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(C) Section 401(a)(33) of the 1986 Code is 
amended— 
(i) by striking ‘‘section 412(c)(2)’’ in 
subparagraph (B)(iii) and inserting ‘‘sec-
tion 412(d)(2)’’, and 
(ii) by striking ‘‘section 412(b)(2) 
(without regard to subparagraph (B) 
thereof)’’ in subparagraph (D) and insert-
ing ‘‘section 412(b)(1), without regard to 
section 412(b)(2)’’. 
(D) Section 411 of the 1986 Code is 
amended— 
(i) by striking ‘‘section 412(c)(2)’’ in 
subsection (a)(3)(C) and inserting ‘‘section 
412(d)(2)’’, and 
(ii) by striking ‘‘section 412(e)(2)’’ in 
subsection (d)(6)(A) and inserting ‘‘section 
412(d)(2)’’. 
(E) Section 414(l)(2)(B)(i)(I) of the 1986 
Code is amended to read as follows: 
‘‘(I) the sum of the funding tar-
get and target normal cost determined 
under section 430, over’’. 
(F) Section 4971 of the 1986 Code is 
amended— 
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(i) by striking ‘‘required minimum’’ in 
subsection (b)(1) and inserting ‘‘minimum 
required’’, 
(ii) by inserting ‘‘or unpaid minimum 
required contribution, whichever is applica-
ble’’ after ‘‘accumulated funding defi-
ciency’’ each place it appears in sub-
sections (c)(3) and (d)(1), and 
(iii) 
by 
striking 
‘‘section 
412(a)(1)(A)’’ in subsection (e)(1) and in-
serting ‘‘section 412(a)(2)’’. 
(3) AMENDMENT TO 2006 ACT.—Section 114 of 
the 2006 Act is amended by adding at the end the 
following new subsection: 
‘‘(g) EFFECTIVE DATES.— 
‘‘(1) IN GENERAL.—The amendments made by 
this section shall apply to plan years beginning after 
2007. 
‘‘(2) EXCISE TAX.—The amendments made by 
subsection (e) shall apply to taxable years beginning 
after 2007, but only with respect to plan years de-
scribed in paragraph (1) which end with or within 
any such taxable year.’’. 
(e) AMENDMENT RELATED TO SECTION 116.—Sec-
tion 409A(b)(3)(A)(ii) of the 1986 Code is amended by 
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inserting ‘‘to an applicable covered employee’’ after 
‘‘under the plan’’. 
SEC. 102. AMENDMENTS RELATED TO TITLE II. 
(a) AMENDMENT RELATED TO SECTIONS 201 AND 
211.—Section 201(b)(2)(A) of the 2006 Act is amended 
by striking ‘‘has not used’’ and inserting ‘‘has not adopt-
ed, or ceased using,’’. 
(b) AMENDMENTS RELATED TO SECTIONS 202 AND 
212.— 
(1) AMENDMENTS TO ERISA.— 
(A) Section 302(b)(3) of ERISA is amend-
ed by striking ‘‘the plan adopts’’ and inserting 
‘‘the plan sponsor adopts’’. 
(B) Section 305(b)(3)(C) of ERISA is 
amended by striking ‘‘section 101(b)(4)’’ and 
inserting ‘‘section 101(b)(1)’’. 
(C) Section 305(b)(3)(D) of ERISA is 
amended by striking ‘‘The Secretary’’ in clause 
(iii) and inserting ‘‘The Secretary of the Treas-
ury, in consultation with the Secretary’’. 
(D) Section 305(c)(7) of ERISA is amend-
ed— 
(i) by striking ‘‘to agree on’’ and all 
that follows in subparagraph (A)(ii) and 
inserting ‘‘to adopt a contribution schedule 
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with terms consistent with the funding im-
provement plan and a schedule from the 
plan sponsor,’’, and 
(ii) by striking subparagraph (B) and 
inserting the following new subparagraph: 
‘‘(B) DATE
OF
IMPLEMENTATION.—The 
date specified in this subparagraph is the date 
which is 180 days after the date on which the 
collective bargaining agreement described in 
subparagraph (A) expires.’’, and 
(iii) by adding at the end the fol-
lowing new subparagraph: 
‘‘(C) FAILURE TO MAKE SCHEDULED CON-
TRIBUTIONS.—Any failure to make a contribu-
tion under a schedule of contribution rates pro-
vided under this paragraph shall be treated as 
a delinquent contribution under section 515 and 
shall be enforceable as such.’’. 
