1. Short title This Act may be cited as the Pension Stability Act . 2. User fees (a) In general Not later than 6 months after the date of enactment of this Act, the Secretary of Labor (referred to in this section as the Secretary ) shall promulgate regulations establishing user fees applicable to large regulated banks, savings and loan associations, insurance companies, and federally registered investment advisors (referred to in this section as entities ) that— (1) meet the definition of a qualified professional asset manager , as set forth by the Secretary; and (2) apply for an individual exemption, pursuant to the Prohibited Transaction Exemption 84–14, from the prohibitions of section 406 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1106 ) and the sanctions resulting from the application of section 4975 of the Internal Revenue Code of 1986, despite the inability of such entities to comply with section I(g) of this exemption. (b) User fee amounts (1) General fees In establishing user fees under subsection (a), the Secretary shall ensure that such fees— (A) are not less than $1,000,000 per application for an individual exemption under section I(g) of Prohibited Transaction Exemption 84–14