Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 4708 (97th)

A bill to amend the Employee Retirement Income Security Act of 1974 with regard to mortgage investments.

referredUnited States· United States Congress· EN

Introduced

7 October 1981

Last action

16 October 1981 · Referred

Status

Referred to Subcommittee on Labor-Management Relations.

Sponsors

Rep. Volkmer, Harold L. [D-MO-9], Rep. Gephardt, Richard A. [D-MO-3], Rep. Young, Robert A. [D-MO-2], Rep. Skelton, Ike [D-MO-4], Rep. AuCoin, Les [D-OR-1], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Coyne, James K. [R-PA-8], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Frank, Barney [D-MA-4], Rep. Holt, Marjorie S. [R-MD-4], Rep. Lehman, William [D-FL-17], Rep. Neal, Stephen L. [D-NC-5], Rep. Nichols, Bill [D-AL-3], Rep. Parris, Stanford E. (Stan) [R-VA-8], Rep. Roemer, Buddy [D-LA-4], Rep. Rose, Charlie [D-NC-7], Rep. St Germain, Fernand J. [D-RI-1], Rep. Weber, Ed [R-OH-9], Rep. Whitehurst, G. William [R-VA-2], Sen. Wyden, Ron [D-OR], Rep. McCloskey, Paul N., Jr. [R-CA-12], Rep. Smith, Denny [R-OR-5], Sen. Simon, Paul [D-IL], Rep. McDade, Joseph M. [R-PA-10], Rep. Nelligan, James L. [R-PA-11], Rep. O'Brien, George M. [R-IL-4], Rep. Byron, Beverly B. [D-MD-6], Rep. Patterson, Jerry M. [D-CA-38], Rep. Barnes, Michael D. [D-MD-8], Rep. Evans, Thomas B., Jr. [R-DE-At Large], Rep. Benedict, Cleve [R-WV-2]

Subjects

Discovery layer

Source updated

23 March 2026

Official sourceView documentsShare

Summary

Amends the Employee Retirement Income Security Act of 1974 to provide that certain fiduciary duties under such Act shall be deemed satisfied by investments in residential housing mortgages that provide adequate security and a reasonable rate of interest. Exempts from specified prohibitions under such Act the placing, investing, or purchase of a mortgage secured by residential housing property if such investment or sale: (1) is adequately secured; (2) is made in accordance with specific provisions rearding such loans set forth in the employee benefit plan; and (3) bears a reasonable rate of interest.

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

Timeline

  1. 7 October 1981

    Introduced

    Referred to House Committee on Education and Labor.

    Source: IntroReferral

  2. 7 October 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 October 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 16 October 1981

    Referred

    Referred to Subcommittee on Labor-Management Relations.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.