Congress 108 - HR 1533 - To amend the securities laws to permit church pension plans to be invested in collective trusts.

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Topics

Churches Clergy Finance and Financial Sector Information disclosure (Securities law) Investments Labor and Employment Law Mutual funds Pension funds Religion Securities fraud Securities regulation Trusts and trustees

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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 requirements. (Thus exempts such church pension plans, companies, or accounts from Federal jurisdiction for securities fraud, manipulation, transparency, and disclosure requirements.)

Actions

Oct 25, 2004

Became Public Law No: 108-359.
Oct 25, 2004

Signed by President.
Oct 13, 2004

Presented to President.
Oct 8, 2004

Motion to reconsider laid on the table Agreed to without objection.
Oct 8, 2004

On motion that the House agree to the Senate amendment Agreed to without objection.
Oct 8, 2004

Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to without objection.
Oct 8, 2004

Mr. LaTourette asked unanimous consent that the House agree to the Senate amendment. (consideration: CR H9024; text as House agreed to Senate amendment: CR H9024)
Oct 4, 2004

Message on Senate action sent to the House.
Oct 1, 2004

Passed Senate with an amendment by Unanimous Consent.
Oct 1, 2004

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Oct 1, 2004

Measure laid before Senate by unanimous consent.
Oct 1, 2004

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S10278)
Oct 1, 2004

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S10278)
Sep 4, 2003

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 3, 2003

Motion to reconsider laid on the table Agreed to without objection.
Sep 3, 2003

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). (text as passed House: CR H7810)
Sep 3, 2003

Passed/agreed to in House: 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).(text as passed House: CR H7810)
Sep 3, 2003

Considered as unfinished business. (consideration: CR H7810-7811)
Sep 3, 2003

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.
Sep 3, 2003

DEBATE - The House proceeded with forty minutes of debate on H.R. 1533.
Sep 3, 2003

Considered under suspension of the rules. (consideration: CR H7808-7809)
Sep 3, 2003

Mrs. Biggert moved to suspend the rules and pass the bill, as amended.
Sep 3, 2003

Placed on the Union Calendar, Calendar No. 139.
Sep 3, 2003

Reported by the Committee on Financial Services. H. Rept. 108-248.
Jul 23, 2003

Ordered to be Reported by Voice Vote.
Jul 23, 2003

Committee Consideration and Mark-up Session Held.
Jul 10, 2003

Forwarded by Subcommittee to Full Committee by Voice Vote.
Jul 10, 2003

Subcommittee Consideration and Mark-up Session Held.
Apr 10, 2003

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Apr 1, 2003

Referred to the House Committee on Financial Services.
Apr 1, 2003

Introduced in House

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