3.0.0 33 2023-03-22T18:24:42Z 2023-03-22T18:24:42Z House H HR 2011-01-05 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BIGGERT:H.R. 33.Congress has the power to enact this legislation pursuantto the following:Article 1, section 8, clause 1 (relating to the generalwelfare of the United States) and clause 3 (relating to thepower to regulate foreign and interstate commerce).[Page H43]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Discharged from 2012-06-21T21:39:01Z Referred to 2011-07-19T16:00:50Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-05-04T18:22:11Z Markup by 2011-05-04T18:21:56Z Referred to 2011-03-23T15:22:20Z Hearings by 2011-03-10T18:17:15Z Reported by 2011-07-01T15:20:41Z Markup by 2011-06-22T16:05:44Z Referred to 2011-01-05T17:07:10Z H. Rept. 112-131 2012-07-09 Became Public Law No: 112-142. President E40000 2 House floor actions 2012-07-09 Became Public Law No: 112-142. BecameLaw 36000 9 Library of Congress 2012-07-09 Signed by President. President E30000 2 House floor actions 2012-07-09 Signed by President. BecameLaw 36000 9 Library of Congress 2012-06-29 Presented to President. Floor E20000 2 House floor actions 2012-06-29 Presented to President. President 28000 9 Library of Congress 2012-06-21 Senate Message on Senate action sent to the House. Floor 2012-06-21 Senate Passed Senate without amendment by Unanimous Consent. Floor 2012-06-21 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2012-06-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S4428) Discharge 2012-06-21 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S4428) Committee 14500 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2011-07-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-07-18 18:57:05 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2011-07-18 18:57:04 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 310 - 1 (Roll no. 601). (text: CR H5131) Floor H37300 2 House floor actions 601 https://clerk.house.gov/evs/2011/roll601.xml House 112 2011-07-18T22:57:04Z 1 2011-07-18 18:57:04 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 310 - 1 (Roll no. 601).(text: CR H5131) Floor 8000 9 Library of Congress 601 https://clerk.house.gov/evs/2011/roll601.xml House 112 2011-07-18T22:57:04Z 1 2011-07-18 18:30:36 Considered as unfinished business. (consideration: CR H5132) Floor H30000 2 House floor actions 2011-07-18 17:06:44 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2011-07-18 17:03:09 DEBATE - The House proceeded with forty minutes of debate on H.R. 33. Floor H8D000 2 House floor actions 2011-07-18 17:03:06 Considered under suspension of the rules. (consideration: CR H5130-5131) Floor H30000 2 House floor actions 2011-07-18 17:02:33 Mrs. Biggert moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2011-07-01 Placed on the Union Calendar, Calendar No. 81. Calendars H12410 2 House floor actions U00081 2011-07-01 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-131. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2011-07-01 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-131. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2011-06-22 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2011-06-22 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2011-05-04 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . Committee 2011-05-04 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-05-03 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-03-23 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-03-10 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2011-01-05 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-01-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-01-05 Introduced in House IntroReferral 1000 9 Library of Congress B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 N Public Law 112-142 Finance and Financial Sector Income tax exclusion Religion Securities Finance and Financial Sector 00 2011-01-05 Introduced in House 2011-01-28T21:06:22Z Amends the Securities Act of 1933 with respect to when certain securities issued in connection with retirement income accounts available only to certain kinds of church plans are treated as exempted from registration and disclosure requirements under such Act (exempted securities).

Revises exclusions from the meaning of exempted securities to add as an exempted security a certain kind of retirement income account (available only to church plans), to the extent that the interest or participation in a single trust fund or collective trust fund (e.g. a "stable value fund") is issued to: (1) a church, a convention or association of churches, or a specified kind of organization (including a church pension board established to maintain employee benefit programs) which establishes or maintains the retirement income account; or (2) a trust established by any such entity in connection with the retirement income account.

Revises a further such exclusion from exempted security treatment of plans whose participants may include persons (in particular clergymen) who may be considered self-employed for certain tax purposes. Allows exempted security treatment of such plans.

(In effect, an exemption from registration and related requirements is granted to collective trust funds that are invested in by kinds of church plans currently excluded from making such investments.)

]]> 17 2011-07-01 Reported to House with amendment(s) 2012-08-21T14:42:33Z Church Plan Investment Clarification Act - Amends the Securities Act of 1933 with respect to when certain securities issued in connection with retirement income accounts available only to certain kinds of church plans are treated as exempted from registration and disclosure requirements under such Act (exempted securities).

Considers as an exempted security a certain kind of retirement income account (available only to church plans), to the extent that the interest or participation in a single trust fund or collective trust fund (e.g., a "stable value fund") is issued to: (1) a church, a convention or association of churches, or a specified kind of organization (including a church pension board established to maintain employee benefit programs) which establishes or maintains the retirement income account; or (2) a trust established by any such entity in connection with the retirement income account.

