legislation: 96-s-2973

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
96-s-2973 96 s 2973 A bill to amend the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 to clarify exemptions from such Acts for the funding by insurance companies of certain employee benefit plans. Labor and Employment 1980-07-25 1980-07-25 Referred to Senate Committee on Banking, Housing and Urban Affairs. Senate Sen. Sarbanes, Paul S. [D-MD] MD D S000064 1 Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to revise provisions exempting specified securities from such Acts to: (1) include within the exemption, interest in a trust fund or securities arising out of an insurance contract in connection with a governmental employee benefit plan; but (2) exclude plans which are funded by an annuity contract. Amends the Investment Company Act of 1940 to include within the exemption from such Act governmental employee benefit plans and single trust funds maintained by a bank. 2025-01-14T18:20:21Z  

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