; special rule for owners Subparagraphs (B)(iv)(I) and (C)(ii)(I) of section 401(a)(9) of such Code are each amended by striking age 70 1/2 and inserting age 72 . (c) Actuarial adjustment Section 401(a)(9)(C)(iii) of such Code is amended by striking age 70 1/2 each place it appears and inserting age 72 . (d) Conforming amendments (1) The last sentence of section 408(b) of such Code is amended by striking age 70 1/2 and inserting age 72 . (2) Section 457(d)(1)(A)(i) of such Code is amended by striking age 70 1/2 and inserting age 72 . (e) Effective date The amendments made by this section shall apply to distributions required to be made after December 31, 2019, with respect to individuals who attain age 70 1/2 after such date. 114. Special rules for minimum funding standards for community newspaper plans (a) Amendment to Internal Revenue Code of 1986 Section 430 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (m) Special rules for community newspaper plans (1) In general The plan sponsor of a community newspaper plan under which no participant has had the participant's accrued benefit increased (whether because of service or compensation) after December 31, 2017, may elect to have the alternative standards described in paragraph (3) apply to such plan, and any plan sponsored by any member of the same controlled group. (2) Election An election under paragraph (1) shall be made at such time and in such manner as prescribed by the Secretary. Such election, once made with respect to a plan year, shall apply to all subsequent plan years unless revoked with the consent of the Secretary. (3) Alternative minimum funding standards The alternative standards described in this paragraph are the following: (A) Interest rates (i) In general Notwithstanding subsection (h)(2)(C) and except as provided in clause (ii), the first, second, and third segment rates in effect for any month for purposes of this section shall be 8 percent. (ii) New benefit accruals Notwithstanding