HR 7634 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to remove discriminatory limitations on, and thereby broaden the range of investment opportunities available opportunities to custodial accounts for employees of tax-exempt religious, charitable, educational, and so forth, organizations and public schools.

Introduced 1975-06-05· Sponsored by Rep. Conable, Barber B., Jr. [R-NY-35]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-06-05)

Plain Language Summary

[AI summary unavailable — showing source text] Redefines under the Internal Revenue Code the term "regulated investment company" for purposes of custodial accounts for employees of tax exempt organizations and public schools.…

Summarized by Claude AI · Non-partisan · For informational purposes only