1. Short title This Act may be cited as the Pension Accountability Act . 2. Benefit suspensions for multiemployer plans in critical and declining status (a) ERISA amendments Section 305(e)(9)(H) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1085(e)(9)(H)) is amended— (1) in clause (ii)— (A) by striking Except as provided in clause (v), the and inserting The ; and (B) by striking a majority of all participants and beneficiaries of the plan and inserting , of the participants and beneficiaries of the plan who cast a vote, a majority ; (2) by striking clause (v); (3) by redesignating clause (vi) as clause (v); and (4) in clause (v), as so redesignated— (A) by striking (or following a determination under clause (v) that the plan is a systemically important plan) ; and (B) by striking (or, in the case of a suspension that goes into effect under clause (v), at a time sufficient to allow the implementation of the suspension prior to the end of the 90-day period described in clause (v)(I)) . (b) IRC amendments Section 432(e)(9)(H) of the Internal Revenue Code of 1986 is amended— (1) in clause (ii)— (A) by striking Except as provided in clause (v), the and inserting The ; and (B) by striking a majority of all participants and beneficiaries of the plan and inserting , of the participants and beneficiaries of the plan who cast a vote, a majority ; (2) by striking clause (v); (3) by redesignating clause (vi) as clause (v); and (4) in clause (v), as so redesignated— (A) by striking (or following a determination under clause (v) that the plan is a systemically important plan)