Page:United States Statutes at Large Volume 81.djvu/904

 870 79 Stat. 407. 42 USC 424a.

PUBLIC LAW 90-248-JAN. 2, 1968

[81 STAT.

(2) For purposes of any redetermination which is made mider section 224(f) of the Social Security Act in the case of benefits subject to reduction under section 224 of such Act, where such reduction as first computed was effective with respect to benefits for the month in which this Act is enacted or a prior month, the amendments made by subsection (a) of this section shall also be deemed to have applied in the initial determination of the "average current earnings" of the individual whose wages and self-employment income are involved. EXTENSION OF T I M E FOR FILING REPORTS OF EARNINGS

74ltar955°^^' 42 USC 403.

68 Stat. 1076; 74 Stat. 955.

SEC. 160. (a) Section 203(h)(1)(A) of the Social Security Act is amended by adding at the end thereof the following new sentence: "The Secretary may grant a reasonable extension of time for making the report of earnings required in this paragraph if he finds that there is valid reason for a delay, but in no case may the period be extended more than three months." (b) Section 203(h)(2) of such Act is amended by striking out 'within the time prescribed therein" and inserting in lieu thereof "within the time prescribed by or in accordance with such paragraph" PENALTIES FOR FAILURE TO FILE TIMELY REPORTS OF EARNINGS AND OTHER EVENTS

42 USC 40 2.

"Period for which there 16 a

SEC. 161. (a) Section 203(h)(2)(A) of the Social Security Act is amended by inserting before the semicolon at the end thereof the following: ", except that if the deduction imposed under subsection (b) by reason of his earnings for such year is less than the amount of his benefit (or benefits) for the last month of such year for which he was entitled to a benefit under section 202, the additional deduction shall be equal to the amount of the deduction imposed under subsection (b) but not less than $10". (b) Section 203(g) of such Act is amended by striking out all that follows "shall suffer" and inserting in lieu thereof the following: "deductions in addition to those imposed under subsection (c) as follows: "(1) if such failure is the first one with respect to which an additional deduction is imposed by this subsection, such additional deduction shall be equal to his benefit or benents for the first month of the period for which there is a failure to report even though such failure is with respect to more than one month; "(2) if such failure is the second one with respect to which an additional deduction is imposed by this subsection, such additional deduction shall be equal to two times his benefit or benefits for the first month of the period for which there is a failure to report even though such failure is with respect to more than two months; and "(3) if such failure is the third or a subsequent one for which an additional deduction is imposed under this subsection, such additional deduction shall be equal to three times his benefit or benefits for the first month of the period for which there is a failure to report even though the failure to report is with respect to more than three months; except that the number of additional deductions required by this subsection shall not exceed the number of months in the period for which there is a failure to report. As used in this subsection, the term 'period „

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failure to report." lor which there IS a failure to report with respect to any individual means the period for which such individual received and accepted 42 USC 40 2. insurance benefits under section 202 without making a timely report and for which deductions are required under subsection (c)."

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