EXTENSION OF AUTOMATIC EXTENSION OF AMORTIZATION PERIODS.

SEC. 171. EXTENSION OF AUTOMATIC EXTENSION OF AMORTIZATION PERIODS.(a) In General.—Subparagraph (C) of section 431(d)(1) is amended by striking “December 31, 2014” and inserting “December 31, 2015”.(b) Amendment to Employee Retirement Income Security Act of 1974.—Subparagraph (C) of section 304(d)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1084(d)(1)(C)) is amended by striking “December 31, 2014” and inserting “December 31, 2015”.(c) Effective Date.—The amendments made by this section shall apply to applications submitted under section 431(d)(1)(A) of the Internal Revenue Code of 1986 and section 304(d)(1)(C) 128 STAT. 4024 of the Employee Retirement Income Security Act of 1974 after December 31, 2014.