Bills · 119th Congress · Finance and Financial Sector

Retirement Fairness for Charities and Educational Institutions Act of 2025

Where it stands

  1. Introduced2/5/25
  2. Passed House
  3. Senate
  4. President
  5. Law

Introduced in the House on February 5, 2025.

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Roll calls on this bill

Votes on passage
HouseOn Passage · 11/11/26PassageThe vote on whether this chamber approves the measure — usually by a simple majority of those voting. It becomes law only once both chambers pass the same text and the president signs it, or Congress overrides a veto.House: The Legislative Process ↗
Passed
  • Democratic83 Yea · 128 Nay · 3 Not voting
  • Republican211 Yea · 0 Nay · 7 Not voting
  • Independent / Other1 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

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.

Full text on congress.gov ↗
Sponsor
Rep. Frank D. Lucas ( Republican · OK-3)
Cosponsors
24
Introduced
2/5/25
Policy area
Finance and Financial Sector

What happens next

The House must pass it, then the Senate must pass the same text, then it goes to the President.

If it isn't enacted by Jan 3, 2027, it expires when the 119th Congress ends.

All actions (8)
  1. 2/5/25Introduced in House
  2. 2/5/25Referred to the House Committee on Financial Services.
  3. 5/20/25Committee Consideration and Mark-up Session Held
  4. 5/20/25Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 8.
  5. 11/28/25Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
  6. 11/28/25Placed on the Union Calendar, Calendar No. 340.
  7. 11/9/26Rules Committee Resolution H. Res. 1650 Reported to House. Rule provides for consideration of H.R. 1013 with 1 hour of general debate. Previous question shall be considered as ordered except motion to recommit. Bill is closed to amendments.
  8. 11/10/26Rule H. Res. 1650 passed House.