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HR 4708 97th Congress House Labor and Employment Employee benefit plans Housing and Community Development Housing and Housing Finance Interest Mortgages Real estate investment

A bill to amend the Employee Retirement Income Security Act of 1974 with regard to mortgage investments.

Introduced: October 7, 1981 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 16, 1981
Referred to Subcommittee on Labor-Management Relations.
Oct 7, 1981
Referred to House Committee on Education and Labor.
Oct 7, 1981
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Employee Retirement Income Security Act of 1974 to provide that certain fiduciary duties under such Act shall be deemed satisfied by investments in residential housing mortgages that provide adequate security and a reasonable rate of interest.

Exempts from specified prohibitions under such Act the placing, investing, or purchase of a mortgage secured by residential housing property if such investment or sale: (1) is adequately secured; (2) is made in accordance with specific provisions rearding such loans set forth in the employee benefit plan; and (3) bears a reasonable rate of interest.

What's happening now October 16, 1981

Referred to Subcommittee on Labor-Management Relations.

 Related & companion bills 1
  • S 1678 Identical bill A bill to amend the Employee Retirement Income Security Act of 1974 with regard to mortgage investments.
 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Dec 16, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4708: A bill to amend the Employee Retirement Income Security Act of 1974 with regard to mortgage investments.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4708/
MLA
"H.R. 4708: A bill to amend the Employee Retirement Income Security Act of 1974 with regard to mortgage investments.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4708/.
Bluebook (legal)
H.R. 4708, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4708/.
Markdown link
[H.R. 4708: A bill to amend the Employee Retirement Income Security Act of 1974 with regard to mortgage investments.](https://openamerica.io/bill/97-HR-4708/)
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