S. 424: Retirement Fairness for Charities and Educational Institutions Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-02-05 |
| Sponsor | Sen. Britt, Katie Boyd [R-AL] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 20 |
| Latest action | 2025-02-05 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-15 |
Summary
Official summary (Introduced in Senate, 2025-02-05):
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.
Cosponsors (20)
| Name | Party / state |
|---|---|
| Raphael G. Warnock | D GA (original cosponsor) 2025-02-05 |
| Bill Cassidy | R LA (original cosponsor) 2025-02-05 |
| Gary C. Peters | D MI (original cosponsor) 2025-02-05 |
| Bill Hagerty | R TN 2025-02-13 |
| Mike Crapo | R ID 2025-02-13 |
| Jacky Rosen | D NV 2025-02-18 |
| Thom Tillis | R NC 2025-02-18 |
| Christopher A. Coons | D DE 2025-03-06 |
| Kevin Cramer | R ND 2025-03-06 |
| Mike Rounds | R SD 2025-03-06 |
| Tim Kaine | D VA 2025-03-12 |
| Ruben Gallego | D AZ 2025-03-13 |
| Steve Daines | R MT 2025-04-04 |
| Angela D. Alsobrooks | D MD 2025-04-08 |
| Pete Ricketts | R NE 2025-04-08 |
| John Kennedy | R LA 2025-09-03 |
| Chris Van Hollen | D MD 2025-09-03 |
| David McCormick | R PA 2025-10-07 |
| John W. Hickenlooper | D CO 2025-10-07 |
| Tim Scott | R SC 2026-07-14 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 424 are published by Congress on congress.gov.
Frequently asked questions
What is S. 424?
S. 424 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Retirement Fairness for Charities and Educational Institutions Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 424 are available on congress.gov.
Bill data: congress.gov API (official congressional records).