Summary

Repeals the statutory provision codified at 15 U.S.C. 37B (Section 207 of the Pension Funding Equity Act of 2004) and sets a single effective date: the March 18 that first occurs after the Act is enacted. The measure contains no funding, no new program authorizations, and no other changes beyond the repeal and the effective-date clause.

Key Points

• Removes the statutory provision found at 15 U.S.C. 37B (formerly Section 207 of the Pension Funding Equity Act of 2004).
• Sets a single effective date: the March 18 that first occurs after enactment.
• Does not add funding, create programs, or impose new federal obligations.
• On the effective date, any authorities, exceptions, or rules tied to 15 U.S.C. 37B cease to apply.
• Impacts depend on what the repealed provision currently did—stakeholders must review that provision to understand consequences.
• Federal agencies and plan administrators may need to update guidance, forms, and compliance systems.
• No transitional or replacement provisions are provided to soften the change.
• The measure is short and narrowly targeted to a single statutory repeal plus an effective-date clause.