§ 1231. Congressional study
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/usc/title-29/section-1231A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)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—
(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 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.
(Pub. L. 93–406, title III, § 3031, Sept. 2, 1974, 88 Stat. 999.)
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- Pub. L. 93–406, title III, § 3031
- 88 Stat. 999
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§ 1231
Congressional study
Stat.×1
Pub. L.Pub. L. 93–406, title III, § 3031
Stat.88 Stat. 999
Cites 2Cited by 1 across 1 source