H.R. 1013 Reported by committee Finance and Financial Sector

Retirement Fairness for Charities and Educational Institutions Act of 2025

To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Lucas, Frank D. [R-OK-3] Introduced February 5, 2025 Cosponsors 24 (5 R, 19 D) Latest action November 28, 2025

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Nov 28, 2025 Placed on the Union Calendar, Calendar No. 340.
  2. Nov 28, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
  3. May 20, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 8.
  4. May 20, 2025 Committee Consideration and Mark-up Session Held
  5. Feb 5, 2025 Referred to the House Committee on Financial Services.
  6. Feb 5, 2025 Introduced in House

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