Page:United States Statutes at Large Volume 108 Part 6.djvu/475

 V -i- * "^'*|^v!^^«ftS:*~i'.•*; PUBLIC LAW 103-465—DEC. 8, 1994 108 STAT. 5043 "(4) The corporation may waive the requirement of this subsection with respect to any or all reportable events with respect to any contributing sponsor." (c) NEW REPORTABLE EVENTS.— Subsection (c) of section 4043 of such Act (as redesignated by subsection (h)) is amended— 29 USC 1343. (1) by striking the "o^ at the end of paragraph (8); (2) by striking paragraph (9); and (3) by inserting after.paragraph (8) the following new paragraphs: . -!.' "(9) when, as a result of an event, a person ceases to be a member of the controlled group; "(10) when a contributing sponsor or a member of a contributing sponsor's controlled group liquidates in a case under title 11, United States Code, or under any similar Federal law or law of a State or poHtical subdivision of a State; "(11) when a contributing sponsor or a member of a contributing sponsor's controlled group declares an extraordinary dividend (as defined in section 1059(c) of the Internal Revenue Code of 1986) or redeems, in any 12-month period, an aggregate of 10 percent or more of the total combined voting power of all classes of stock entitied to vote, or an aggregate of 10 percent or more of the total value of shares of all classes of stock, of a contributing sponsor and all members of its controlled group; "(12) when, in any 12-month period, an aggregate of 3 percent or more of the benefit Uabilities of a plan covered by this title and maintained by a contributing sponsor or a member of its controlled group are transferred to a person that is not a meniber of the controlled group or to a plan or plans maintained by a person or persons that are not such a contributing sponsor or a member of its controlled group; or "(13) when any other event occurs that may be indicative of a need to terminate the plan and that is prescribed by the corporation in regulations." (d) DISCLOSURE EXISMPTION. — Section 4043 of such Act is amended by adding at the end the following new subsection: "(f) Any information or documentary material submitted to the corporation pursuant to this section shall be exempt from disclosure under section 552 of title 5, United States Code, and no such information or documentary material may be made public, except £LS may be relevant to any administrative or judicial action or proceeding. Nothing in this section is intended to prevent disclosure to either body of Congress or to any duly authorized committee or subcommittee of the Congress." (e) TECHNICAL AND CONFORMING AMENDMENTS.— (1) Subsection (a) of section 4043 of such Act, and subsections (d) and (e) of such section 4043 (as redesignated by subsection (b)), are each amended by striking "subsection (b)" each place it appears and inserting "subsection (c)". (2) Section 4042(a)(3) of such Act is amended by striking 29 USC 1342. " 4043(b)(7)" and inserting "4043(c)(7)". (f) EFFECTIVE DATE.—The amendments made by this section 29 USC 1342 shall be effective for events occurring 60 days or more after the "°^' date of enactment of this Act.

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