[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 33 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                 H. R. 33

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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 2011

 Mrs. Biggert introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
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. 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''.
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