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![handle is hein.usccsset/usconset50480 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
108TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 108-248
AMENDING THE SECURITIES LAWS TO PERMIT CHURCH
PENSION PLANS TO BE INVESTED IN COLLECTIVE
TRUSTS
SEPTEMBER 3, 2003.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. OXLEY, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 1533]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1533) to amend the securities laws to permit church pen-
sion plans to be invested in collective trusts, having considered the
same, report favorably thereon without amendment and rec-
ommend that the bill do pass.
CONTENTS
Page
Purpose and Sum m ary .......................................................................................... 2
Background and Need for Legislation .................................................................... 2
H earings ................................................................................................................... 2
Com m ittee Consideration ...................................................................................... 2
C om m ittee V otes ...................................................................................................... 3
Com m ittee Oversight Findings ............................................................................... 3
Performance Goals and Objectives ....................................................................... 3
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 3
Com m ittee Cost Estim ate ..................................................................................... 3
Congressional Budget Office Cost Estimate .......................................................... 3
Federal M andates Statem ent ............................................................................... 4
Advisory Com m ittee Statem ent ............................................................................. . 4
Constitutional Authority Statem ent ...................................................................... 4
Applicability to Legislative Branch ........................................................................ 4
Section-by-Section Analysis .................................................................................... 4
Changes in Existing Law Made by the Bill, as Reported ................................... 5
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