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Title 29 — Labor

Part 1 · Chapter 18 — Employee Retirement Income Security Program

§ 1222. Duties

Statutory text

(a)

The Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force shall, within 24 months after , make a full study and review of—

(1)

the effect of the requirements of section 411 of title 26 and of section 1053 of this title to determine the extent of discrimination, if any, among employees in various age groups resulting from the application of such requirements;

(2)

means of providing for the portability of pension rights among different pension plans;

(3)

the appropriate treatment under subchapter III of this chapter (relating to termination insurance) of plans established and maintained by small employers;

(4)

the broadening of stock ownership, particularly with regard to employee stock ownership plans (as defined in section 4975(e)(7) of title 26 and section 1107(d)(6) of this title) and all other alternative methods for broadening stock ownership to the American labor force and others;

(5)

the effects and desirability of the Federal preemption of State and local law with respect to matters relating to pension and similar plans; and

(6)

such other matter as any of the committees referred to in section 1221 of this title may refer to it.

(b)

The Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force shall report the results of its study and review to each of the committees referred to in section 1221 of this title.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Employee Retirement Income Security Act of 1974

    Pub. L. 93–406 title III § 3022 · 88 Stat. 829

    Enacted · 29 U.S.C. § 1222

    Pub. L. 93–406, title III, § 3022, Sept. 2, 1974, 88 Stat. 999

    Source evidence

    Code source credit
    Pub. L. 93–406, title III, § 3022, Sept. 2, 1974, 88 Stat. 999

    Enacted provision · exact public law section
    Sec. 3022. duties (a) The Joint Pension Task Force shall, within 24 months 29 USC 1222. after the date of enactment of this Act, make a full study and review of— (1) the effect of the requirements of section 411 of the Internal Revenue Code of 1954 and of section 203 of this Act to determine Ante, pp. 901, 854. the extent of discrimination, if any, among employees in various age groups resulting from the application of such requirements; (2) means of providing for the portability of pension rights among different pension plans; (3) the appropriate treatment under title IV of this Act (relating Post, p. 1003. to termination insurance) of plans established and maintained by small employers; (4) the effects and desirability of the Federal preemption of State and local law with respect to matters relating to pension and similar plans; and (5) such other matter as any of the committees referred to in section 3021 may refer to it. Supra. (b) The Joint Pension Task Force shall report the results of its study and review to each of the committees referred to in section 3021.

  2. Pub. L. 94–455 § 803(i)(1) · 90 Stat. 1520

    1. Substituted · 29 U.S.C. § 1222(a)

      Pub. L. 94–455, § 803(i)(1), (2)(A)(iii), substituted “Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force” for “Joint Pension Task Force” in provision preceding par. (1)

    2. Redesignated · 29 U.S.C. § 1222(a)

      Pub. L. 94–455, § 803(i)(1), (2)(A)(iii), redesignated pars. (4) and (5) as (5) and (6), respectively

    3. Added · 29 U.S.C. § 1222(a)

      Pub. L. 94–455, § 803(i)(1), (2)(A)(iii), added par. (4)

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 94–455, § 803(i)(1), (2)(A)(iii), substituted “Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force” for “Joint Pension Task Force” in provision preceding par. (1), redesignated pars. (4) and (5) as (5) and (6), respectively, and added par. (4).

    Enacted provision · exact public law section
    (1) In general.— Section 3022(a) of the Employee Retirement Income Security Act of 1974 (relating to duties of Joint Pension Task Force) is amended— (A) by redesignating paragraphs (4) and (5) as (5) and (6),and (B) by inserting after paragraph (3) the following new paragraph: “(4) the broadening of stock ownership, particularly with regard to employee stock ownership plans (as defined in section 4975(e)(7) of the Internal Revenue Code of 1954 and section 407 (d)(6) of this Act) and all other alternative-methods for broadening stock ownership to the American labor force and others;”.

  3. Pub. L. 94–455 § 803(i)(2)(A)(iii) · 90 Stat. 1520

    Substituted · 29 U.S.C. § 1222(b)

    Pub. L. 94–455, § 803(i)(2)(A)(iii), substituted “Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force” for “Joint Pension Task Force”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 94–455, § 803(i)(2)(A)(iii), substituted “Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force” for “Joint Pension Task Force”.

    Enacted provision · exact public law section
    (iii) by striking out “Joint Pension” each place it appears in sections 3021 and 3022 and inserting in lieu 29 USC 1221, 1222. thereof the following: “Joint Pension, Profit-sharing, and Employee Stock Ownership Plan”.

  4. Revenue Reconciliation Act of 1989

    Pub. L. 101–239 title VII § 7891(a)(1) · 103 Stat. 2106

    Substituted · 29 U.S.C. § 1222(a)(1); 29 U.S.C. § 1222(a)(4)

    Pub. L. 101–239 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text

    Source evidence

    Code amendment note
    Subsec. (a)(1), (4). Pub. L. 101–239 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.

    Enacted provision · exact public law section
    (1) Titles I, III, and IV of ERISA (other than sections 3(37)(E), 29 USC 1001 et seq. 301(a)(7), and 308, the last sentence of section 408(d), and sections 414(c), 4001(a)(3)(ii), and 4303) are each amended by striking “Internal Revenue Code of 1954” each place it appears and inserting “Internal Revenue Code of 1986”.

    Effective date note
    Amendment by Pub. L. 101–239 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 7891(f) of Pub. L. 101–239, set out as a note under section 1002 of this title.

6 of 6 references resolved to an enrolled provision

Editorial Notes

Amendments1976–1989 · 2 rounds

1989

Subsec. (a)(1), (4). Pub. L. 101–239 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.

1976

Subsec. (a). Pub. L. 94–455, § 803(i)(1), (2)(A)(iii), substituted “Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force” for “Joint Pension Task Force” in provision preceding par. (1), redesignated pars. (4) and (5) as (5) and (6), respectively, and added par. (4).

Subsec. (b). Pub. L. 94–455, § 803(i)(2)(A)(iii), substituted “Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force” for “Joint Pension Task Force”.

Statutory Notes and Related Subsidiaries

Effective Date of 1989 Amendment

Amendment by Pub. L. 101–239 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 7891(f) of Pub. L. 101–239, set out as a note under section 1002 of this title.

Credits

1974–1989 · 3 acts
  1. 1974Pub. L. 93–406, title III, § 3022, , 88 Stat. 999
  2. 1976Pub. L. 94–455, title VIII, § 803(i)(1), (2)(A)(iii), , 90 Stat. 1590, 1591
  3. 1989Pub. L. 101–239, title VII, § 7891(a)(1), , 103 Stat. 2445.
Show as published

(Pub. L. 93–406, title III, § 3022, , 88 Stat. 999; Pub. L. 94–455, title VIII, § 803(i)(1), (2)(A)(iii), , 90 Stat. 1590, 1591; Pub. L. 101–239, title VII, § 7891(a)(1), , 103 Stat. 2445.)

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