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HR 6781 97th Congress House

Residential Mortgage Investment Act of 1982

Official title: A bill to permit the investment by employee benefit plans in residential mortgages.

Introduced: August 11, 1982 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Labor and Employment Employee benefit plansExcise taxHousing and Community DevelopmentHousing and Housing Finance
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MortgagesReal estate investmentTaxation
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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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 1982
Executive Comment Requested from Pension Benefit Guaranty Corporation, IRS, Labor.
Jul 23, 1982
Referred to Subcommittee on Labor-Management Relations.
Jul 15, 1982
Referred to House Committee on Ways and Means.
Jul 15, 1982
Referred to House Committee on Education and Labor.
Jul 15, 1982
Introduced in House
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 Latest action September 28, 1982

Executive Comment Requested from Pension Benefit Guaranty Corporation, IRS, Labor.

 Plain-English summary Congressional Research Service

Residential Mortgage Investment Act of 1982 - Permits employee benefit plans, as defined under this Act, to engage in any qualified mortgage transaction involving any qualified residential mortgage loan, provided transactions between all parties are at arm's length. Permits such plans to participate in any mortgage pool, provided such pool conforms to specified requirements with regard to permitted investments.

Authorizes the Secretary of the Treasury to prescribe regulations to carry out this Act.

Provides that this Act shall supersede any and all contrary provisions of State law, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code. Prohibits the imposition of Federal excise tax on a plan or pool that engages in a transaction described under this Act.

 Related & companion bills 1
  • HR 6987 Identical bill Residential Mortgage Investment Act of 1982
 Committees of jurisdiction 3
 Cosponsors 8
All 8 Democratic 3 Republican 1
BEREUTER, DOUGLAS
· Aug 11, 1982
 D
Hoyer, Steny H.
Maryland · Aug 11, 1982
 R
Rogers, Harold
Kentucky · Aug 11, 1982
TAUZIN, W.
· Aug 5, 1982
FROST, MARTIN
· Jul 27, 1982
 D
Markey, Edward J.
Massachusetts · Jul 27, 1982
 D
Schumer, Charles E.
New York · Jul 27, 1982
GEPHARDT, RICHARD
· Jul 15, 1982
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6781: Residential Mortgage Investment Act of 1982. 97th Congress. Open America. https://openamerica.io/bill/97-HR-6781/
MLA
"H.R. 6781: Residential Mortgage Investment Act of 1982." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-6781/.
Bluebook (legal)
H.R. 6781, 97th Cong. (2026), https://openamerica.io/bill/97-HR-6781/.
Markdown link
[H.R. 6781: Residential Mortgage Investment Act of 1982](https://openamerica.io/bill/97-HR-6781/)
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