of this Act, the term ‘applicable funding pre-effective date 
year’ shall mean the first calendar year with respect to 
which all such final regulations are issued by June 30 of 
such year. 
‘‘(c) EFFECTIVE DATE.—This section shall take ef-
fect on the date of the enactment of this Act.’’. 
(3) APPLICABLE SECTIONS.— 
(A) PENSION PROTECTION ACT OF 2006.— 
The amendments made in paragraph (1) shall 
apply to the following sections of the Pension 
Protection Act of 2006: 101(d), 102(c), 103(c), 
104(b), 105(b), 106(b), 107(e), 111(b), 112(b), 
113(b), 115(a), 115(b)(3), 115(e)(2), 302(c), 
401(a)(2), 402(b)(1), 505(c), and 802(b). 
(B) INTERNAL REVENUE CODE OF 1986.— 
The amendments made in paragraph (1) shall 
apply to the following sections of the Internal 
Revenue Code of 1986: 417(e)(3), 430(c)(5), 
430(f)(1)(B)(ii)(I),430(f)(3)(C), 
430(f)(6)(C)(i), 430(f)(7)(C)(i), 430(h)(2)(G), 
430(i)(4)(B), 430(i)(5)(C), 436(j), and 436(k). 
(C) EMPLOYEE RETIREMENT INCOME SE-
CURITY ACT OF 1974.—The amendments made 
in paragraph (1) shall apply to the following 
sections of the Employee Retirement Income 
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Security Act of 1974: 205(g)(3), 206(g)(9), 
206(g)(10), 
303(c)(5), 
303(f)(1)(B)(ii)(I), 
303(f)(3)(C), 303(f)(6)(C)(i), 303(f)(7)(C)(i), 
303(h)(2)(G), 303(i)(4)(B), 303(i)(5)(C), and 
4041(b)(5)(C)(i). 
(b) EXTENSION
OF REPLACEMENT
OF 30-YEAR 
TREASURY RATES.— 
(1) AMENDMENTS OF ERISA.— 
(A) DETERMINATION
OF
RANGE.—Sub-
clause (II) of section 302(b)(5)(B)(ii) of the 
Employee Retirement Income Security Act of 
1974 is amended— 
(i) by striking ‘‘January 1, 2008’’ and 
inserting ‘‘January 1 of the applicable 
funding effective date year (as defined in 
section 1305 of the Pension Protection Act 
of 2006)’’, and 
(ii) in the heading, by striking ‘‘FOR 
YEARS 2004, 2005, 2006, AND 2007’’. 
(B) DETERMINATION OF CURRENT LIABIL-
ITY.—Subclause (IV) of section 302(d)(7)(C)(i) 
of such Act is amended— 
(i) by striking ‘‘in 2004, 2005, 2006, 
or 2007’’ and inserting ‘‘after 2003 and 
before the applicable funding effective date 
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year (as defined in section 1305 of the 
Pension Protection Act of 2006)’’, and 
(ii) in the heading, by striking ‘‘FOR 
YEARS 2004, 2005, 2006, AND 2007’’. 
(C) PBGC PREMIUM
RATE.—Subclause 
(V) of section 4006(a)(3)(E)(iii) of such Act is 
amended by striking ‘‘January 1, 2008’’ and in-
serting ‘‘January 1 of the applicable funding ef-
fective date year (as defined in section 1305 of 
the Pension Protection Act of 2006)’’. 
(2) AMENDMENTS
OF
INTERNAL
REVENUE 
CODE.— 
(A) DETERMINATION
OF
RANGE.—Sub-
clause (II) of section 412(b)(5)(B)(ii) of the In-
ternal Revenue Code of 1986 is amended— 
(i) by striking ‘‘January 1, 2008’’ and 
inserting ‘‘January 1 of the applicable 
funding effective date year (as defined in 
section 1305 of the Pension Protection Act 
of 2006)’’, and 
(ii) in the heading, by striking ‘‘FOR 
YEARS 2004, 2005, 2006, AND 2007’’. 
(B) DETERMINATION OF CURRENT LIABIL-
ITY.—Subclause (IV) of section 412(1)(7)(C)(i) 
of such Code is amended— 
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(i) by striking ‘‘in 2004, 2005, 2006, 
and 2007’’ and inserting ‘‘after 2003 and 
before the applicable funding effective date 
year (as defined in section 1305 of the 
Pension Protection Act of 2006)’’, and 
(ii) in the heading, by striking ‘‘FOR 
YEARS 2004, 2005, 2006, AND 2007’’. 
