; and (B) by striking the second sentence and adding at the end the following: (2) Special requirements for multiemployer plans Paragraph (1) shall not apply to any transaction to the extent that participants either before or after the transaction are covered under a multiemployer plan to which title IV of this Act applies or a composite plan. . (2) Amendments to Internal Revenue Code of 1986 (A) Qualification requirement Section 401(a)(12) of the Internal Revenue Code of 1986 is amended— (i) by striking (12) A trust and inserting the following: (12) Benefits after merger, consolidation, or transfer of assets (A) In general Except as provided in subparagraph (B), a trust ; (ii) by striking the second sentence; and (iii) by adding at the end the following: (B) Special requirements for multiemployer plans Subparagraph (A) shall not apply to any multiemployer plan with respect to any transaction to the extent that participants either before or after the transaction are covered under a multiemployer plan to which title IV of the Employee Retirement Income Security Act of 1974 applies or a composite plan. . (B) Additional qualification requirement Paragraph (1) of section 414(l) of such Code is amended— (i) by striking (1) In general and all that follows through shall not constitute and inserting the following: (1) Benefit protections: merger, consolidation, transfer (A) In general Except as provided in subparagraph (B), a trust which forms a part of a plan shall not constitute ; and (ii) by striking the second sentence