Title 29 — Labor
Part 2 · Chapter 18 — Employee Retirement Income Security Program
§ 1231. Congressional study
Statutory text
The Committee on Education and Labor and the Committee on Ways and Means of the House of Representatives and the Committee on Finance and the Committee on Labor and Public Welfare of the Senate shall study retirement plans established and maintained or financed (directly or indirectly) by the Government of the United States, by any State (including the District of Columbia) or political subdivision thereof, or by any agency or instrumentality of any of the foregoing. Such study shall include an analysis of—
the adequacy of existing levels of participation, vesting, and financing arrangements,
existing fiduciary standards, and
the necessity for Federal legislation and standards with respect to such plans.
In determining whether any such plan is adequately financed, each committee shall consider the necessity for minimum funding standards, as well as the taxing power of the government maintaining the plan.
Not later than , the Committee on Education and Labor and the Committee on Ways and Means shall each submit to the House of Representatives the results of the studies conducted under this section, together with such recommendations as they deem appropriate. The Committee on Finance and the Committee on Labor and Public Welfare shall each submit to the Senate the results of the studies conducted under this section together with such recommendations as they deem appropriate not later than such date.
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.
Employee Retirement Income Security Act of 1974
Pub. L. 93–406 title III § 3031 · 88 Stat. 829
Enacted · 29 U.S.C. § 1231
(Pub. L. 93–406, title III, § 3031, Sept. 2, 1974, 88 Stat. 999.)
Source evidence
Code source credit
(Pub. L. 93–406, title III, § 3031, Sept. 2, 1974, 88 Stat. 999.)Enacted provision · exact public law section
Sec. 3031. congressional study (a) The Committee on Education and Labor and the 29 USC 1231. Committee on Ways and Means of the House of Representatives and the Committee on Finance and the Committee on Labor and Public Welfare of the Senate shall study retirement plans established and maintained or financed (directly or indirectly) by the Government of the United States, by any State (including the District of Columbia) or political subdivision thereof, or by any agency or instrumentality of any of the foregoing. Such study shall include an analysis of— (1) the adequacy of existing levels of participation, vesting, and financing arrangements, (2) existing fiduciary standards, and (3) the necessity for Federal legislation and standards with respect to such plans. In determining whether any such plan is adequately financed, each committee shall consider the necessity for minimum funding standards, as well as the taxing power of the government maintaining the plan. (b) Not later than December 31, 1976, the Committee on Education Report to House and Senate. and Labor and the Committee on Ways and Means shall each submit to the House of Representatives the results of the studies conducted under this section, together with such recommendations as they deem appropriate. The Committee on Finance and the Committee on Labor and Public Welfare shall each submit to the Senate the results of the studies conducted under this section together with such recommendations as they deem appropriate not later than such date.
1 of 1 references resolved to an enrolled provision
Statutory Notes and Related Subsidiaries
Change of Name
Committee on Education and Labor of House of Representatives changed to Committee on Education and the Workforce of House of Representatives by House Resolution No. 5, One Hundred Eighteenth Congress, .
Committee on Labor and Public Welfare of Senate abolished and replaced by Committee on Human Resources of Senate, effective . See Rule XXV of Standing Rules of Senate, as amended by Senate Resolution No. 4 (popularly cited as the “Committee System Reorganization Amendments of 1977”), approved . Committee on Human Resources of Senate changed to Committee on Labor and Human Resources of Senate, effective , by Senate Resolution No. 30, 96th Congress. See, also, Rule XXV of Standing Rules of Senate adopted . Committee on Labor and Human Resources of Senate changed to Committee on Health, Education, Labor, and Pensions of Senate by Senate Resolution No. 20, One Hundred Sixth Congress, .