employee stock ownership plan

(6) The term “employee stock ownership plan” means an individual account plan— (A) which is a stock bonus plan which is qualified, or a stock bonus plan and money purchase plan both of which are qualified, under section 401 of title 26 , and which is designed to invest primarily in qualifying employer securities, and (B) which meets such other requirements as the Secretary of the Treasury may prescribe by regulation.

Source

29 USC § 1107(d)(6)


Scoping language

For purposes of this section
Is this correct? or