EXTENSION OF CURRENT FUNDING STABILIZATION PERCENTAGES TO 2018, 2019, AND 2020.

SEC. 504. EXTENSION OF CURRENT FUNDING STABILIZATION PERCENTAGES TO 2018, 2019, AND 2020. (a) [26 U.S.C. 430] Funding Stabilization Under the Internal Revenue Code of 1986.—The table in subclause (II) of section 430(h)(2)(C)(iv) of the Internal Revenue Code of 1986 is amended to read as follows: ``If the calendar year is:The applicable minimum percentage is:The applicable maximum percentage is:2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, or 202090%110%202185%115%202280%120%202375%125%After 202370%130%''. (b) Funding Stabilization Under Employee Retirement Income Security Act of 1974.— (1) In general.—The table in subclause (II) of section 303(h)(2)(C)(iv) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1083(h)(2)(C)(iv)) is amended to read as follows: ``If the calendar year is:The applicable minimum percentage is:The applicable maximum percentage is:2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, or 202090%110%202185%115%202280%120%202375%125%After 202370%130%''. (2) Conforming Amendments.— (A) In general.—Section 101(f)(2)(D) of such Act (29 U.S.C. 1021(f)(2)(D)) is amended— (i) in clause (i) by striking “and the Highway and Transportation Funding Act of 2014” both places it appears and inserting “, the Highway and Transportation Funding Act of 2014, and the Bipartisan Budget Act of 2015”; and (ii) in clause (ii) by striking “2020” and inserting “2023”. (B) Statements.—The Secretary of Labor shall modify the statements required under subclauses (I) and (II) of section 101(f)(2)(D)(i) of such Act to conform to the amendments made by this section. (c) [26 U.S.C. 430 note] Effective Date.—The amendments made by this section shall apply with respect to plan years beginning after December 31, 2015.