29 CFR § 4203.5 - PBGC action on requests.
---
identifier: "/us/cfr/t29/s4203.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 4203.5 - PBGC action on requests."
title_number: 29
title_name: "Labor"
section_number: "4203.5"
section_name: "PBGC action on requests."
chapter_name: "PENSION BENEFIT GUARANTY CORPORATION"
subchapter_number: "I"
subchapter_name: "WITHDRAWAL LIABILITY FOR MULTIEMPLOYER PLANS"
part_number: "4203"
part_name: "EXTENSION OF SPECIAL WITHDRAWAL LIABILITY RULES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "29 U.S.C. 1302(b)(3)."
regulatory_source: "61 FR 34083, July 1, 1996, unless otherwise noted."
cfr_part: "4203"
---
# 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, 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.*