A bill to amend the Employee Retirement Income Security Act of 1974 with respect to the treatment of certain terminated plans.

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide that if any single-employer plan is terminated and, as of the termination date, the contributing sponsor of such plan is under the jurisdiction of a court in a case under Federal bankruptcy law, then nothing in ERISA or any other provision of law shall be construed as permitting the Pension Benefit Guaranty Corporation to treat such plan as not terminated unless such court approves such treatment.