S. 424

119th Congress

In Committee

Retirement Fairness for Charities and Educational Institutions Act of 2025

Sponsored byRepublican:Sen. Britt, Katie Boyd [R-AL]AL· Introduced 5 February 2025
Open on Congress.gov

20

Cosponsors

2

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

5 February 2025·1 year ago

Summary

Introduced in Senate · Updated 19 August 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

2 actions

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

    5 February 2025 · IntroReferral

  2. Introduced in Senate

    5 February 2025 · IntroReferral

Sponsorship

20 cosponsors

Sponsor

Republican:Sen. Britt, Katie Boyd [R-AL]AL

Cosponsors

  • Democrat945%
  • Republican1155%

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

1

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To5 Feb 2025
    • Referred To5 Feb 2025

Cosponsor momentum

Cumulative over time

Cosponsors grew from 3 on 5 February 2025 to 20 on 14 July 2026.

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