LOANS TO ACQUIRE EMPLOYER SECURITIES.

SEC. 6061. LOANS TO ACQUIRE EMPLOYER SECURITIES. Notwithstanding the last sentence of section 111B(h)(5)(A) of this Act, the amendments made by paragraphs (1) and (2) of section 111B(h) of this Act shall not apply to any loan used to refinance a loan described in section 133(b)(1)(A) of the 1986 Code which is made before October 22, 1986, if the terms of the refinanced loan do not extend the total commitment period beyond the later of— (1) the term of the original securities acquisition loan, or (2) the amortization period used to determine the regular payments (prior to any final or balloon payment) applicable to the original securities acquisition loan.