taken into account under section 401(k)(13)(C)(i) of the Internal Revenue Code of 1986 by reason of an election described in section 401(k)(13)(C)(iv)(II) of such Code (as in effect for plan years beginning on or before the date of the enactment of this Act) to not participate in an arrangement described in section 401(k)(13)(C)(iv)(I) of such Code. (b) Eligible automatic contribution arrangements Section 414(w)(3) of the Internal Revenue Code of 1986 is amended— (1) by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively, and moving the margins of such clauses 2 ems to the right