Retirement Fairness for Charities and Educational Institutions Act of 2025
The summary
What this bill does
Retirement Fairness for Charities and Educational Institutions Act of 2025
This bill allows 403(b) retirement plans (i.e., retirement plans designed for certain employees of public schools, charities, and churches) to invest in collective investment trusts, which are a group of pooled investment assets held by a bank or trust company, and in insurance company separate accounts.
Legislative timeline
From introduction
Feb 5, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - AL · R-AL
19 cosponsors
Member of Congress · D-GA
U.S. Representative - LA · R-LA
U.S. Representative - MI · D-MI
U.S. Representative - TN · R-TN
U.S. Representative - Idaho District 2 · R-ID
U.S. Representative - NV · D-NV
U.S. Representative - NC · R-NC
U.S. Representative - DE · D-DE
U.S. Representative - ND · R-ND
U.S. Senator - South Dakota · R-SD
Member of Congress · D-VA
U.S. Representative - Arizona District 7 · D-AZ
+ 7 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | S |
| Bill Number | 424 |
| Origin Chamber | Senate |
| Current Status | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | February 5, 2025 |
| Latest Action | February 5, 2025 |
| Cosponsors | 19 · House vote — · — views |