Page:United States Statutes at Large Volume 100 Part 5.djvu/868

 100 STAT. 4342

CONCURRENT RESOLUTIONS—MAR. 26, 1986

•

serve as trustee of the trust for purposes of conducting negotiations and assessing and collecting liability pursuant to section 4062(c). "(B) ADMINISTRATION OF TRUST.— "(i) CORPORATION'S FUNCTIONS.—Except as provided

iC

in clause (ii), the corporation shall serve as trustee of the trust for purposes of administering the trust, including making distributions from the trust to participants and beneficiaries. "(ii) DESIGNATION OF FIDUCIARY IF COST-EFFECTIVE.—If

the corporation determines that it would be cost-effective to do so, it may designate a fiduciary (within the . ^ > meaning of section 3(21)), including the fiduciary designated under subparagraph (A), to perform the functions described in clause (i).". (33) SECTION 11012(a).—In section 11012(a) of the bill, in section 4049(c)(1)(A) of ERISA, as proposed to be added, strike out " of the second place it appears and insert in lieu thereof "to". (34) SECTION 11012(a).—In section 11012(a) of the bill, redesignate the second subsection (c) of section 4049 of ERISA, as proposed to be added, as subsection (d). (35) SECTION iioi20t>).—In section 110120t)) of the bill, in section 501(c)(24) of the Internal Revenue Code of 1954, as proposed to be added, strike out "1985" and insert in lieu thereof "1986". (36) SECTION 11012(c).—In section 11012(c) of the bill, insert "of such Code" after "section 402(a)". (37) SECTION 11012(d).—In section 11012(d) of the bill, strike out "incurred under" and insert in lieu thereof "otherwise payable as provided in". (38) SECTION 11013(b).—In section 11013(b) of the bill, strike out "the date described in section 11019(a)" and insert in lieu thereof "January 1, 1986". (39) SECTION 11014(a).—In section 11014(a) of the bill, in section 4070(a) of ERISA, as proposed to be added, strike out "A person" and insert in lieu thereof "Any person", strike out "who is adversely" and insert in lieu thereof "is adversely", strike out "an employee organization which represents" and insert in lieu thereof "who is an employee organization representing", and by inserting "so adversely affected" after "beneficiary". (40) SECTION iioi4(b)(i).—In section 11014(b)(1) of the bill— (A) in section 4003(fKl) of ERISA, as proposed to be amended, strike out "who is adversely" and insert in lieu ' thereof "is adversely", strike out "and any employee organization which represents" and insert in lieu thereof ", or who is an employee organization representing", and by inserting "so adversely affected" after "beneficiary"; and (B) in section 4003(f)(2)(B) of ERISA, as proposed to be amended, insert "for the judicial district" after "district court". (41) SECTION 11014(b)(2).—In section 11014(b)(2) of the bill, in section 4003(e)(6)(C) of ERISA, as proposed to be amended, strike out "if such date is later than the date described in clause (i)". (42) SECTION iioi5(a)(2)(A).—In section 11015(a)(2)(A) of the bill— (A) in section 412(f)(3)(C)(i) of the Internal Revenue Code of 1954, as proposed to be added, strike out "oustanding" in