(3) PLAN AMENDMENTS.—Clause (ii) of section 
101(c)(2)(A) of the Pension Funding Equity Act of 
2004 is amended by striking ‘‘January 1, 2008’’ and 
inserting ‘‘January 1 of the applicable funding effec-
tive date year (as defined in section 1305 of the 
Pension Protection Act of 2006)’’. 
(c) CONFORMING AMENDMENTS REGARDING TRAN-
SITION RULE.— 
(1) IN
GENERAL.—Paragraph (1) of section 
115(d) of the Pension Protection Act of 2006 is 
amended to read as follows: 
‘‘(1) IN
GENERAL.—Section 769(c)(3) of the 
Retirement Protection Act of 1994, as added by sec-
tion 201 of the Pension Funding Equity Act of 
2004, is amended by striking ‘in 2004 and 2005’ 
and inserting ‘after 2003 and before the applicable 
funding effective date year (as defined in section 
1305 of the Pension Protection Act of 2006)’.’’. 
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(2) HEADING.—The heading of subsection (d) 
of section 115 of such Act is amended by striking 
‘‘FOR 2006 AND 2007’’. 
(d) CONFORMING AMENDMENTS REGARDING FUND-
ING NOTICE.— 
(1) IN
GENERAL.—Paragraph (1) of section 
501(d) of the Pension Protection Act of 2006 is 
amended to read as follows: 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by this section 
shall apply to plan years beginning after December 
31 of the applicable funding pre-effective date year 
(as defined in section 1305 of this Act), or, in the 
case of a multiemployer plan, plan years beginning 
after December 31, 2007.’’. 
(2) REPEAL OF NOTICE.—Subsection (d) of sec-
tion 501 of such Act is amended by redesignating 
paragraph (2) as paragraph (3), and by inserting 
after paragraph (1) the following new paragraph: 
‘‘(2) REPEAL
OF
NOTICE.—The amendment 
made by subsection (b) shall apply to plan years be-
ginning after December 31, 2006.’’. 
(3) TRANSITION RULE.—Paragraph (3) of sec-
tion 501(d) of such Act, as redesignated, is amend-
ed— 
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(A) by adding ‘‘or, in the case of a single- 
employer plan, before January 1 of the applica-
ble funding effective date year (as defined in 
section 1305 of this Act)’’ after ‘‘2008,’’, 
(B) by striking ‘‘2006’’ and inserting 
‘‘2006 or, in the case of a single-employer plan, 
before the applicable funding pre-effective date 
year (as defined in section 1305 of this Act)’’, 
(C) by striking ‘‘2007’’ and inserting ‘‘the 
applicable funding pre-effective date year (as 
defined in section 1305 of this Act)’’, 
(D) by striking ‘‘or funded percentage’’ the 
second place it appears, 
(E) by striking ‘‘may provide.’’ and insert-
ing ‘‘may provide, and’’, 
(F) by adding at the end the following: 
‘‘(C) in the case of a plan year beginning 
in 2007, the funded percentage as determined 
using such methods of estimation as the Sec-
retary of the Treasury may provide.’’. 
(e) CONFORMING AMENDMENTS REGARDING ADDI-
TIONAL
ANNUAL
REPORTING
REQUIREMENTS.—Sub-
section (f) of section 503 of the Pension Protection Act 
of 2006 is amended to read as follows: 
‘‘(f) EFFECTIVE DATE.— 
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‘‘(1) IN GENERAL.—Except as otherwise pro-
vided in paragraph (2), the amendments made by 
this section shall apply to plan years beginning after 
the applicable funding pre-effective date year (as de-
fined in section 1305 of this Act). 
‘‘(2) MULTIEMPLOYER PLANS.—With respect to 
multiemployer plans, the amendments made by this 
section shall apply to plan years beginning after De-
cember 31, 2007.’’. 
(f) CONFORMING AMENDMENTS REGARDING PLAN 
AMENDMENTS.— 
(1) IN GENERAL.—Subparagraph (B) of section 
1107(b)(1) of the Pension Protection Act of 2006 is 
amended by striking ‘‘January 1, 2009’’ and insert-
ing ‘‘January 1 of the calendar year after the appli-
cable funding effective date year (as defined in sec-
tion 1305 of this Act)’’. 
(2) GOVERNMENTAL PLANS.—Paragraph (1) of 
section 1107(b) of such Act is amended to read as 
follows: 
‘‘(1) In the case of a governmental plan (as de-
fined in section 414(d) of the Internal Revenue Code 
of 1986), subparagraph (B) shall be applied as if it 
read: ‘on or before the last day of the first plan year 
beginning on or after January 1 of the calendar year 
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