HR 2944 · 97th Congress · Labor and Employment

A bill to amend the Internal Revenue Code of 1954 to provide that the pension plan reserves of a life insurance company shall include amounts allocable to certain trusts forming part of a pension, profit-sharing, or stock bonus plan all of the participants of which are residents of Guam.

Introduced 1981-03-31· Sponsored by Del. Won Pat, Antonio B. [D-GU-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Executive Comment Requested from Treasury.(1981-11-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit residents of Guam to invest private retirement funds in tax-exempt pension, profit-sharing, or stock bonus plans.…

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