This Act may be cited as the Multiemployer Plan Relief Act.

(a) In general Section 414A(c)(3) of the Internal Revenue Code of 1986 is amended— (1) in the heading, by striking governmental and church plans and inserting governmental, church plans, and multiemployer plans, and (2) by striking 414(d)) or any church plan (within the meaning of section 414(e)) and inserting 414(d)), any church plan (within the meaning of section 414(e)), or any multiemployer plan (within the meaning of section 414(f)). (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.