[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 33 Enrolled Bill (ENR)]

        H.R.33

                      One Hundred Twelfth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
            the third day of January, two thousand and twelve


                                 An Act


 
 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Church Plan Investment Clarification 
Act''.
SEC. 2. SECURITIES ACT OF 1933 AMENDMENT.
    Section 3(a)(2) of the Securities Act of 1933 (15 U.S.C. 77c(a)(2)) 
is amended--
        (1) by inserting ``(other than a retirement income account 
    described in section 403(b)(9) of the Internal Revenue Code of 
    1986, to the extent that the interest or participation in such 
    single trust fund or collective trust fund is issued to a church, a 
    convention or association of churches, or an organization described 
    in section 414(e)(3)(A) of such Code establishing or maintaining 
    the retirement income account or to a trust established by any such 
    entity in connection with the retirement income account)'' after 
    ``403(b) of such Code''; and
        (2) by inserting ``(other than a person participating in a 
    church plan who is described in section 414(e)(3)(B) of the 
    Internal Revenue Code of 1986)'' after ``section 401(c)(1) of such 
    Code''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.