(i) of ERISA is 
amended— 
(A) by striking ‘‘and plan sponsor’’ and in-
serting ‘‘, the plan sponsor, or the corporation’’, 
and 
(B) by striking ‘‘subparagraph (A)(i)’’ and 
inserting ‘‘subparagraph (A)’’. 
(f) AMENDMENTS RELATED TO SECTION 508.—Sec-
tion 209(a) of ERISA is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘regulations prescribed by 
the Secretary’’ and inserting ‘‘such regulations 
as the Secretary may prescribe’’, and 
(B) by striking the last sentence and in-
serting ‘‘The report required under this para-
graph shall be in the same form, and contain 
the same information, as periodic benefit state-
ments 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 admin-
istrator the information necessary for the adminis-
trator to maintain the records, and make the re-
ports, required by paragraph (1). Such adminis-
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trator shall maintain the records, and make the re-
ports, required by paragraph (1).’’ 
(g) AMENDMENT RELATED TO SECTION 509.—Sec-
tion 101(i)(8)(B) of ERISA is amended to read as follows: 
‘‘(B) 
ONE-PARTICIPANT
RETIREMENT 
PLAN.—For purposes of subparagraph (A), the 
term ‘one-participant retirement 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 part-
ners (or partners and their spouses) in the 
plan sponsor.’’. 
SEC. 7. 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)’’. 
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(B) Section 408(g)(11)(A) of ERISA is 
amended— 
(i) by striking ‘‘the participant’’ each 
place it appears and inserting ‘‘a partici-
pant’’, 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 in-
serting ‘‘that permits’’. 
(B) Section 4975(f)(8) of the 1986 Code is 
amended— 
(i) in subparagraph (A), by striking 
‘‘subsection (b)(14)’’ and inserting ‘‘sub-
section (d)(17)’’, 
(ii) in subparagraph (C)(iv)(II), by 
striking ‘‘subsection (b)(14)(B)(ii)’’ and in-
serting ‘‘(d)(17)(A)(ii)’’, 
(iii) in subparagraph (I), by striking 
‘‘section 406’’ and inserting ‘‘subsection 
(c)’’, and 
(iv) in subparagraph (J)(i)— 
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(I) by striking ‘‘the participant’’ 
each place it appears and inserting ‘‘a 
participant’’, 
(II) in the matter preceding sub-
clause (I), by inserting ‘‘referred to in 
subsection (e)(3)(B)’’ after ‘‘invest-
ment advice’’, and 
(III) in subclause (II), by strik-
ing ‘‘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 paragraph (18)— 
(i) by striking ‘‘party in interest’’ and 
inserting ‘‘disqualified person’’, and 
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(B) by striking paragraph (3) and by re-
designating paragraphs (4), (5), and (6) as 
paragraphs (3), (4), and (5), respectively. 
(d) AMENDMENT RELATED TO SECTION 906.—Sec-
tion 906(b)(1)(B)(ii) of the 2006 Act is amended by strik-
ing ‘‘paragraph (1)’’ and inserting ‘‘paragraph (10)’’. 
SEC. 11. AMENDMENTS RELATED TO TITLE X. 
(a) AMENDMENTS
TO
RAILROAD
RETIREMENT 
ACT.— 
(1) Section 14(b) of the Railroad Retirement 
Act of 1974 (45 U.S.C. 231m(b)) is amended by 
adding at the end the following: 
‘‘(3)(i) Payments made pursuant to paragraph 
(2) of this subsection shall not require that the em-
ployee be entitled to an annuity under section 
2(a)(1) of this Act: Provided, however, That where 
an employee is not entitled to such an annuity, pay-
ments made pursuant to paragraph (2) may not 
begin before the month in which the following three 
conditions are satisfied: 
‘‘(A) The employee has completed ten 
years of service in the railroad industry or, five 
years of service all of which accrues after De-
cember 31, 1995. 
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‘‘(B) The spouse or former spouse attains 
age 62. 
‘‘(C) The employee attains age 62 (or if 
deceased, would have attained age 62). 
