A bill to amend the Internal Revenue Code of 1954 to permit banks (as defined in section 401(d)(1) to be authorized investments for 403(b)(7) custodial accounts.

referredUnited States· United States Congress· EN

Introduced

10 March 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Permits under the Internal Revenue Code an employer who is a corporation or other organization exempt from the income tax, and who contributes to a custodial account which is a qualified employee retirement plan, to invest the funds so contributed in savings accounts or debt obligations of banks.

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 10 March 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/4491
Open data entity: https://api.congress.gov/v3/bill/94/hr/4491