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26 USC 4945. Pos"/p.^97i. ' 26 USC 6204.

PUBLIC LAW 9 3 - 4 0 6 - S E P T. 2, 1974

[88 STAT.

i n g standard), o r section 4975(b) ( r e l a t i n g to a d d i t i o n a l tax o n p r o h i b i t e d t r a n s a c t i o n s) ", and. (F) by striking o u t " o r 4945" i n paragraph s (2) and (3) of subsection (g) and inserting i n lieu the r e o f "4945, 4971, o r 4975". (27) Section 6204(b) ( r e l a t i n g to s u p p l e m e n t a l assessments) is amended by striking o u t " and g i f t tax e s " and inserting i n lieu thereof "gift, and certain excise tax e s ", (b)

CLERICAL AMENDMENTS. —

(1) Part I of subchapter D of chapter 1 is amended by inserting after the heading and before the table of sections the following: "Subpart A. General rule. "Subpart B. Special rules. " Subpart A — G e n e r a l Rule". (2) The t a b l e of chapter s for subtitle D is amended by a d d i n g a t the e n d thereof the following n e w item: "CHAPTER 43. Qualified pension, etc., plans." (3) The table of sections for subchapter B of chapter 68 is amended by striking o u t the item r e l a t i n g to the section captioned "Assessable penalties w i t h respect to information r e q u i r e d to be furnished under section 7654" and inserting i n lieu the r e o f: "Sec. 6688. Assessable penalties with respect to information required to be furnished under section 7654."

26 USC 6688.

26 USC 6861, 26 USC 410 note.

(4) Subchapter B of chapter 68 is amended by striking o u t the heading of the section i m m e d i a t e l y preceding section 6689 and inserting i n lieu thereof: " g g c. gggg. ASSESSABLE PENALTIES WITH RESPECT TO INFORMATION REQUIRED TO BE FURNISHED UNDER SECTION 7654." (6) The table of sections for part II of subchapter A of chapter 70 is amended by striking o u t "and gift taxes" i n the items r e l a t i n g to sections 6861 and 6862 and inserting i n lieu thereof "gift, and certain excise taxes". g E c 1Q17 EFFECTIVE DATES AND TRANSITIONAL RULES. (a) GENERAL RULE. — E x c e p t as otherwise provided i n t h i s section, the amendments made by this part shall apply for plan years b e g i n n i n g after the date of the e n a c t m e n t of t h i s Act. (b) E X I S T I N G P L A N S. — E x c e p t a s otherwise provided i n subsections (c) through (h), i n the case of a p l a n i n existence on January 1, 1974, the amendments made by this part shall apply for plan years b e g i n n i n g after December 31, 1976. (c) E X I S T I N G P L A N S U N D E R COLLECTIVE B A R G A I N I N G A G R E E MENTS.— (1) APPLICATION OF VESTING RULES TO CERTAIN P L A N PROVISIONS.— (A) W A IV E R o r APPLICATION. — I n the case of a p l a n m a i n -

t a i n e d on January 1, 1974, pursuant to one o r more a g r e e m e n t s which the Secretary of Labor finds to be collective b a r g a i n i n g a g r e e m e n t s between employee representative s and one o r more employers, during the special temporary w a i v e r period the p l a n shall not be t r e a t e d as not m e e t i n g the requirements of section 4 1 1 (b)(1) o r (2) of the I n t e r n a l Revenue Code of

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