Revises a further such exclusion from exempted security treatment of plans whose participants may include persons (in particular clergymen) who may be considered self-employed for certain tax purposes. Allows exempted security treatment of such plans.

(In effect, an exemption from registration and related requirements is granted to collective trust funds that are invested in by kinds of church plans currently excluded from making such investments.)

]]> 36 2011-07-18 Passed House amended 2012-08-21T14:40:25Z (This measure has not been amended since it was reported to the House on July 1, 2011. The summary of that version is repeated here.)

Church Plan Investment Clarification Act - Amends the Securities Act of 1933 with respect to when certain securities issued in connection with retirement income accounts available only to certain kinds of church plans are treated as exempted from registration and disclosure requirements under such Act (exempted securities).

Considers as an exempted security a certain kind of retirement income account (available only to church plans), to the extent that the interest or participation in a single trust fund or collective trust fund (e.g., a "stable value fund") is issued to: (1) a church, a convention or association of churches, or a specified kind of organization (including a church pension board established to maintain employee benefit programs) which establishes or maintains the retirement income account; or (2) a trust established by any such entity in connection with the retirement income account.

Revises a further such exclusion from exempted security treatment of plans whose participants may include persons (in particular clergymen) who may be considered self-employed for certain tax purposes. Allows exempted security treatment of such plans.

(In effect, an exemption from registration and related requirements is granted to collective trust funds that are invested in by kinds of church plans currently excluded from making such investments.)

]]> 82 2012-06-21 Passed Senate without amendment 2012-08-21T14:49:10Z (This measure has not been amended since it was reported to the House on July 1, 2011. The summary of that version is repeated here.)

Church Plan Investment Clarification Act - Amends the Securities Act of 1933 with respect to when certain securities issued in connection with retirement income accounts available only to certain kinds of church plans are treated as exempted from registration and disclosure requirements under such Act (exempted securities).

Considers as an exempted security a certain kind of retirement income account (available only to church plans), to the extent that the interest or participation in a single trust fund or collective trust fund (e.g., a "stable value fund") is issued to: (1) a church, a convention or association of churches, or a specified kind of organization (including a church pension board established to maintain employee benefit programs) which establishes or maintains the retirement income account; or (2) a trust established by any such entity in connection with the retirement income account.

Revises a further such exclusion from exempted security treatment of plans whose participants may include persons (in particular clergymen) who may be considered self-employed for certain tax purposes. Allows exempted security treatment of such plans.

(In effect, an exemption from registration and related requirements is granted to collective trust funds that are invested in by kinds of church plans currently excluded from making such investments.)

]]> 49 2012-07-09 Public Law 2012-08-21T14:51:16Z (This measure has not been amended since it was reported to the House on July 1, 2011. The summary of that version is repeated here.)

Church Plan Investment Clarification Act - Amends the Securities Act of 1933 with respect to when certain securities issued in connection with retirement income accounts available only to certain kinds of church plans are treated as exempted from registration and disclosure requirements under such Act (exempted securities).

Considers as an exempted security a certain kind of retirement income account (available only to church plans), to the extent that the interest or participation in a single trust fund or collective trust fund (e.g., a "stable value fund") is issued to: (1) a church, a convention or association of churches, or a specified kind of organization (including a church pension board established to maintain employee benefit programs) which establishes or maintains the retirement income account; or (2) a trust established by any such entity in connection with the retirement income account.

Revises a further such exclusion from exempted security treatment of plans whose participants may include persons (in particular clergymen) who may be considered self-employed for certain tax purposes. Allows exempted security treatment of such plans.

(In effect, an exemption from registration and related requirements is granted to collective trust funds that are invested in by kinds of church plans currently excluded from making such investments.)

]]> Church Plan Investment Clarification Act Display Title Church Plan Investment Clarification Act Official Title as Introduced To amend the Securities Act of 1933 to specify when certain securities issued in connection with church plans are treated as exempted securities for purposes of that Act. Introduced in House IH Short Titles as Reported to House Church Plan Investment Clarification Act H House Short Titles as Passed House Church Plan Investment Clarification Act H House Short Titles as Passed Senate Church Plan Investment Clarification Act S Senate Short Titles as Enacted Church Plan Investment Clarification Act Enrolled Bill https://www.govinfo.gov/content/pkg/BILLS-112hr33enr/xml/BILLS-112hr33enr.xml Referred in Senate 2011-07-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr33rfs/xml/BILLS-112hr33rfs.xml Engrossed in House 2011-07-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr33eh/xml/BILLS-112hr33eh.xml Reported in House 2011-07-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr33rh/xml/BILLS-112hr33rh.xml Introduced in House 2011-01-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr33ih/xml/BILLS-112hr33ih.xml 2012-07-10T03:59:59Z Public Law 2012-07-09 Became Public Law No: 112-142. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.