HR 1533 · 108th Congress · Finance and Financial Sector
To amend the securities laws to permit church pension plans to be invested in collective trusts.
Bill Progress
1
Introduced✓
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 108-359.(2004-10-25)
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Plain Language Summary
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Amends the Investment Company Act of 1940 to exclude from its definition of "investment company" any collective trust fund maintained by a bank consisting solely of certain church pension plans, companies, or accounts specified in the Internal Revenue Code. Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to exempt such church pension plans, companies, or accounts from regulation under such Acts, including registration requirements. (Thus exempts such church pension plans, companies, or accounts from Federal jurisdiction for securities fraud, manipulation, transparency, and disclosure requirements).…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1533, A bill to amend the securities laws to permit church pension plans to be invested in collective trusts
Aug 27, 2003<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on July 23, 2003</p>
Full CBO report ↗H.R. 1533, A bill to amend the securities laws to permit church pension plans to be invested in collective trusts
Aug 27, 2003Cost estimate for the bill as ordered reported by the House Committee on Financial Services on July 23, 2003
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (15)
10 Democrats5 Republicans