SEC. 327. EFFECTIVE DATES. (a) In general.— The provisions of, and amendments made by, this part shall apply to contracts issued after December 31, 1996. The provisions of section 321(f) (relating to transition rule) shall apply to such contracts. 110 STAT. 2067 (b) Issuers.— The amendments made by section 326 shall apply to actions taken after December 31, 1996.