obtained by him under this section to the Director of the Pension Benefit Guaranty Corporation. . 307. Exemption from required minimum distribution rules for individuals with certain account balances (a) In general Section 401(a)(9) of the Internal Revenue Code of 1986, as amended by the preceding provisions of this Act, is further amended by adding at the end the following new subparagraph: (L) Exception from required minimum distributions during life of employee where assets do not exceed $100,000 (i) In general If, as of a measurement date, the aggregate value of an employee’s entire interest under all defined contribution plans does not exceed $100,000, then, during any succeeding calendar year beginning before the next measurement date, the requirements of subparagraph (A) shall not apply with respect to such employee. (ii) Defined contribution plan For purposes of this subparagraph, the term defined contribution plan has the same meaning as when used in subparagraph (H). (iii) Limit on required minimum distribution The required minimum distribution determined under subparagraph (A) for an employee under all defined contribution plans shall not exceed an amount equal to the excess of— (I) the aggregate value of an employee’s entire interest under such plans on the last day of the calendar year to which such distribution relates, over (II) the dollar amount in effect under clause (i) for such calendar year. The Secretary in regulations or other guidance may provide how such amount shall be distributed in the case of an individual with more than one defined contribution plan. (iv) Measurement date For purposes of this subparagraph, the term measurement date means, with respect to any employee— (I) the last day of the calendar year preceding the calendar year in which the employee attains age 75, and (II) in the case of any employee who (after a measurement date determined under subclause (I) with respect to such employee) receives contributions, rollovers, or transfers of amounts that were not previously