120 STAT. 3574
PUBLIC LAW 109–478—JAN. 12, 2007
shall be $700, except that for each year after 2007, ‘the monthly allowable earnings’ amount shall be the larger of the amount for the previous year or the amount calculated by multiplying $700 by the ratio of the national average wage index for the year 2 calender years before the year for which the amount is being calculated to the national average wage index for the year 2005. The amount so computed will be rounded to the next higher multiple of $10 where such amount is a multiple of $5 but not of $10 and to the nearest multiple of $10 in any other case.’’. (b) EFFECTIVE DATE.—The amendments made by this section take effect January 1, 2007. Approved January 12, 2007.
LEGISLATIVE HISTORY—H.R. 5483: HOUSE REPORTS: No. 109–669 (Comm. on Transportation and Infrastructure). CONGRESSIONAL RECORD, Vol. 152 (2006): Sept. 27, considered and passed House. Dec. 8, considered and passed Senate.
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