‘‘(ii) Payments made pursuant to paragraph (2) 
of this subsection shall terminate upon the death of 
the spouse or former spouse, unless the court docu-
ment provides for termination at an earlier date. 
Notwithstanding the language in a court order, that 
portion of payments made pursuant to paragraph 
(2) which represents payments computed pursuant 
to section 3(f)(2) of this Act shall not be paid after 
the death of the employee. 
‘‘(iii) If the employee is not entitled to an annu-
ity under section 2(a)(1) of this Act, payments made 
pursuant to paragraph (2) of this subsection shall be 
computed as though the employee were entitled to 
an annuity.’’. 
(2) Subsection (d) of section 5 of the Railroad 
Retirement Act (45 U.S.C. 231d) is repealed. 
(b) EFFECTIVE DATES.— 
(1) 
SUBSECTION
(a)(1).—The 
amendment 
made by subsection (a)(1) shall apply with respect to 
payments due for months after August 2007. If, 
prior to the effective date of such amendment, pay-
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ment pursuant to paragraph (2) of section 14(b) of 
the Railroad Retirement Act of 1974 (45 U.S.C. 
231m(b)) was terminated because of the employee’s 
death, payment to the former spouse may be rein-
stated for months after August 2007. 
(2) 
SUBSECTION
(a)(2).—The 
amendment 
made by subsection (a)(2) shall take effect upon the 
date of the enactment of this Act. 
SEC. 12. AMENDMENTS RELATED TO TITLE XI. 
(a) AMENDMENT RELATED TO SECTION 1104.—Sec-
tion 1104(d)(1) of the 2006 Act is amended by striking 
‘‘Act’’ the first place it appears and inserting ‘‘section’’. 
(b) AMENDMENTS RELATED TO SECTION 1105.— 
Section 3304(a) of the 1986 Code is amended— 
(1) in paragraph (15)— 
(A) by redesignating clauses (i) and (ii) of 
subparagraph (A) as subclauses (I) and (II), 
(B) by redesignating subparagraphs (A) 
and (B) as clauses (i) and (ii), 
(C) by striking the semicolon at the end of 
clause (ii) (as so redesignated) and inserting ‘‘, 
and’’, 
(D) by striking ‘‘(15)’’ and inserting 
‘‘(15)(A) subject to subparagraph (B),’’, and 
(E) by adding at the end the following: 
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‘‘(B) the amount of compensation shall not 
be reduced on account of any payments of gov-
ernmental or other pensions, retirement or re-
tired pay, annuity, or other similar payments 
which are not includible in the gross income of 
the individual for the taxable year in which it 
was paid because it was part of a rollover dis-
tribution;’’, and 
(2) by striking the last sentence. 
(c) AMENDMENTS RELATED TO SECTION 1106.— 
Section 3(37)(G) of ERISA is amended by— 
(1) striking ‘‘paragraph’’ each place it appears 
in clauses (ii), (iii), and (v)(I) and inserting ‘‘sub-
paragraph’’, 
(2) striking ‘‘subclause (i)(II)’’ in clause (iii) 
and inserting ‘‘clause (i)(II)’’, 
(3) striking ‘‘subparagraph’’ in clause (v)(II) 
and inserting ‘‘clause’’, and 
(4) by striking ‘‘section 101(b)(4)’’ in clause 
(v)(III) and inserting ‘‘section 101(b)(1)’’. 
SEC. 13. AMENDMENT RELATED TO TITLE XII. 
Section 408(d)(8)(D) of the 1986 Code is amended 
by striking ‘‘all amounts distributed from all individual re-
tirement plans were treated as 1 contract under paragraph 
(2)(A) for purposes of determining the inclusion of such 
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distribution under section 72’’ and inserting ‘‘all amounts 
in all individual retirement plans of the individual were 
distributed during such taxable year and all such plans 
were treated as 1 contract for purposes of determining 
under section 72 the aggregate amount which would have 
been so includible’’. 
SEC. 14. EFFECTIVE DATE. 
Except as otherwise provided in this Act, the amend-
ments made by this Act shall take effect as if included 
in the provisions of the 2006 Act to which the amend-
ments relate. 
Æ 
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