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United States · Bill · HR

H.R. 4243 (98th)

Residential Mortgage Investment Act of 1983

openUnited States· United States Congress· EN

Introduced

27 October 1983

Last action

30 April 1984 · Committee

Status

Executive Comment Received From Pension Guaranty Corp.

Sponsors

Sen. Wyden, Ron [D-OR], Rep. Gephardt, Richard A. [D-MO-3], Rep. D'Amours, Norman E. [D-NH-1], Rep. Stangeland, Arlan [R-MN-7], Rep. Patman, William N. [D-TX-14], Rep. Smith, Denny [R-OR-5], Rep. Morrison, Sid [R-WA-4], Rep. Smith, Lawrence [D-FL-16], Rep. Kolter, Joseph P. [D-PA-4], Rep. Kogovsek, Ray [D-CO-3], Rep. Patterson, Jerry M. [D-CA-38], Rep. Guarini, Frank J. [D-NJ-14], Rep. Studds, Gerry E. [D-MA-10], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Holt, Marjorie S. [R-MD-4], Rep. Aspin, Les [D-WI-1], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Rahall, Nick J., II [D-WV-3], Rep. MacKay, Buddy [D-FL-6], Rep. Barnes, Michael D. [D-MD-8], Rep. Gejdenson, Sam [D-CT-2], Rep. Pashayan, Charles, Jr. [R-CA-17], Rep. Bonker, Don [D-WA-3], Rep. Tauke, Thomas Joseph [R-IA-2], Rep. Archer, Bill [R-TX-7], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Lundine, Stanley N. [D-NY-34], Rep. Hartnett, Thomas F. [R-SC-1], Rep. Erdreich, Ben [D-AL-6], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Berman, Howard L. [D-CA-28], Rep. Williams, Pat [D-MT-At Large], Rep. Daub, Hal [R-NE-2], Rep. Crockett, George W., Jr. [D-MI-13], Rep. Duncan, John J. [R-TN-2], Rep. Towns, Edolphus [D-NY-10], Rep. Bateman, Herbert H. [R-VA-1], Rep. Seiberling, John F. [D-OH-14], Rep. Levin, Sander M. [D-MI-12], Rep. Stokes, Louis [D-OH-11], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Eckart, Dennis E. [D-OH-11], Rep. Ritter, Don [R-PA-15], Rep. Hughes, William J. [D-NJ-2], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Frenzel, Bill [R-MN-3], Rep. Edwards, Don [D-CA-10]

Subjects

Discovery layer

Source updated

23 March 2026

Official sourceView documentsShare

Summary

Residential Mortgage Investment Act of 1983 - Amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code to exempt from specified prohibited transactions: (1) any qualified mortgage transaction engaged in by an employee benefit plan if such transaction received the prior approval of an independent fiduciary; (2) the purchase, retention, or sale by an employee benefit plan of interests in Federal or State guaranteed residential mortgage loans; and (3) any participation or dealings by an employee benefit plan in residential mortgage-backed securities if such securities bear one of the three highest ratings of a nationally recognized rating service. Prohibits the promulgation of rules or orders which limit, interpret or implement: (1) the exemptions or definitions of this Act; and (2) the term "reasonable rate of interest."

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 27 October 1983

    Introduced

    Referred to House Committee on Education and Labor.

    Source: IntroReferral

  2. 27 October 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 October 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 4 November 1983

    Referred

    Referred to Subcommittee on Labor-Management Relations.

    Source: Committee

  5. 12 March 1984

    Committee

    Executive Comment Received From Labor.

    Source: Committee

  6. 23 March 1984

    Committee

    Executive Comment Requested from Pension Guaranty Corp, IRS.

    Source: Committee

  7. 27 March 1984

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  8. 30 April 1984

    Committee

    Executive Comment Received From Pension Guaranty Corp.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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