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HR 6781 97th Congress House Labor and Employment Employee benefit plans Excise tax Housing and Community Development Housing and Housing Finance Mortgages Real estate investment Taxation

Residential Mortgage Investment Act of 1982

Introduced: July 15, 1982 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 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
 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.

What's happening now September 28, 1982

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

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 3 Republican 1