1. Short title This Act may be cited as the Pension Accountability Act . 2. Benefit suspensions for multiemployer plans in critical and declining status (a) ERISA amendments Section 305(e)(9)(H) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1085(e)(9)(H) ) is amended— (1) in clause (ii)— (A) by striking Except as provided in clause (v), the and inserting The ; and (B) by striking a majority of all participants and beneficiaries of the plan and inserting , of the participants and beneficiaries of the plan who cast a vote, a majority ; (2) by striking clause (v); (3) by redesignating clause (vi) as clause (v); and (4) in clause (v), as so redesignated— (A) by striking (or following a determination under clause (v) that the plan is a systemically important plan) ; and (B) by striking (or, in the case of a suspension that goes into effect under clause (v), at a time sufficient to allow the implementation of the suspension prior to the end of the 90-day period described in clause (v)(I)) . (b) IRC amendments Section 432(e)(9)(H) of the Internal Revenue Code of 1986 is amended— (1) in clause (ii)— (A) by striking Except as provided in clause (v), the and inserting The ; and (B) by striking a majority of all participants and beneficiaries of the plan and inserting , of the participants and beneficiaries of the plan who cast a vote, a majority ; (2) by striking clause (v); (3) by redesignating clause (vi) as clause (v); and (4) in clause (v), as so redesignated— (A) by striking (or following a determination under clause (v) that the plan is a systemically important plan)