HR 1013
· 119th Congress
· Finance and Financial Sector
Retirement Fairness for Charities and Educational Institutions Act of 2025
Sponsor
Latest action
Placed on the Union Calendar, Calendar No. 340.
Action timeline
Every recorded action on this bill, newest first. Stage badges color-code the legislative path.
Nov 28, 2025
committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
Financial Services Committee
Nov 28, 2025
other
Placed on the Union Calendar, Calendar No. 340.
May 20, 2025
committee
Committee Consideration and Mark-up Session Held
Financial Services Committee
May 20, 2025
committee
Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 8.
Financial Services Committee
Feb 05, 2025
introduced
Introduced in House
Feb 05, 2025
introduced
Referred to the House Committee on Financial Services.
Financial Services Committee
Text versions
Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.
CRS summaries
Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.
00
Introduced in House
Feb 05, 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.
via Congressional Research Service · published through congress.gov
Changelog
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih / is — Introduced in House / Senate. First filed version.rfh / rfs — Referred to a committee for review.rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs / pch — Placed on Calendar for floor consideration.eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh / rds — Received by the other chamber.eah / eas — Engrossed Amendment. The other chamber passed an amended version.ath / ats — Agreed to. Both chambers settled on the same text.enr — Enrolled. Final reconciled text, sent to the President.pl — Public Law. Signed by the President. It's now law.pp — Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih/is— Introduced in House / Senate. First filed version.rfh/rfs— Referred to a committee for review.rh/rs— Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs/pch— Placed on Calendar for floor consideration.eh/es— Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh/rds— Received by the other chamber.eah/eas— Engrossed Amendment. The other chamber passed an amended version.ath/ats— Agreed to. Both chambers settled on the same text.enr— Enrolled. Final reconciled text, sent to the President.pl— Public Law. Signed by the President. It's now law.pp— Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
Line-level diff between text versions of this bill — what actually changed at each legislative stage.
+56
−12
49 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,12 +1,15 @@
[From the U.S. Government Publishing Office]
-[H.R. 1013 Introduced in House (IH)]
+[H.R. 1013 Reported in House (RH)]
<DOC>
+Union Calendar No. 340
119th CONGRESS
1st Session
H. R. 1013
+[Report No. 119-390]
+
To amend the Federal securities laws to enhance 403(b) plans, and for
other purposes.
@@ -20,6 +23,23 @@
introduced the following bill; which was referred to the Committee on
Financial Services
+November 28, 2025
+
+Additional sponsors: Mr. Meuser, Ms. Pettersen, Mr. Nunn of Iowa, Mr.
+Morelle, Mr. Panetta, Mr. Sessions, Ms. Sewell, Mr. Suozzi, Mr. Neguse,
+Mr. Vindman, Mr. Harder of California, Mr. Lawler, Mr. Norcross, Mr.
+David Scott of Georgia, Ms. Houlahan, Ms. Bynum, Mr. Schneider, Ms.
+McBride, Mr. Davis of North Carolina, Mr. Horsford, and Mr. Courtney
+
+November 28, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
+[Strike out all after the enacting clause and insert the part printed
+in italic]
+[For text of introduced bill, see copy of bill as introduced on
+February 5, 2025]
+
_______________________________________________________________________
A BILL
@@ -35,24 +55,25 @@
This Act may be cited as the ``Retirement Fairness for Charities
and Educational Institutions Act of 2025''.
-SEC. 4102. ENHANCEMENT OF 403(B) PLANS.
+SEC. 2. ENHANCEMENT OF 403(B) PLANS.
(a) Amendments to the Investment Company Act of 1940.--Section
3(c)(11) of the Investment Company Act of 1940 (15 U.S.C. 80a-3(c)(11))
is amended to read as follows:
``(11) Any--
-``(A) employee's stock bonus, pension, or profit-
-sharing trust which meets the requirements for
-qualification under section 401 of the Internal Revenue
-Code of 1986;
+``(A) trust forming part of an employee's stock
+bonus, pension, or profit-sharing plan which meets the
+requirements for qualification under section 401 of the
+Internal Revenue Code of 1986;
``(B) custodial account meeting the requirements of
section 403(b)(7) of such Code;
``(C) governmental plan described in section
-3(a)(2)(C) of the Securities Act of 1933;
+3(a)(2)(C) of the Securities Act of 1933 (15 U.S.C.
+77c(a)(2)(C));
``(D) collective trust fund maintained by a bank
consisting solely of assets of one or more--
``(i) trusts described in subparagraph (A);
-``(ii) government plans described in
+``(ii) governmental plans described in
subparagraph (C);
``(iii) church plans, companies, or
accounts that are excluded from the definition
@@ -98,8 +119,9 @@
plans in connection with which interests,
participations, or securities are exempted from
the registration provisions of section 5 of the
-Securities Act of 1933 by section 3(a)(2)(C) of
-such Act;
+Securities Act of 1933 (15 U.S.C. 77e) by
+section 3(a)(2)(C) of such Act (15 U.S.C.
+77c(a)(2)(C));
``(iii) advances made by an insurance
company in connection with the operation of
such separate account; and
@@ -127,7 +149,7 @@
that follows through ``retirement income account).'' and
inserting ``(iii) in the case of a plan not described in
subparagraph (D) or (E), which is a plan funded by an annuity
-contract described in section 403(b) of such Code''.
+contract described in section 403(b) of such Code.''.
(c) Amendments to the Securities Exchange Act of 1934.--Section
3(a)(12)(C) of the Securities Exchange Act of 1934 (15 U.S.C.
78c(a)(12)(C)) is amended--
@@ -153,4 +175,26 @@
Section 12(g)(2)(H) of the Securities Exchange Act of 1934 (15 U.S.C.
78l(g)(2)(H)) is amended by striking ``or (iii)'' and inserting ``(iii)
a plan described in section 3(a)(12)(C)(iv) of this Act, or (iv)''.
-<all>
+Union Calendar No. 340
+
+119th CONGRESS
+
+1st Session
+
+H. R. 1013
+
+[Report No. 119-390]
+
+_______________________________________________________________________
+
+A BILL
+
+To amend the Federal securities laws to enhance 403(b) plans, and for
+other purposes.
+
+_______________________________________________________________________
+
+November 28, 2025
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
Lobbying activity
Organizations whose LDA filings reference this bill, ranked by filing count. Position not disclosed — LDA does not require lobbyists to report support / oppose / monitor. Bill-number references can be stale (lobbyists sometimes copy text year-over-year), so verify against the filing description.
LPL FINANCIAL
RET
7
filings · 2026 Q3
6
filings · 2026 Q3
6
filings · 2026 Q3
CHURCH ALLIANCE
FIN
6
filings · 2025 Q3
TIAA
FIN
6
filings · 2026 Q3
TIAA
FINRET
5
filings · 2026 Q3
VANGUARD GROUP
FINRET
5
filings · 2026 Q3
5
filings · 2026 Q3
5
filings · 2026 Q3
5
filings · 2026 Q3
via Senate LDA · self-reported quarterly. Filing count = filings mentioning this bill (no position required), not money spent on it. Click a client to see all bills they've filed on.
Cosponsors (23)
Members who signed on to support this bill.