A bill to amend the Employee Retirement Income Security Act of 1974 to allow interests in publicly traded partnerships to be treated as qualifying employer securities.

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to include any interest in Master Limited Partnerships within the definition of "qualifying employer security," thereby exempting the interests from limitations with respect to the acquisition and holding of securities by certain employee plans. Applies this treatment retroactively to interests acquired before, on, or after January 1, 1987.