Residential Mortgage Investment Act of 1982

Summary

Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments. Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act. Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.

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

Timeline

1. 12 August 1982

   Introduced

   Referred to House Committee on Education and Labor.

   Source: IntroReferral

2. 12 August 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 August 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 August 1982

   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

• Introduced in House

  summary · EN · 12 August 1982

  Open at official source

Sponsors

• Rep. Rousselot, John H. [R-CA-26] · R · Sponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to ← Residential Mortgage Investment Act of 1982