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HR 1179 98th Congress House

Residential Mortgage Pension Investment Act of 1983

Official title: A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to permit the investment by employee benefit plans in residential mortgages.

Introduced: March 9, 1983 See on congress.gov
Labor and Employment Employee benefit plansHousing and Community DevelopmentHousing and Housing FinanceHousing finance
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MortgagesReal estate investment
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 1984
Executive Comment Received From Pension Guaranty Corp.
Mar 27, 1984
Subcommittee Hearings Held.
Mar 23, 1984
Executive Comment Requested from Pension Guaranty Corp, Labor, IRS.
Feb 15, 1983
Referred to Subcommittee on Labor-Management Relations.
Feb 2, 1983
Referred to House Committee on Ways and Means.
Feb 2, 1983
Referred to House Committee on Education and Labor.
Feb 2, 1983
Introduced in House
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 Latest action April 30, 1984

Executive Comment Received From Pension Guaranty Corp.

 Plain-English summary Congressional Research Service

Residential Mortgage Pension Investment Act of 1983 - Amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code to exempt from specified prohibited transaction provisions any qualified mortgage transaction engaged in by an employee benefit plan, provided such transaction is at "arm's length" (i.e. if the terms of the transaction are at least as favorable to the plan as those of similar transactions involving unrelated parties).

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Republican 1
FROST, MARTIN
· Mar 9, 1983
 R
Rogers, Harold
Kentucky · Mar 9, 1983
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1179: Residential Mortgage Pension Investment Act of 1983. 98th Congress. Open America. https://openamerica.io/bill/98-HR-1179/
MLA
"H.R. 1179: Residential Mortgage Pension Investment Act of 1983." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-1179/.
Bluebook (legal)
H.R. 1179, 98th Cong. (2026), https://openamerica.io/bill/98-HR-1179/.
Markdown link
[H.R. 1179: Residential Mortgage Pension Investment Act of 1983](https://openamerica.io/bill/98-HR-1179/)
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