Page 485 TITLE 29—LABOR § 1221

hibited transactions) and with respect to the

provisions of subchapter I of this chapter relating to prohibited transactions and exemptions

therefrom in order to coordinate the rules applicable under such standards.

(c) Transmission of information to Secretary of

the Treasury

Whenever the Secretary of Labor obtains information indicating that a party-in-interest or

disqualified person is violating section 1106 of

this title, he shall transmit such information to

the Secretary of the Treasury.

(Pub. L. 93–406, title III, §3003, Sept. 2, 1974, 88

Stat. 998; Pub. L. 101–239, title VII, §7891(a)(1),

Dec. 19, 1989, 103 Stat. 2445.)

AMENDMENTS

1989—Subsecs. (a), (b). Pub. L. 101–239 substituted ‘‘Internal Revenue Code of 1986’’ for ‘‘Internal Revenue

Code of 1954’’, which for purposes of codification was

translated as ‘‘title 26’’ thus requiring no change in

text.

EFFECTIVE DATE OF 1989 AMENDMENT

Amendment by Pub. L. 101–239 effective, except as

otherwise provided, as if included in the provision of

the Tax Reform Act of 1986, Pub. L. 99–514, to which

such amendment relates, see section 7891(f) of Pub. L.

101–239, set out as a note under section 1002 of this title.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in title 26 section 4975.

§ 1204. Coordination between the Department of

the Treasury and the Department of Labor

(a) Whenever in this chapter or in any provision of law amended by this chapter the Secretary of the Treasury and the Secretary of

Labor are required to carry out provisions relating to the same subject matter (as determined

by them) they shall consult with each other and

shall develop rules, regulations, practices, and

forms which, to the extent appropriate for the

efficient administration of such provisions, are

designed to reduce duplication of effort, duplication of reporting, conflicting or overlapping requirements, and the burden of compliance with

such provisions by plan administrators, employers, and participants and beneficiaries.

(b) In order to avoid unnecessary expense and

duplication of functions among Government

agencies, the Secretary of the Treasury and the

Secretary of Labor may make such arrangements or agreements for cooperation or mutual

assistance in the performance of their functions

under this chapter, and the functions of any

such agencies as they find to be practicable and

consistent with law. The Secretary of the Treasury and the Secretary of Labor may utilize, on

a reimbursable or other basis, the facilities or

services, of any department, agency, or establishment of the United States or of any State or

political subdivision of a State, including the

services, of any of its employees, with the lawful

consent of such department, agency, or establishment; and each department, agency, or establishment of the United States is authorized

and directed to cooperate with the Secretary of

the Treasury and the Secretary of Labor and, to

the extent permitted by law, to provide such information and facilities as they may request for

their assistance in the performance of their

functions under this chapter. The Attorney General or his representative shall receive from the

Secretary of the Treasury and the Secretary of

Labor for appropriate action such evidence developed in the performance of their functions

under this chapter as may be found to warrant

consideration for criminal prosecution under the

provisions of this subchapter or other Federal

law.

(Pub. L. 93–406, title III, §3004, Sept. 2, 1974, 88

Stat. 998.)

REFERENCES IN TEXT

This chapter, referred to in text, was in the original

‘‘this Act’’, meaning Pub. L. 93–406, known as the Employee Retirement Income Security Act of 1974. Titles

I, III, and IV of such Act are classified principally to

this chapter. For complete classification of this Act to

the Code, see Short Title note set out under section

1001 of this title and Tables.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 1021, 1024 of this

title; title 26 sections 6057, 6058, 6059.

SUBTITLE B—JOINT PENSION, PROFIT-SHARING,

AND EMPLOYEE STOCK OWNERSHIP PLAN TASK

FORCE; STUDIES

PART 1—JOINT PENSION, PROFIT-SHARING, AND

EMPLOYEE STOCK OWNERSHIP PLAN TASK FORCE

§ 1221. Establishment

The staffs of the Committee on Ways and

Means and the Committee on Education and

Labor of the House of Representatives, the Joint

Committee on Taxation, and the Committee on

Finance and the Committee on Labor and

Human Resources of the Senate shall carry out

the duties assigned under this subchapter to the

Joint Pension, Profit-Sharing, and Employee

Stock Ownership Plan Task Force. By agreement among the chairmen of such Committees,

the Joint Pension, Profit-Sharing, and Employee Stock Ownership Plan Task Force shall

be furnished with office space, clerical personnel, and such supplies and equipment as may be

necessary for the Joint Pension, Profit-Sharing,

and Employee Stock Ownership Plan Task Force

to carry out its duties under this subchapter.

(Pub. L. 93–406, title III, §3021, Sept. 2, 1974, 88

Stat. 999; Pub. L. 94–455, title VIII, §803(i)

(2)(A)(iii), title XIX, §1907(a)(5), Oct. 4, 1976, 90

Stat. 1591, 1836; S. Res. 4, Feb. 4, 1977; S. Res. 30,

Mar. 7, 1979.)

AMENDMENTS

1976—Pub. L. 94–455, §803(i)(2)(A)(iii), substituted

‘‘Joint Pension, Profit-Sharing, and Employee Stock

Ownership Plan Task Force’’ for ‘‘Joint Pension Task

Force’’ wherever appearing.

CHANGE OF NAME

Committee on Education and Labor of House of Representatives treated as referring to Committee on Economic and Educational Opportunities of House of Representatives by section 1(a) of Pub. L. 104–14, set out as

a note preceding section 21 of Title 2, The Congress.

Committee on Economic and Educational Opportunities of House of Representatives changed to Committee

on Education and the Workforce of House of Representatives by House Resolution No. 5, One Hundred Fifth

Congress, Jan. 7, 1997.