PUBLIC LAW 94-236—MAR. 19, 1976 (2) any waiver of any requirement of the agreement by a plan or trust after December 5, 1975, such amendment or waiver shall take effect for purposes of subsection (a) on the date on which a copy of such amendment or waiver is submitted directly to the Secretary of the Treasury; except that, if the Secretary determines, not later than 30 days after such date of submission (or, if later, the date of the enactment of this Act) that the taking effect of such amendment or waiver for purposes of subsection (a) is inconsistent with the considerations set forth in subsection (a)(2), such amendment or waiver shall not be deemed to have been effective for any period for purposes of subsection (a). No amendment to the agreement which has the effect of extending the expiration date of the agreement to a date later than December 31, 1978, shall take effect for purposes of subsection (a). (c) The trustees of each pension plan or trust described in subsection (a) shall furnish a copy of the annual report filed by such plan or trust with the New York State Insurance Department for each fiscal year of the plan or trust beginning after June 30, 1975, and ending with the first fiscal year in which there are no obligations with respect to which subsection (a) applies, to the Secretary of the Treasury not later than 30 days after the date such report is filed with the New York State Insurance Department, and shall furnish such additional reports and other information as the Secretary of the Treasury may reasonably require. A copy of each such report shall be furnished by the Secretary of the TreasurY to the chairman of the Committee on Ways and Means of the House of Representatives and the chairman of the Committee on Finance of the Senate. (d) The Secretary of the Treasury or his delegate is authorized to prescribe such regulations as may be necessary to carry out the purposes of this Act. (e) This Act shall be effective on and after August 20, 1975. Approved March 19, 1976.
LEGISLATIVE HISTORY: HOUSE REPORT No. 94-851 (Comm. on Ways and Means). CONGRESSIONAL RECORD, VoL 122 (1976): Mar. 1, considered and passed House. Mar. 4, considered and passed Senate.
3-194 o—78—Dt 1
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90 STAT. 239 Waiver,
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Report to Secretary of the Treasury,
Regulations, Effective date.
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