H.R. 1533: To amend the securities laws to permit church pension plans to be invested in collective trusts.

108th Congress · introduced 2003-04-01 · Finance and Financial Sector · Latest: Became Public Law No: 108-359.

federal

Follow this bill, step by step

Where it came from: introduced 2003-04-01 · official record
Who proposed it: Rep. Biggert, Judy [R-IL-13] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 462 (2003): On Motion to Suspend the Rules and Pass, as Amended, HR1533 (2003-09-03), Passed. See all
Where it stands now: Became Public Law No: 108-359. (final step reached)
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

To amend the securities laws to permit church pension plans to be invested in collective trusts.

Plain summary

Amends the Investment Company Act of 1940 to exclude from its definition of "investment company" any collective trust fund maintained by a bank consisting solely of certain church pension plans, companies, or accounts specified in the Internal Revenue Code. Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to exempt such church pension plans, companies, or accounts from regulation under such Acts, including registration requirements. (Thus exempts such church pension plans, companies, or accounts from Federal jurisdiction for securities fraud, manipulation, transparency, and disclosure requirements.)

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

To amend the securities laws to permit church pension plans to be invested in collective trusts.

Source: Congressional Research Service summary (Public Law)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Biggert, Judy [R-IL-13] · 15 cosponsors

Cost estimate: CBO cost estimate: H.R. 1533, A bill to amend the securities laws to permit church pension plans to be invested in collective trusts (2003-08-27); CBO cost estimate: H.R. 1533, A bill to amend the securities laws to permit church pension plans to be invested in collective trusts (2003-08-27)

Cosponsors on this site

Brad Sherman (D-CA), Gregory W. Meeks (D-NY), Robert C. "Bobby" Scott (D-VA)

Recorded votes

House roll call 462 (2003): On Motion to Suspend the Rules and Pass, as Amended, HR1533 (2003-09-03): Passed

Words on this page, explained (4)

Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Jurisdiction: The area or the matters a government or court has authority over.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Public Law)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108hr1533.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/hr>

Record fed-us-cong108-hr1533 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108