Summary: H.R.5872 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5872. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/19/1990)

Amends the Employee Retirement Income Security Act of 1974 to include under the definition of qualifying employer security (in addition to a stock or a marketable obligation) an interest in an existing publicly traded partnership. Requires such an interest to satisfy certain requirements as to maximum percentage held by plan and minimum percentage held by persons independent of the plan, in the case of a plan other than an eligible individual account plan.