[Congressional Record Volume 150, Number 122 (Friday, October 1, 2004)]
[Senate]
[Page S10278]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  PERMITTING CHURCH PENSION PLANS TO BE INVESTED IN COLLECTIVE TRUSTS

  Mr. FRIST. Mr. President, I ask unanimous consent that the Committee 
on Banking, Housing, and Urban Affairs be discharged from further 
consideration of H.R. 1533, and the Senate proceed to its immediate 
consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (H.R. 1533) to amend the securities laws to permit 
     church pension plans to be invested in collective trusts.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. FRIST. I ask unanimous consent the amendment at the desk be 
agreed to, the bill, as amended, be read the third time and passed, the 
motion to reconsider be laid upon the table, and any statements related 
to this bill be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 3948) was agreed to, as follows:

               (Purpose: To make a technical correction)

       On page 2, strike lines 17 through 22 and insert the 
     following:
       ``(2) by striking `other than any plan described in clause 
     (A), (B), or (C)' and inserting the following: `or (D) a 
     church plan, company, or account that is excluded from the 
     definition of an investment company under section 3(c)(14) of 
     the Investment Company Act of 1940, other than any plan 
     described in subparagraph (A), (B), (C), or (D)'.''. '

  The bill (H.R. 1533), as amended, was read the third time and passed.

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