(E) Section 305(e) of ERISA is amend-
ed— 
(i) in paragraph (3)(C)— 
(I) by striking all that follows ‘‘to 
adopt a’’ in clause (i)(II) and insert-
ing ‘‘to adopt a contribution schedule 
with terms consistent with the reha-
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bilitation plan and a schedule from 
the plan sponsor under paragraph 
(1)(B)(i),’’, 
(II) by striking clause (ii) and in-
serting 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 de-
scribed in clause (i) expires.’’, and 
(III) by adding at the end the 
following new clause: 
‘‘(iii) FAILURE TO MAKE SCHEDULED 
CONTRIBUTIONS.—Any failure to make a 
contribution under a schedule of contribu-
tion rates provided under this subsection 
shall be treated as a delinquent contribu-
tion under section 515 and shall be en-
forceable as such.’’, 
(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’’, 
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(iii) in paragraph (6)— 
(I) 
by 
striking 
‘‘paragraph 
(1)(B)(i)’’ and inserting ‘‘the last sen-
tence of paragraph (1)’’, and 
(II) by striking ‘‘established’’ and 
inserting ‘‘establish’’, 
(iv) in paragraph (8)(C)(iii)— 
(I) by striking ‘‘the Secretary’’ in 
subclause (I) and inserting ‘‘the Sec-
retary of the Treasury, in consultation 
with the Secretary’’, and 
(II) by striking ‘‘Secretary’’ in 
the last sentence and inserting ‘‘Sec-
retary of the Treasury’’, and 
(v) by striking ‘‘an employer’s with-
drawal liability’’ in paragraph (9)(B) and 
inserting ‘‘the allocation of unfunded vest-
ed benefits to an employer’’. 
(F) Section 305(f)(2)(A)(i) of ERISA is 
amended by adding at the end the following: 
‘‘to a participant or beneficiary whose annuity 
starting date (as defined in section 205(h)(2)) 
occurs after the date such notice is sent,’’. 
(G) Section 305(g) of ERISA is amended 
by inserting ‘‘under subsection (c)’’ after ‘‘fund-
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‘‘(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 de-
scribed 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 sen-
tence 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 Em-
ployee Retirement Income Security 
Act of 1974’’ after ‘‘4212(a)’’ in sub-
paragraph (C)(i)(II), 
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(III) by striking ‘‘the Secretary 
of Labor’’ in subparagraph (C)(iii)(I) 
and inserting ‘‘the Secretary, in con-
sultation 
with 
the 
Secretary 
of 
Labor’’, and 
(IV) by striking ‘‘the Secretary of 
Labor’’ in the last sentence of sub-
paragraph (C)(iii) and inserting ‘‘the 
Secretary’’, and 
(v) by striking ‘‘an employer’s with-
drawal liability’’ in paragraph (9)(B) and 
inserting ‘‘the allocation of unfunded vest-
ed 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 fol-
lowing: ‘‘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)’’ 
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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 in-
serting the following new paragraph: 
‘‘(9) PLAN SPONSOR.—For purposes of this sec-
tion, section 431, and section 4971(g): 
‘‘(A) IN GENERAL.—The term ‘plan spon-
sor’ means, with respect to any multiemployer 
plan, the association, committee, joint board of 
trustees, or other similar group of representa-
tives 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 sec-
tion 404(c) (or a continuation of such plan), 
such term means the bargaining parties de-
scribed in paragraph (1).’’. 
(H) Section 412(b)(3) of the 1986 Code is 
amended by striking ‘‘the plan adopts’’ and in-
serting ‘‘the plan sponsor adopts’’. 
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(I) Section 4971(g)(4) of the 1986 Code is 
amended— 
(i) in subparagraph (B)(ii), by strik-
ing ‘‘first day of’’ and inserting ‘‘day fol-
lowing the close of’’, and 
(ii) by striking clause (ii) of subpara-
graph (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 amend-
ments made by subsection (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. 
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(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 section 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 strik-
ing ‘‘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 limitation under subparagraph 
(B), (C), or (D), the mortality table used 
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shall be the applicable mortality table 
(within 
the 
meaning 
of 
section 
417(e)(3)(B)).’’. 
(ii)(I) Except as provided in subclause (II), 
the amendment made by clause (i) shall apply 
to years beginning after December 31, 2008. 
(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.—Sec-
tion 4006(a)(3)(A)(i) of ERISA is amended by striking 
‘‘1990’’ and inserting ‘‘2005’’. 
(b) AMENDMENT RELATED TO SECTION 402.—Sec-
tion 402(c)(1)(A) of the 2006 Act is amended by striking 
‘‘commercial airline’’ and inserting ‘‘commercial’’. 
(c) AMENDMENT RELATED TO SECTION 408.—Sec-
tion 4044(e) of ERISA, as added by section 408(b)(2) of 
the 2006 Act, is redesignated as subsection (f). 
(d) AMENDMENTS RELATED TO SECTION 409.—Sec-
tion 4041(b)(5)(A) of ERISA is amended by striking 
‘‘subparagraph (B)’’ and inserting ‘‘subparagraphs (B) 
and (D)’’. 
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