; or (B) the day after the date specified in subsection (a) or (b), whichever is applicable; or (2) the date that is 3 years after the applicable day described in paragraph (1)(B). (d) Provisions relating to plan amendments (1) In general If this paragraph applies to any plan or contract amendment, such plan or contract shall be treated as being operated in accordance with the terms of the plan during the period described in paragraph (2)(C). (2) Amendments to which paragraph (1) applies (A) In general Paragraph (1) shall apply to any amendment to any plan or annuity contract which is made— (i) pursuant to the amendments made by section 2 or 3 or pursuant to any regulation issued under either such section; and (ii) on or before the last day of the first plan year beginning on or after the date that is 3 years after the applicable day described in subsection (c)(1)(B). In the case of a governmental plan (as defined in section 414(d) of the Internal Revenue Code of 1986), this subparagraph shall be applied by substituting 5 years for 3 years in clause (ii). (B) Conditions Subparagraph (A) shall not apply to any amendment unless— (i) the plan or contract is operated as if such plan or contract amendment were in effect for the period described in subparagraph (C); and (ii) such plan or contract amendment applies retroactively for such period. (C) Period described The period described in this subparagraph is the period— (i) beginning on the effective date specified by the plan; and (ii) ending on the date described in subparagraph (A)(ii) (or, if earlier, the date the plan or contract amendment is adopted). 6. Access to independent consumer information and understanding (a) Definitions As used in this section— (1) the term consumer means any person who purchases or acquires any goods, products, services, or credit related to the retirement or later life economic security of the consumer