Enhances 403(b) plans for charities and educational institutions by amending securities laws.
The Retirement Fairness for Charities and Educational Institutions Act of 2025 amends federal securities laws to enhance 403(b) plans. It modifies the Investment Company Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934 to include certain 403(b) plans in the definition of an investment company. This change applies to plans subject to the Employee Retirement Income Security Act of 1974, employer-fiduciary plans, and governmental plans.
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