S. 424 · 119th Congress
Retirement Fairness for Charities and Educational Institutions Act of 2025
- Stage
- In committee
- Sponsor
- Katie Britt
- Introduced
- 2025-02-05
- Latest action
- 2025-02-05 · Introduced in Senate
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.