new item: Sec. 149A. Reporting with respect to certain State or local government retirement plans. . 3. General provisions and rules of construction (a) Limitations on Federal responsibilities relating to plan obligations and liabilities The United States shall not be liable for any obligation related to any current or future shortfall in any State or local government applicable retirement plan. Nothing in this Act (or any amendment made by this Act) or any other provision of law shall be construed to provide Federal Government funds to diminish or meet any current or future shortfall in, or obligation of, any State or local government applicable retirement plan. The preceding sentence shall also apply to the Federal Reserve. (b) No Federal funding standards Nothing in this Act (or any amendment made by this Act) shall be construed to alter existing funding standards for State or local government applicable retirement plans or to require Federal funding standards for such plans. (c) Definitions Terms used in this section which are also used in section 149A of the Internal Revenue Code of 1986 shall have the same meaning as when used in such section.