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S. 424 119th Congress Senate

Retirement Fairness for Charities and Educational Institutions Act of 2025

Official title: A bill to amend the Federal securities laws to enhance 403(b) plans, and for other purposes.

Introduced: February 5, 2025 Introduced by: Katie Boyd Britt Republican · Alabama See on congress.gov
Finance and Financial Sector Employee benefits and pensionsFinancial services and investmentsGovernment employee pay, benefits, personnel managementReligionSocial work, volunteer service, charitable organizations
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 5, 2025
Introduced in Senate
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What's happening now February 5, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 278

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • CGCN GROUP, LLC
    for AMERICAN RETIREMENT ASSOCIATION · Virginia · 3rd Quarter 2026 (July 1 - Sep 30)
  • INSURED RETIREMENT INSTITUTE
    for INSURED RETIREMENT INSTITUTE · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • AMERIPRISE FINANCIAL, INC.
    for AMERIPRISE FINANCIAL, INC. · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • AMERICAN BANKERS ASSOCIATION
    for AMERICAN BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • TRANSAMERICA COMPANIES
    for TRANSAMERICA COMPANIES · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • LPL FINANCIAL
    for LPL FINANCIAL · Massachusetts · 3rd Quarter 2026 (July 1 - Sep 30)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 278 filings →
Cite this page click to expand
APA
U.S. Congress. (2026). S. 424: Retirement Fairness for Charities and Educational Institutions Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-424/
MLA
"S. 424: Retirement Fairness for Charities and Educational Institutions Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-424/.
Bluebook (legal)
S. 424, 119th Cong. (2026), https://openamerica.io/bill/119-S-424/.
Markdown link
[S. 424: Retirement Fairness for Charities and Educational Institutions Act of 2025](https://openamerica.io/bill/119-S-424/)
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