A bill to amend the Internal Revenue Code of 1954 with respect to the vesting and discrimination requirements which apply to certain employer plans.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that deferred compensation plans shall not be deemed as not satisfying minimum vesting standards even if there is a reasonable likelihood that the accrual of benefits or forfeitures under such plans will tend to discriminate in favor of employees who are officers, shareholders, or highly compensated.…