29 U.S.C. § 1222

Duties

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(a) The Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force shall, within 24 months after September 2, 1974, 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.(Pub. L. 93–406, title III, § 3022, Sept. 2, 1974, 88 Stat. 999; Pub. L. 94–455, title VIII, § 803(i)(1), (2)(A)(iii), Oct. 4, 1976, 90 Stat. 1590, 1591; Pub. L. 101–239, title VII, § 7891(a)(1), Dec. 19, 1989, 103 Stat. 2445.)Editorial NotesAmendments

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 SubsidiariesEffective 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.

Notes of Decisions
Cited in 4 cases, 1977–1989 · leading case: Fmc Corp. v. Cynthia Ann Holliday, 885 F.2d 79 (3rd Cir. 1989).
Fmc Corp. v. Cynthia Ann Holliday, 885 F.2d 79 (3rd Cir. 1989). “5 29 U.S.C. § 1222 (a)(5). The net effect of these changes reinforces the view that Congress intended the deemer clause to protect core ERISA concerns within the context of the insurance regulation exception to preemption.”
Wadsworth v. Whaland, 562 F.2d 70 (1st Cir. 1977). “” 29 U.S.C § 1222(a)(4). . The McCarran-Ferguson Act provides that no state insurance law is to be superseded by federal law unless that law specifically relates to the business of insurance.”
Delta Air Lines, Inc. v. Kramarsky, 650 F.2d 1287 (2d Cir. 1981). “See also 29 U.S.C. § 1222 (a)(4); H.R.Conf.Rep.No.”
N. Grp. Servs., Inc. v. Auto Owners Ins., 833 F.2d 85 (6th Cir. 1987). “” 29 U.S.C. § 1222 . In 1977, the Activity Report of the House Committee on Education and Labor expressed the opinion that the “deemed” language was utilized to create an irrebuttable presumption that these plans are not insurance, trust companies, etc.”
— 29 U.S.C. § 1222(a)(4) — 1 case
Wadsworth v. Whaland, 562 F.2d 70 (1st Cir. 1977). “” 29 U.S.C § 1222(a)(4). . The McCarran-Ferguson Act provides that no state insurance law is to be superseded by federal law unless that law specifically relates to the business of insurance.”
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