29 USC § 1371 - Penalty for failure to timely provide required information

The corporation may assess a penalty, payable to the corporation, against any person who fails to provide any notice or other material information required under this subtitle, subtitle A, B, or C of this subchapter, or section 1083 (k)(4) of this title,, ^[1] or any regulations prescribed under any such subtitle or such section, within the applicable time limit specified therein. Such penalty shall not exceed $1,000 for each day for which such failure continues.

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[1]  So in original.

Source

(Pub. L. 93–406, title IV, § 4071, as added Pub. L. 100–203, title IX, § 9314(c)(1),Dec. 22, 1987, 101 Stat. 1330–367; amended Pub. L. 101–239, title VII, § 7881(g)(8), (i)(3)(B),Dec. 19, 1989, 103 Stat. 2442; Pub. L. 109–280, title I, § 108(b)(5), formerly § 107(b)(5),Aug. 17, 2006, 120 Stat. 820, renumbered Pub. L. 111–192, title II, § 202(a),June 25, 2010, 124 Stat. 1297; Pub. L. 110–458, title I, § 101(d)(1)(B),Dec. 23, 2008, 122 Stat. 5099.)

Amendments

2008—Pub. L. 110–458substituted “or section 1083 (k)(4) of this title,” for “as section 1083 (k)(4) or 1085b (e) of this title”.

2006—Pub. L. 109–280substituted “1083(k)(4)” for “1082(f)(4)”.

1989—Pub. L. 101–239, § 7881(i)(3)(B), substituted “, subtitle A, B, or C of this subchapter, as section 1082 (f)(4) or 1085b (e) of this title” for “or subtitle A, B, or C” and inserted “or such section” after “such subtitle”.

Pub. L. 101–239, § 7881(g)(8), made clarifying amendment to directory language of Pub. L. 100–203, § 9314(c)(1), resulting in no change in text.

Effective Date of 2008 Amendment

Amendment by Pub. L. 110–458effective as if included in the provisions of Pub. L. 109–280to which the amendment relates, except as otherwise provided, see section 112 ofPub. L. 110–458, set out as a note under section 72 of Title 26, Internal Revenue Code.

Effective Date of 2006 Amendment

Amendment by Pub. L. 109–280applicable to plan years beginning after 2007, see section 108(e) ofPub. L. 109–280, set out as a note under section 1021 of this title.

Effective Date of 1989 Amendment

Amendment by Pub. L. 101–239effective, except as otherwise provided, as if included in the provision of the Pension Protection Act, Pub. L. 100–203, §§ 9302–9346, to which such amendment relates, see section 7882 ofPub. L. 101–239, set out as a note under section 401 of Title 26, Internal Revenue Code.

Applicability of Amendments by Subtitles A and B of Title I of Pub. L. 109–280

For special rules on applicability of amendments by subtitles A (§§ 101–108) and B (§§ 111–116) of title I of Pub. L. 109–280to certain eligible cooperative plans, PBGC settlement plans, and eligible government contractor plans, see sections 104, 105, and 106 ofPub. L. 109–280, set out as notes under section 401 of Title 26, Internal Revenue Code.