• •Applicable to all plans that offer company stock effective 12/31/07

• •Minimum bond requirement increased from $500k to $1MM

• •SEC. 622. INCREASE IN MAXIMUM BOND AMOUNT.

(a) IN GENERAL.—Section 412(a) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1112), as amended by section 611(b), is amended by adding at the end the following: ‘‘In the case of a plan that holds employer securities (within the meaning of section 407(d)(1)), this subsection shall be applied by substituting ‘$1,000,000’ for ‘$500,000’ each place it appears.’’(b) EFFECTIVE DATE.—The amendment made by this section shall apply to plan years beginning after December 31, 2007.