Retirement Fairness for Charities and Educational Institutions Act of 2025

Sponsored byRep. Lucas, Frank D. [R-OK-3]OK· Introduced 5 February 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

—

Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Placed on the Union Calendar, Calendar No. 340.

28 November 2025·7 months ago

Summary

Introduced in House · Updated 9 June 2025

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.

Timeline

8 actions

Placed on the Union Calendar, Calendar No. 340.
28 November 2025 · Calendars
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
28 November 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
28 November 2025 · Committee
Committee Consideration and Mark-up Session Held
20 May 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 8.
20 May 2025 · Committee
Referred to the House Committee on Financial Services.
5 February 2025 · IntroReferral
Introduced in House
5 February 2025 · IntroReferral
Introduced in House
5 February 2025 · IntroReferral

Sponsorship

24 cosponsors

Sponsor

Rep. Lucas, Frank D. [R-OK-3]OK

Cosponsors

Democrat1979%
Republican521%

Democrat:Rep. Courtney, Joe [D-CT-2]CT
Democrat:Rep. Horsford, Steven [D-NV-4]NV
Democrat:Rep. Davis, Donald G. [D-NC-1]NC
Democrat:Rep. McBride, Sarah [D-DE-At Large]DE
Democrat:Rep. Schneider, Bradley Scott [D-IL-10]IL
Democrat:Rep. Bynum, Janelle S. [D-OR-5]OR
Democrat:Rep. Houlahan, Chrissy [D-PA-6]PA
Democrat:Rep. Scott, David [D-GA-13]GA
Democrat:Rep. Norcross, Donald [D-NJ-1]NJ
Republican:Rep. Lawler, Michael [R-NY-17]NY
Democrat:Rep. Harder, Josh [D-CA-9]CA
Democrat:Rep. Vindman, Eugene Simon [D-VA-7]VA
Democrat:Rep. Neguse, Joe [D-CO-2]CO
Democrat:Rep. Suozzi, Thomas R. [D-NY-3]NY
Democrat:Rep. Sewell, Terri A. [D-AL-7]AL
Republican:Rep. Sessions, Pete [R-TX-17]TX
Democrat:Rep. Panetta, Jimmy [D-CA-19]CA
Democrat:Rep. Morelle, Joseph D. [D-NY-25]NY
Democrat:Rep. Pettersen, Brittany [D-CO-7]CO
Republican:Rep. Nunn, Zachary [R-IA-3]IA
Republican:Rep. Meuser, Daniel [R-PA-9]PA
Democrat:Rep. Foster, Bill [D-IL-11]IL
Republican:Rep. Barr, Andy [R-KY-6]KY
Democrat:Rep. Gottheimer, Josh [D-NJ-5]NJ

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Employee benefits and pensionsFinancial services and investmentsGovernment employee pay, benefits, personnel managementReligionSocial work, volunteer service, charitable organizations

Committees

Financial Services Committee
House · Standing
- Referred To5 Feb 2025
- Markup By20 May 2025
- Reported By28 Nov 2025

Reports

H. Rept. 119-390

Cosponsor momentum

Cumulative over time

Track Retirement Fairness for Charities and Educational Institutions Act of 2025 as it moves through Congress