---
kind: "section"
citation: "29 C.F.R. § 4203.5"
title: "29"
number: "4203.5"
heading: "PBGC action on requests."
url: "https://uscodex.org/cfr/29/4203.5"
---

# §4203.5. PBGC action on requests.

- (a) **General.** The PBGC shall approve a plan amendment providing for the application of special complete or partial withdrawal liability rules upon a determination by the PBGC that the plan amendment—
  - (1) Will apply only to an industry that has characteristics that would make use of the special withdrawal rules appropriate; and
  - (2) **Will not pose a significant risk to the insurance system.**
- (b) **Notice of pendency of request.** As soon as practicable after receiving a request for approval of a plan amendment containing all the information required under [§ 4203.4](/cfr/29/4203.4.md), the PBGC shall publish a notice of the pendency of the request in the Federal Register. The notice shall contain a summary of the request and invite interested persons to submit written comments to the PBGC concerning the request. The notice will normally provide for a comment period of 45 days.
- (c) **PBGC decision on request.** After the close of the comment period, PBGC shall issue its decision in writing on the request for approval of a plan amendment. Notice of the decision shall be published in the Federal Register.

## Notes

### Authority

Authority: 29 U.S.C. 1302(b)(3).

### Source

Source: 61 FR 34083, July 1, 1996, unless otherwise noted.