A bill to amend the Employees Retirement Income Security Act of 1974 to require a fiduciary to invest at least 5 per centum of the assets of an employee benefit plan in residential home mortgages.

[AI summary unavailable — showing source text] Amends the Employee Retirement Income Security Act of 1974 to require fiduciaries to invest at least five percent of the assets of an employee benefit plan in: (1) mortgages and loans which are adequately secured by liens on residential real property and which bear reasonable rates of interest; (2) securities backed by such mortgages and loans; and (3) obligations and securities issued by mortgagees approved for participation in any mortgage insurance program under specified provisions of the National Housing Act.…