To provide that the new nondiscrimination requirements for coverage and benefits under certain statutory employee benefit plans will not take effect until the Internal Revenue Service issues regulations to implement such requirements.

Amends the Tax Reform Act of 1986 to delay application of the new nondiscrimination requirements for coverage and benefits under certain statutory employee benefit plans until one year following the Secretary of the Treasury's promulgation of regulations to implement the relevant Internal Revenue Code provisions (section 89).