MEASURES TO FORESTALL INSOLVENCY OF MULTIEMPLOYER PLANS.

SEC. 213. MEASURES TO FORESTALL INSOLVENCY OF MULTIEMPLOYER PLANS.(a) Advance Determination of Impending Insolvency Over 5 Years.—Section 418E(d)(1) of the Internal Revenue Code of 1986 is amended—(1) by striking “3 plan years” the second place it appears and inserting “5 plan years”; and(2) by adding at the end the following new sentence: “If the plan sponsor makes such a determination that the plan will be insolvent in any of the next 5 plan years, the plan 120 STAT. 918 sponsor shall make the comparison under this paragraph at least annually until the plan sponsor makes a determination that the plan will not be insolvent in any of the next 5 plan years.”.(b) Effective Date.—The amendments made by this section shall apply with respect to the determinations made in plan years beginning after 2007.