[United States Statutes at Large, Volume 126, 112th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


Public Law 112-142
112th Congress

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''.

Approved July 9, 2012.

LEGISLATIVE HISTORY--H.R. 33:
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HOUSE REPORTS: No. 112-131 (Comm. on Financial Services).
CONGRESSIONAL RECORD, Vol. 157 (2011):
July 18, considered and passed House.
July 21, considered and passed Senate.