119th Congress
S. 424
Retirement Fairness for Charities and Educational Institutions Act of 2025
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Katie Boyd Britt(R-AL)
- Introduced
- Feb 5, 2025
- Policy area
- Finance and Financial Sector
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (21)
Original cosponsors (3)
- Bill Cassidy (R-LA)
- Gary C. Peters (D-MI)
- Raphael G. Warnock (D-GA)
Added later (18)
- Bill Hagerty (R-TN) · Feb 13, 2025
- Mike Crapo (R-ID) · Feb 13, 2025
- Jacky Rosen (D-NV) · Feb 18, 2025
- Thom Tillis (R-NC) · Feb 18, 2025
- Christopher A. Coons (D-DE) · Mar 6, 2025
- Kevin Cramer (R-ND) · Mar 6, 2025
- Mike Rounds (R-SD) · Mar 6, 2025
- Tim Kaine (D-VA) · Mar 12, 2025
- Ruben Gallego (D-AZ) · Mar 13, 2025
- Steve Daines (R-MT) · Apr 4, 2025
- Angela D. Alsobrooks (D-MD) · Apr 8, 2025
- Pete Ricketts (R-NE) · Apr 8, 2025
- Chris Van Hollen (D-MD) · Sep 3, 2025
- John Kennedy (R-LA) · Sep 3, 2025
- David McCormick (R-PA) · Oct 7, 2025
- John W. Hickenlooper (D-CO) · Oct 7, 2025
- Tim Scott (R-SC) · Jul 14, 2026
- Roger Marshall (R-KS) · Sep 29, 2026
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 5, 2025 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Feb 5, 2025
Introduced in Senate