A bill to amend the Internal Revenue Code of 1954 with respect to the requirement that certain qualified plans holding employer securities allow participants to direct how such securities are voted.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that certain qualified pension plans (other than profit-sharing plans) holding an employer's securities must allow participants to direct how such securities are voted only if the employer elects to be subject to the requirements of the employee stock ownership credit or the investment tax credit.…