A bill to amend the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940 to clarify exemptions from such Acts for the funding by insurance companies of certain employee benefit plans.

Summary

Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to revise provisions exempting specified securities from such Acts to: (1) include within the exemption interest in a trust fund or securities arising out of an insurance contract in connection with a governmental employee benefit plan; but (2) exclude plans which are funded by an annuity contract. Amends the Investment Company Act of 1940 to include within the exemption from such Act governmental employee benefit plans and single trust funds maintained by a bank.

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Timeline

1. 25 June 1980

   Introduced

   Referred to House Committee on Interstate and Foreign Commerce.

   Source: IntroReferral

2. 25 June 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 June 1980

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 25 June 1980

  Open at official source

Sponsors

• Rep. Staggers, Harley O. [D-WV-2] · D · Sponsor
• Rep. Scheuer, James H. [D-NY-8] · D · Cosponsor
• · hsif00 · Standing

Related records

• related to ← A bill to amend the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 to clarify exemptions from such Acts for the funding by insurance companies of certain employee benefit plans.