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S. 424 · 119th Congress

Retirement Fairness for Charities and Educational Institutions Act of 2025

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Bill details

Introduced: 2/5/2025
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill ID: 119s424
Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Introduced in Senate

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.

Source: BILLSUM · Summary date: 2/5/2025

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Summary source label: BILLSUM
Congress.gov bill →GovInfo bill text (BILLS) →GovInfo summaries (BILLSUM) →OurCongress methodology →
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About this data

Non-partisan by design
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Official sources
Data is sourced from official government records (e.g., Congress.gov, GovInfo, Clerk of the House, and the U.S. Senate).
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Last updated: 2/5/2025Source: BILLSUMBill: 119s424Learn more →