S.424

Retirement Fairness for Charities and Educational Institutions Act of 2025

Introduced·2/5/25

Enhances 403(b) plans by amending federal 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, Securities Act of 1933, and Securities Exchange Act of 1934 to include certain plans as investment companies. This includes plans subject to the Employee Retirement Income Security Act of 1974, employer-sponsored plans where the employer serves as a fiduciary, and governmental plans. The changes aim to provide more clarity and regulation for these retirement plans.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Banking, Housing, And Urban Affairs Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Feb 5, 2025

Senate

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