,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #dceg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #h1 #bjaf ,mr4
 ,s5s5br5n] introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to ext5d ! waiv] (
 requir$ m9imum di/ribution rules =     
c]ta9 retirem5t plans & acc\nts = #bjaf4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,volatility ,& ,losses ,und]m9+     
,e>n+s ,act ( #bjaf4  #b4 ,ext5sion (   
waiv] ( requir$ m9imum di/ribution rules
 = c]ta9 retirem5t plans & acc\nts  7a7 
,9 g5]al ,section #dja7;a77#i7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+3  7,h7        
,tempor>y waiv] ( m9imum requir$        
di/ribution  7i7 ,9 g5]al ,! requirem5ts
 ( ?is p>agraph %all n apply = cal5d>   
ye> #bjaf to-- 7,i7 a def9$ contribution
 plan :i* is describ$ 9 ?is subsection  
or 9 section #djc7;a7 or #djc7;b71      
7,,ii7 a def9$ contribution plan :i* is 
an eligible def]r$ comp5sation plan     

describ$ 9 section #deg7;b7 b only if   
su* plan is ma9ta9$ by an employ]       
describ$ 9 section #deg7;e77#a77;,a71 or
  7,,iii7 an individual retirem5t plan4 
7ii7 ,special rules reg>d+ waiv] p]iod  
,= purposes ( ?is p>agraph--  7,i7 !    
requir$ beg9n+ date ) respect to any    
individual %all be det]m9$ )\t reg>d to 
?is subp>agraph = purposes ( apply+ ?is 
p>agraph = cal5d> ye>s aft] #bjae1 &    
7,,ii7 if clause 7ii7 ( subp>agraph 7,b7
 applies1 ! #e-ye> p]iod describ$ 9 su* 
clause %all be det]m9$ )\t reg>d to     
cal5d> ye> #bjaf4  4  7b7 ,con=m+       
am5dm5ts ,! la/ s5t5ce ( section        
#djb7;c77#d7 ( su* ,code is am5d$-- 7#a7
 by /rik+ di/ribution dur+ #bjji &      
ins]t+ di/ribution dur+ cal5d> ye> #bjji
 or #bjaf1 &  7#b7 by /rik+ appli$ dur+ 
#bjji & ins]t+ appli$ dur+ su* cal5d>   
ye>4  7c7 ,effective date  7#a7 ,9 g5]al
 ,! am5dm5ts made by ?is section %all   
apply = cal5d> ye>s beg9n+ aft] ,decemb]
 #ca1 #bjae4  7#b7 ,provisions relat+ to
 plan or contract am5dm5ts  7,a7 ,9     

g5]al ,if ?is p>agraph applies to any   
p5sion plan or contract am5dm5t1 su*    
p5sion plan or contract %all n fail to  
be treat$ z be+ op]at$ 9 accordance ) ! 
t]ms ( ! plan dur+ ! p]iod describ$ 9   
subp>agraph 7,b77ii7 solely because !   
plan op]ates 9 accordance ) ?is section4
  7,b7 ,am5dm5ts to :i* p>agraph applies
  7i7 ,9 g5]al ,?is p>agraph %all apply 
to any am5dm5t to any p5sion plan or    
annuity contract :i*-- 7,i7 is made     
pursuant to ! am5dm5ts made by ?is      
section1 &  7,,ii7 is made on or be=e ! 
la/ day ( ! fir/ plan ye> beg9n+ on or  
aft] ,janu>y #a1 #bjah4  ,9 ! case ( a  
gov]nm5tal plan1 subclause 7,,ii7 %all  
be appli$ by sub/itut+ #bjai = #bjah4   
7ii7 ,conditions ,?is p>agraph %all n   
apply to any am5dm5t unless dur+ ! p]iod
 beg9n+ on ! effective date ( ! am5dm5t 
& end+ on ,decemb] #ca1 #bjaf1 ! plan or
 contract is op]at$ z if su* plan or    
contract am5dm5t 7 9 effect4