2418
CONCURRENT RESOLUTIONS-AUG. 22, 1974
[88 STAT.
(14) I n section 1017(a)(2)(B) of the bill strike out "Interim law granting waiver of underfunding.—" and insert in lieu thereof "Waiver of underfunding.—". (15) I n section 1017 of the bill, at the end of subsection (c)(2) add the following subparagraph: "(^C) LABOR ORGANIZATION CONVENTIONS.—In the case of a plan maintained by a labor organization, which is exempt from tax under section 501(c)(5) of the Internal Revenue Code of 1954, exclusively for the benefit of its employees and their beneficiaries, section 412 of such Code and other amendments made by this part to the extent such amendments relate to such section 412, shall be applied by substituting for the term 'December 81, 1975' in subsection (b), the earlier of— " (i) the date on which the second convention of such labor organization held after the date of the enactment of this Act ends, or "(ii) December 31, 1980, but in no event shall a date earlier than the later of December 31, 1975, or the date determined under subparagraph (A) or (B) be substituted." (16) In section 401(a) (14) of the Internal Revenue Code of 1954, which is added by section 1021 of the bill, strike out the matter appearing after subparagraph (C) of such section 401(a) (14) and insert in lieu thereof the same matter flush with the paragraph margin of such paragraph (14). (17) In section 1021 of the bill, strike out subsection (g). (18) I n subsection 6057(g) of the Internal Revenue Code of 1954, which is added by section 1031(a) of the bill, strike out "toadministration" and insert in lieu thereof "to administration". (19) In section 6652(e)(2) of the Internal Revenue Code of 1954, which is added by section 1031(b)(1) of the bill, strike out "therfor (determined with" and insert in lieu thereof "therefor (determined without". (20) In section 7476(b)(2) of the Internal Revenue Code of 1954, which is added by section 1041(a) of the bill, strike out "plead" and insert in lieu thereof "plead-". (21) In the section caption of section Y802 of the Internal Revenue Code of 1954, which is added by section 1051(a) of the bill, after " ORGANIZATIONS " insert a closing parenthesis. (22) In section 408(d)(3) (ii) of the Internal Revenue Code of 1954, which is added b j section 2002(b) of the bill, strike out ", other than a plan under which the individual was an employee within the meaning of section 401(c)(1) at the time contributions were made on his behalf under the plan," and insert in lieu thereof " (other than a plan under which the individual was an employee within the meaning of section 401(c)(1) at the time contributions were made on his behalf under the plan) ". (23) In section 408(d)(5) of the Internal Revenue Code of 1954, which is added by section 2()02(b) of the bill, strike out "a qualified" and insert in lieu thereof "an". (24) In section 408(i) of the Internal Revenue Code of 1954, which is added by section 2002(b) of the bill, strike out "section 408(b)" and insert in lieu thereof "subsection (b)". (25) I n the last sentence of section 402(a)(5) of the Internal Revenue Code of 1954, which is added by section 2002(g)(5) of the bill, strike out "annuity plan of any" and insert in lieu thereof "annuity plan if any".
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