; (B) by striking December 31, 2006 and inserting December 31, 2020 ; and (C) by striking July 1, 2005 and inserting July 1, 2019 . (3) Conforming amendment Clause (ii) of section 402(g)(7)(A) of such Code is amended by striking $15,000 and inserting $25,000 . (b) 457 plans (1) In general Subparagraph (A) of section 457(e)(15) of the Internal Revenue Code of 1986 is amended by striking $15,000 and inserting $25,000 . (2) Cost-of-living adjustment Subparagraph (B) of section 457(e)(15) of such Code is amended— (A) by striking $15,000 and inserting $25,000 ; (B) by striking December 31, 2006 and inserting December 31, 2020