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- H.R.1533
H.R.1533: To amend the securities laws to permit church pension plans to be invested in collective trusts.
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about law
- Introduced April 1, 2003
- Latest Major Action Oct. 25, 2004
Bill Sponsor
Bill Cosponsors
15 (10 Democrats, 6 Republicans)
Bill Summary
Amends the Investment Company Act of 1940 to exclude from its definition of "investment company" any collective trust fund maintained by a bank consisting solely of certain church pension plans, companies, or accounts specified in the Internal Revenue Code. Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to exempt such church pension plans, companies, or accounts from regulation under such Acts, including registration...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
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Subcommittee Consideration and Mark-up Session Held.
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Forwarded by Subcommittee to Full Committee by Voice Vote.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported by Voice Vote.
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Reported by the Committee on Financial Services. H. Rept. 108-248.
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Placed on the Union Calendar, Calendar No. 139.
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Mrs. Biggert moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 1533.
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business.
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On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 0 (Roll no. 462).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
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Measure laid before Senate by unanimous consent.
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Passed Senate with an amendment by Unanimous Consent.
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Message on Senate action sent to the House.
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Mr. LaTourette asked unanimous consent that the House agree to the Senate amendment.
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On motion that the House agree to the Senate amendment Agreed to without objection.
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Motion to reconsider laid on the table Agreed to without objection.
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 108-359.
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| April 1, 2003 |
Introduced in the House by Judy Biggert (R-Ill.) |