§ 1241 TITLE 29—LABOR Page 488

(7) Whenever the Secretary of Labor transmits

copies of the regulations to the Congress, a copy

of such regulations shall be delivered to each

House of Congress on the same day and shall be

delivered to the Clerk of the House of Representatives if the House is not in session and to the

Secretary of the Senate if the Senate is not in

session.

(8) The 120 day period referred to in paragraph

(1) shall be computed by excluding—

(A) the days on which either House is not in

session because of an adjournment of more

than 3 days to a day certain or an adjournment of the Congress sine die, and

(B) any Saturday and Sunday, not excluded

under subparagraph (A), when either House is

not in session.

(9) This subsection is enacted by the Congress—

(A) as an exercise of the rulemaking power

of the House of Representatives and the Senate, respectively, and as such they are deemed

a part of the rules of each House, respectively,

but applicable only with respect to the procedure to be followed in that House in the case

of resolutions of disapproval described in paragraph (2); and they supersede other rules only

to the extent that they are inconsistent therewith; and

(B) with full recognition of the constitutional right of either House to change the

rules (so far as relating to the procedures of

that House) at any time, in the same manner

and to the same extent as in the case of any

other rule of that House.

(Pub. L. 93–406, title III, §3032, Sept. 2, 1974, 88

Stat. 1000; S. Res. 4, Feb. 4, 1977; S. Res. 30, Mar.

7, 1979.)

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.

Committee on Human Resources of Senate changed

to Committee on Labor and Human Resources of Senate, effective Mar. 7, 1979, by Senate Resolution No. 30,

96th Congress. See, also, Rule XXV of Standing Rules of

Senate adopted Nov. 14, 1979.

Committee on Labor and Public Welfare of Senate

abolished and replaced by Committee on Human Resources of Senate, effective Feb. 11, 1977. See Rule XXV

of Standing Rules of Senate, as amended by Senate

Resolution No. 4 (popularly cited as the ‘‘Committee

System Reorganization Amendments of 1977’’), approved Feb. 4, 1977.

SUBTITLE C—ENROLLMENT OF ACTUARIES

SUBTITLE REFERRED TO IN OTHER SECTIONS

This subtitle is referred to in section 1023 of this

title; title 26 section 7701.

§ 1241. Joint Board for the Enrollment of Actuaries

The Secretary of Labor and the Secretary of

the Treasury shall, not later than the last day of

the first calendar month beginning after September 2, 1974, establish a Joint Board for the

Enrollment of Actuaries (hereinafter in this

part referred to as the ‘‘Joint Board’’).

(Pub. L. 93–406, title III, §3041, Sept. 2, 1974, 88

Stat. 1002.)

§ 1242. Enrollment by Board; standards and

qualifications; suspension or termination of

enrollment

(a) The Joint Board shall, by regulations, establish reasonable standards and qualifications

for persons performing actuarial services with

respect to plans in which this chapter applies

and, upon application by any individual, shall

enroll such individual if the Joint Board finds

that such individual satisfies such standards and

qualifications. With respect to individuals applying for enrollment before January 1, 1976,

such standards and qualifications shall include a

requirement for an appropriate period of responsible actuarial experience relating to pension

plans. With respect to individuals applying for

enrollment on or after January 1, 1976, such

standards and qualifications shall include—

(1) education and training in actuarial mathematics and methodology, as evidenced by—

(A) a degree in actuarial mathematics or

its equivalent from an accredited college or

university,

(B) successful completion of an examination in actuarial mathematics and methodology to be given by the Joint Board, or

(C) successful completion of other actuarial examinations deemed adequate by the

Joint Board, and

(2) an appropriate period of responsible actuarial experience.

Notwithstanding the preceding provisions of

this subsection, the Joint Board may provide for

the temporary enrollment for the period ending

January 1, 1976, of actuaries under such interim

standards as it deems adequate.

(b) The Joint Board may, after notice and an

opportunity for a hearing, suspend or terminate

the enrollment of an individual under this section if the Joint Board finds that such individual—

(1) has failed to discharge his duties under

this chapter, or

(2) does not satisfy the requirements for enrollment as in effect at the time of his enrollment.

The Joint Board may also, after notice and opportunity for hearing, suspend or terminate the

temporary enrollment of an individual who fails

to discharge his duties under this chapter or

who does not satisfy the interim enrollment

standards.

(Pub. L. 93–406, title III, §3042, Sept. 2, 1974, 88

Stat. 1002.)

REFERENCES IN TEXT

This chapter, referred to in subsecs. (a) and (b), 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.