contract, such plan or contract shall be treated 
as being operated in accordance with the terms 
of the plan during the period described in sub-
paragraph (B)(ii). 
(B) AMENDMENTS TO WHICH PARAGRAPH 
APPLIES.— 
(i) IN
GENERAL.—This paragraph 
shall apply to any amendment to any plan 
or annuity contract which is made— 
(I) pursuant to the amendments 
made by this subsection, or pursuant 
to any regulation issued by the Sec-
retary of the Treasury or the Sec-
retary of Labor under any provision 
as so amended, and 
(II) on or before the last day of 
the first plan year beginning on or 
after January 1, 2016, or such later 
date as the Secretary of the Treasury 
may prescribe. 
(ii) 
CONDITIONS.—This 
subsection 
shall not apply to any amendment unless, 
during the period— 
(I) beginning on the date that 
the amendments made by this sub-
section or the regulation described in 
clause (i)(I) takes effect (or in the 
case of a plan or contract amendment 
not required by such amendments or 
such regulation, the effective date 
specified by the plan), and 
(II) ending on the date described 
in clause (i)(II) (or, if earlier, the 
date the plan or contract amendment 
is adopted), 
the plan or contract is operated as if such 
plan or contract amendment were in effect, 
and such plan or contract amendment ap-
plies retroactively for such period. 
(C) ANTI-CUTBACK RELIEF.—A plan shall 
not be treated as failing to meet the require-
ments of section 204(g) of the Employee Re-
tirement Income Security Act of 1974 (29 
U.S.C. 1054(g)) and section 411(d)(6) of the 
Internal Revenue Code of 1986 solely by reason 
of a plan amendment to which this paragraph 
applies. 
(d) MODIFICATION OF FUNDING TARGET DETER-
MINATION PERIODS.—
(1) INTERNAL
REVENUE
CODE
OF
1986.— 
Clause (i) of section 430(h)(2)(B) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘the 
first day of the plan year’’ and inserting ‘‘the valu-
ation date for the plan year’’. 
(2) EMPLOYEE RETIREMENT INCOME SECURITY 
ACT OF 1974.—Clause (i) of section 303(h)(2)(B) of 
the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1083(h)(2)(B)(i)) is amended by 
striking ‘‘the first day of the plan year’’ and insert-
ing ‘‘the valuation date for the plan year’’. 
(e) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
subsections (a), (b), and (d) shall apply with respect 
to plan years beginning after December 31, 2012. 
(2) ELECTIONS.—A plan sponsor may elect not 
to have the amendments made by subsections (a), 
(b), and (d) apply to any plan year beginning before 
January 1, 2014, either (as specified in the elec-
tion)— 
(A) for all purposes for which such amend-
ments apply, or 
(B) solely for purposes of determining the 
adjusted funding target attainment percentage 
under sections 436 of the Internal Revenue
Code of 1986 and 206(g) of the Employee Re-
tirement Income Security Act of 1974 (29 
U.S.C. 1054(g)) for such plan year. 
A plan shall not be treated as failing to meet the re-
quirements of section 204(g) of such Act and section 
411(d)(6) of such Code solely by reason of an elec-
tion under this paragraph. 
SEC. 2004. EXTENSION OF CUSTOMS USER FEES. 
Section 13031(j)(3) of the Consolidated Omnibus 
Budget Reconciliation Act of 1985 (19 U.S.C. 58c(j)(3)) 
is amended— 
(1) in subparagraph (A), by striking ‘‘Sep-
tember 30, 2023’’ and inserting ‘‘September 30, 
2024’’; and 
(2) in subparagraph (B)(i), by striking ‘‘Sep-
tember 30, 2023’’ and inserting ‘‘September 30, 
2024’’. 
Passed the House of Representatives July 15, 2014. 
Attest: 
Clerk.
113TH CONGRESS 
2D SESSION 
H. R. 5021 
AN ACT 
To provide an extension of Federal-aid highway, 
highway safety, motor carrier safety, transit, and 
other programs funded out of the Highway Trust 
Fund, and for other purposes.