Stockholders Investment Act

[AI summary unavailable — showing source text] Stockholders Investment Act - Provides, under provisions of the Internal Revenue Code relating to pension, profit-sharing, and stock bonus plans, that no pension manager shall invest or sell any of the pension trust assets over which he has discretionary investment authority in the securities of any corporation with a capital account of more than $25,000,000 if that investment or sale would result in the investment of: (1) more than 5 percent of the value of all pension trust assets managed by him in the securities of any corporation; or (2) such assets in more than 10 percent of any class of security of any corporation. Sets forth the circumstances under which divestiture is not required. Defines the terms used in this Act, including those of "pension manager" and "security." Imposes on each pension manager a tax of 5 percent of the amount of each investment made by him during his taxable year in violation of the provisions relating to limitations on pension trust asset investment. Distinguishes venture capital from pension trust assets for purposes of this Act. Provides for a graduated taxation of capital gains and a liberalized treatment of capital losses. Provides that in the c…