S 424 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill would let certain retirement plans used by employees of public schools, charities, and churches put their money into two additional types of investments: collective investment trusts, which are pools of investments managed by a bank or trust company, and separate accounts run by insurance companies. These retirement plans are called 403(b) plans, and currently they are not allowed to use these investment options.
Introduced
February 5, 2025
Policy Area
Finance and Financial Sector
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