{"format":1,"id":"119-hr-1013","congress":119,"number":"H.R. 1013","kind":"bill","group":"bills","title":"Retirement Fairness for Charities and Educational Institutions Act of 2025","title_source":"Short Title(s) as Passed House","official_title":"To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To amend the Federal securities laws to enhance 403(b) plans, and for other purposes."},{"type":"Short Title(s) as Passed House","title":"Retirement Fairness for Charities and Educational Institutions Act of 2025"},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To amend the Federal securities laws to enhance 403(b) plans, and for other purposes."},{"type":"Display Title","title":"Retirement Fairness for Charities and Educational Institutions Act of 2025"},{"type":"Short Title(s) as Reported to House","title":"Retirement Fairness for Charities and Educational Institutions Act of 2025"},{"type":"Short Title(s) as Introduced","title":"Retirement Fairness for Charities and Educational Institutions Act of 2025"}],"outcome":"passed_house","law_number":null,"introduced":"2025-02-05","chambers":{"house":{"status":"roll_call","date":"2026-11-11","vote":{"id":"119-2026-h321","question":"On Passage","title":"Retirement Fairness for Charities and Educational Institutions Act","result":"Passed","yea":295,"nay":128,"present":0,"not_voting":10,"source":"https://clerk.house.gov/evs/2026/roll321.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Motion to reconsider laid on the table Agreed to without objection.","date":"2026-11-11"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2025-02-05","stage":"Introduced in House","blocks":[{"k":"h","t":"Retirement Fairness for Charities and Educational Institutions Act of 2025"},{"k":"p","t":"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."}],"words":56},"summary":{"main_subject":{"text":"Amends the Investment Company Act of 1940, the Securities Act of 1933 and the Securities Exchange Act of 1934 to add retirement plans that meet section 403(b) of the Internal Revenue Code to provisions of those laws.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}]},"core_areas":["Treatment of 403(b) retirement plans under federal securities laws"],"what_it_does":[{"text":"Rewrites Section 3(c)(11) of the Investment Company Act of 1940 to list five kinds of trusts, accounts and funds, including bank collective trust funds and insurance company separate accounts.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}},{"text":"Adds 403(b) plans to the bank collective trust fund item if the plan is subject to title I of ERISA, the employer agrees to act as a fiduciary for selecting the plan's investments, or the plan is a governmental plan.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}},{"text":"Requires, for governmental 403(b) plans under that item, that the employer, a plan fiduciary, or another person acting for the employer reviews and approves each investment alternative before it is offered to participants.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}},{"text":"Adds contributions to certain 403(b) plans to the sources from which a separate account's assets may be derived under Section 3(c)(11) of the Investment Company Act of 1940.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}},{"text":"Amends Section 3(a)(2) of the Securities Act of 1933 and Section 3(a)(12)(C) of the Securities Exchange Act of 1934 to add 403(b) plans meeting the same conditions, and limits the existing annuity-contract clause to plans not otherwise described.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}},{"text":"Amends Section 12(g)(2)(H) of the Securities Exchange Act of 1934 to add a plan described in section 3(a)(12)(C)(iv) of that Act to its list.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh#HF2EE1A86BF2D4E4A929E88606E0B71F9"}}],"unexpected":[],"version":{"type":"Reported in House","date":"2025-11-28","rule":"nearest","href":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text/rh"},"current":false,"model":"claude-sonnet-5-5","approved":"2026-11-12","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/1013","text":"https://www.congress.gov/bill/119th-congress/house-bill/1013/text"},"card":{"image":"card/item/119-hr-1013.png","v":"042818e89a63","alt":"Votes on Record. H.R. 1013, 119th Congress: Retirement Fairness for Charities and Educational Institutions Act of 2025. House: 295 Yea, 128 Nay. Senate: not yet considered. Outcome: Passed House, 11 Nov 2026."}}