HR 1418 98th Congress House

Residential Mortgage 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 8, 1983 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov

Labor and Employment Employee benefit plansFederally-assisted loansFederally-guaranteed loansHousing and Community Development

More subjectsShow fewer subjects

Housing and Housing FinanceHousing financeMortgagesReal estate investment

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 9, 1983

Referred to Subcommittee on Labor-Management Relations.

Feb 10, 1983

Referred to House Committee on Ways and Means.

Feb 10, 1983

Referred to House Committee on Education and Labor.

Feb 10, 1983

Introduced in House

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Latest action March 9, 1983

Referred to Subcommittee on Labor-Management Relations.

Plain-English summary Congressional Research Service

Residential Mortgage 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: (1) any qualified mortgage transaction engaged in by an employee benefit plan provided only that such transaction received the prior approval of an independent fiduciary; and (2) purchase, retention, or sale by an employee benefit plan of interests in Federal or State government-guaranteed residential mortgage loans.

Committees of jurisdiction 3

Education and Workforce Committee
House of Representatives
Health, Employment, Labor, and Pensions Subcommittee
House of Representatives · subcommittee of Education and Workforce Committee
Ways and Means Committee
House of Representatives

Cosponsors 5

Durbin, Richard J.

Illinois · Mar 8, 1983

FROST, MARTIN

· Mar 8, 1983

Schumer, Charles E.

New York · Mar 8, 1983

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 1418: Residential Mortgage Investment Act of 1983. 98th Congress. Open America. https://openamerica.io/bill/98-HR-1418/

MLA

"H.R. 1418: Residential Mortgage Investment Act of 1983." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-1418/.

Bluebook (legal)

H.R. 1418, 98th Cong. (2026), https://openamerica.io/bill/98-HR-1418/.

Markdown link

[H.R. 1418: Residential Mortgage Investment Act of 1983](https://openamerica.io/bill/98-HR-1418/)