Introduced
by
To allow a financial institution to establish and maintain collective investment funds, which are funds that consist solely of the assets of retirement, pension, profit sharing, stock bonus, or other trusts. This places in statute what is already in administrative law, and brings the state and federal regulations on this subject into conformity.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 101 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one that revises the definition of financial institution.
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
To allow a financial institution to establish and maintain collective investment funds, which are funds that consist solely of the assets of retirement, pension, profit sharing, stock bonus, or other trusts. This places in statute what is already in administrative law, and brings the state and federal regulations on this subject into conformity.
Passed in the House 99 to 0 (details)
To concur with the Senate-passed version of the bill.