HR 7810 · 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 to custodial accounts for employees of tax-exempt religious, charitable, educational, etc. organizations and public schools.

Introduced 1975-06-11· Sponsored by Rep. Burleson, Omar [D-TX-17]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-06-11)

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