EXTENSION OF INTEREST RATE STABILIZATION.

SEC. 80602. EXTENSION OF INTEREST RATE STABILIZATION. (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:Any year in the period starting in 2012 and ending in 201990%110%Any year in the period starting in 2020 and ending in 203095%105%203190%110%203285%115%203380%120%203475%125%After 203470%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:Any year in the period starting in 2012 and ending in 201990%110%Any year in the period starting in 2020 and ending in 203095%105%203190%110%203285%115%203380%120%203475%125%After 203470%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 American Rescue Plan Act of 2021” both places it appears and inserting “, the American Rescue Plan Act of 2021, and the Infrastructure Investment and Jobs Act”, and (ii) in clause (ii), by striking “2029” and inserting “2034”. (B) [29 U.S.C. 1021 note] 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, 2021.