A bill to amend the Internal Revenue Code of 1954 to encourage foreign pension plans to invest in the United States.

Amends the Internal Revenue Code to exempt from liability for income tax on investments in the United States any foreign pension plan maintained under the laws of such foreign country primarily for the benefit of employees. Requires the participation in any such plan of at least ten employees, a majority of whom are nonresident alien individuals. Applies such exemption only to amounts received in the United States between December 31, 1980 and December 31, 1985.