S 424 · 119th CongressIn Committeecongress.gov ↗

Retirement Fairness for Charities and Educational Institutions Act of 2025

What this bill does

AI plain-language summary

This 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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