The law › Title 29, Labor › Chapter 18
29 U.S.C. 1342: Institution of termination proceedings by the corporation
Created in 1974 by Public Law 93-406. Changed by 8 later laws. No bill we track in this Congress changes it.
10 other sections of the Code cite this one, including 29 U.S.C. 1305, 29 U.S.C. 1306, 29 U.S.C. 1307, 29 U.S.C. 1322, 29 U.S.C. 1341.
1 part of federal rules cite it as their authority, written by Pension Benefit Guaranty Corporation (1).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2008
- Pub. L. 110–458 substituted ", the plan sponsor, or the corporation" for "and plan sponsor" and "subparagraph (A)" for "subparagraph (A)(i)". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (c)
2006
- Pub. L. 109–280 designated first par. as par. (1), redesignated par. (3) as (2), and added a new par. (3). (Pension Protection Act of 2006) Law text · (c)
1994
- Pub. L. 103–465 substituted "1343(c)(7)" for "1343(b)(7)". · (a)
1989
- Pub. L. 101–239, §7893(e), inserted period after "terms of the plan" at end of second sentence. · (a)
- Pub. L. 101–239, §7881(g)(7), made technical correction to directory language of Pub. L. 100–203, §9314(b), see 1987 Amendment note below. · (a)
- Pub. L. 101–239, §7891(a)(1), 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. · (a), (d)
1987
- Pub. L. 100–203, §9314(b), as amended by Pub. L. 101–239, §7881(g)(7), amended last sentence generally. Prior to amendment, last sentence read as follows: "The corporation is authorized to pool the assets of terminated plans for purposes of administration and such other purposes, not i… · (a)
- Pub. L. 100–203, §9314(b), added par. (3). Another section 9314(b) of Pub. L. 100–203 amended subsec. (a) of this section, see above. · (c)
- Pub. L. 100–203, §9312(c)(3), struck out subsec. (i) which read as follows: "In any case in which a plan is terminated under this section in a termination proceeding initiated by the corporation pursuant to subsection (a), the corporation shall establish a separate trust in connection … · (i)
1986
- Pub. L. 99–272, §11010(c), substituted "Institution of termination proceedings by the corporation" for "Termination by corporation" in section catchline.
- Pub. L. 99–272, §11010(a)(1)(B), in provision following par. (4) inserted provision that the corporation as soon as practicable institute proceedings under this section to terminate a single-employer plan whenever the corporation determines that the plan does not have assets available … · (a)
- Pub. L. 99–272, §11010(a)(1)(A), substituted "will be" for "is". · (a)
- Pub. L. 99–272, §11010(a)(2)(A), inserted "or is required under subsection (a) to institute proceedings under this section,". · (b)
- Pub. L. 99–272, §11010(a)(2)(B), substituted "is required under subsection (a) of this section to commence proceedings under this section with respect to a plan or, after issuing a notice under this section to a plan administrator," for "has issued a notice under this section to a plan… · (c)
- Pub. L. 99–272, §11016(c)(10), inserted ", including but not limited to the power to collect from the persons obligated to meet the requirements of section 1082 of this title or the terms of the plan". · (d)
- Pub. L. 99–272, §11016(c)(11), substituted "those of a trustee under section 704 of title 11" for "a trustee appointed under section 75 of title 11". · (d)
- Pub. L. 99–272, §11010(b), added subsec. (i). · (i)
1980
- Pub. L. 96–364, §402(a)(6)(A), substituted "terminated plans" for "such small plans". · (a)
- Pub. L. 96–364, §402(a)(6)(B), redesignated existing provisions as par. (1) and added pars. (2) and (3). · (b)
- Pub. L. 96–364, §402(a)(6)(C), (D), substituted "unreasonable" for "further" wherever appearing, and "of the participants or" for "of the participants and". · (c)
- Pub. L. 96–364, §402(a)(6)(E), added cls. (v) and (vii) and redesignated former cl. (v) as (vi). · (d)
- Pub. L. 96–364, §402(a)(6)(F), (G), in cl. (i) substituted "requirements of this subchapter" for "allocation requirements of section 1344 of this title", and in cl. (iv) struck out exception respecting adverse party status of corporation. · (d)
- Pub. L. 96–364, §402(a)(6)(H)–(J), added subpars. (D) to (F). · (d)
1978
- Pub. L. 95–598 substituted "of a court of the United States having jurisdiction over cases under chapter 11 of title 11" for "of a court of bankruptcy and of a court in a proceeding under chapter X of the Bankruptcy Act" in first sentence and struck out "bankruptcy," before "mortgage f… · (f)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.