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.

referredUnited States· United States Congress· EN

Introduced

25 July 1980

Last action

—

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

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.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Introduced in Senate
summary · EN · 25 July 1980
Open at official source

Related records

No cross-record relationships stored yet.

Sources

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

Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2973
Open data entity: https://api.congress.gov/v3/bill/96/s/2973