Who it affects
- Public school employees with 403(b) plans
- Charity employees with 403(b) plans
- Church employees with 403(b) plans
In committeeRetirementInvesting
Retirement Fairness for Charities and Educational Institutions Act of 2025
S. 424 · Senate bill · Introduced Feb. 5, 2025
The Retirement Fairness for Charities and Educational Institutions Act of 2025 would allow certain public school, charity, and church employees’ 403(b) retirement plans to use additional investment options.
At a glance
Where it stands
In committee
How South Carolina voted
No recorded votes yet.
See each vote ↓Lobbying and money
No lobbying reported yet
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
What it would do
- The bill would allow 403(b) retirement plans to invest in collective investment trusts.
- These trusts pool investments held by a bank or trust company.
- The plans could also invest in separate accounts offered by insurance companies.
- These retirement plans serve certain employees of public schools, charities, and churches.
Written with AI from the official summary by Congress's research office.
How South Carolina voted
No recorded roll-call vote on this bill yet.
Groups that lobbied on it and gave to SC's members
PAC, lobbyist campaign and qualifying employee money this election, shown separately and never added together. Lobbying reports name the bills a group worked on, not which side it took.
No lobbying reported yet. Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
Official record
Official title, sponsor and status
- Official title
- A bill to amend the Federal securities laws to enhance 403(b) plans, and for other purposes.
- Sponsor
- Sen. Britt, Katie Boyd (R-AL)
- Introduced
- Feb. 5, 2025
- Cosponsors
- 21
- Committees
- Senate Banking, Housing, and Urban Affairs Committee
- Latest action
- Feb. 5, 2025 · Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Official summary from the 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.
Summary on Congress.gov ↗Everyone who lobbied on this bill (0 groups)
No lobbying report we have loaded names this bill. That doesn't mean no lobbying took place.
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published. Reports for October through December 2026 are due January 20, 2027.