CERTAIN INVESTMENTS BY ANNUITY PLANS.

SEC. 1504. CERTAIN INVESTMENTS BY ANNUITY PLANS. (a) In General.— Paragraph (7) of section 403(b) (relating to custodial accounts for regulated investment company stock) is amended by striking out “, and which issues only redeemable stock” in subparagraph (C). (b) Effective Date.— The amendment made by this section applies to taxable years beginning after December 31, 1975.