HR 1179 · 98th Congress · Labor and Employment

Residential Mortgage Pension Investment Act of 1983

Introduced 1983-02-02· Sponsored by Rep. Erlenborn, John N. [R-IL-13]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Executive Comment Received From Pension Guaranty Corp.(1984-04-30)

Plain Language Summary

[AI summary unavailable — showing source text] Residential Mortgage Pension Investment Act of 1983 - Amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code to exempt from specified prohibited transaction provisions any qualified mortgage transaction engaged in by an employee benefit plan, provided such transaction is at "arm's length" (i.e. if the terms of the transaction are at least as favorable to the plan as those of similar transactions involving unrelated parties).…

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

Cosponsors (20)

3 Democrats17 Republicans
Rep. Conable, Barber B., Jr. [R-NY-30]NY
Rep. Pickle, J. J. [D-TX-10]TX
Rep. Regula, Ralph [R-OH-16]OH
Rep. Roukema, Marge [R-NJ-5]NJ
Rep. Badham, Robert E. [R-CA-40]CA
Rep. Broyhill, James T. [R-NC-10]NC
Rep. Coats, Daniel [R-IN-4]IN
Rep. Craig, Larry E. [R-ID-1]ID
Rep. Dannemeyer, William E. [R-CA-39]CA
Rep. Daub, Hal [R-NE-2]NE
Rep. DeWine, Mike [R-OH-7]OH
Rep. Fish, Hamilton, Jr. [R-NY-21]NY
Rep. Forsythe, Edwin B. [R-NJ-13]NJ
Rep. Frank, Barney [D-MA-4]MA
Rep. Frenzel, Bill [R-MN-3]MN
Rep. Frost, Martin [D-TX-24]TX
Rep. Gingrich, Newt [R-GA-6]GA
Rep. Gradison, Willis D., Jr. [R-OH-2]OH
Rep. Gunderson, Steve [R-WI-3]WI
Rep. Hartnett, Thomas F. [R-SC-1]SC