LINE OF CREDIT REPEAL.

SEC. 40234. LINE OF CREDIT REPEAL. (a) In General.—Subsection (c) of section 4005 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1305) is repealed. (b) Conforming Amendments.— (1) Section 4005 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1305) is amended— (A) in subsection (b)— (i) paragraph (1)— (I) by striking subparagraph (A); and (II) by redesignating subparagraphs (B) through (G) as subparagraphs (A) through (F), respectively; (ii) in paragraph (2)— (I) by striking subparagraph (C); and (II) by redesignating subparagraphs (D) and (E) as subparagraphs (C) and (D), respectively; and (iii) in paragraph (3), by striking “but,” and all that follows through the end and inserting a period; and (B) in subsection (g)— (i) by striking paragraph (2); and (ii) by redesignating paragraph (3) as paragraph (2). (2) Section 4402 of such Act (29 U.S.C. 1461) is amended— (A) in subsection (c)(4)— (i) by striking subparagraph (C); and (ii) by redesignating subparagraph (D) as subparagraph (C); and (B) in subsection (d), by striking “or (D)”.