Retirement Fairness for Charities and Educational Institutions Act of 2025
- Bill Number
- S. 424
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 1
- Policy Area
- Finance and Financial Sector
- Status
- Introduced
- Latest Action
- 2025-02-05: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Last Updated
- 2025-12-05T04:25:30Z
Official Summary
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.
Sponsor
Cosponsors (19)
Sen. Warnock, Raphael G. [D-GA], Sen. Cassidy, Bill [R-LA], Sen. Peters, Gary C. [D-MI], Sen. Hagerty, Bill [R-TN], Sen. Crapo, Mike [R-ID], Sen. Rosen, Jacky [D-NV], Sen. Tillis, Thomas [R-NC], Sen. Coons, Christopher A. [D-DE], Sen. Cramer, Kevin [R-ND], Sen. Rounds, Mike [R-SD], Sen. Kaine, Tim [D-VA], Sen. Gallego, Ruben [D-AZ], Sen. Daines, Steve [R-MT], Sen. Alsobrooks, Angela D. [D-MD], Sen. Ricketts, Pete [R-NE], Sen. Kennedy, John [R-LA], Sen. Van Hollen, Chris [D-MD], Sen. McCormick, David [R-PA], Sen. Hickenlooper, John W. [D-CO]
Recent Actions
- 2025-02-05: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-02-05: Introduced in Senate
Bill Versions
- Retirement Fairness for Charities and Educational Institutions Act of 2025 — issued 2025-02-05 — PDF (6 pages)