House Committee Advances Bill to Expand Low-Cost Investment Options for School and Nonprofit Retirement Plans
This bill is waiting for a vote by the full House of Representatives after being approved by a committee. It has been stalled since April 2025 because no new actions have taken place for seven months. House leadership must decide to schedule a floor vote for the bill to move forward.
No action since November 2025
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 3063 (118th), which died when its Congress ended.
H.R. 3063 (118th) →How this policy affects specific groups of people
Placed on the Union Calendar, Calendar No. 340.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
Ordered to be Reported (Amended) by the Yeas and Nays: 43 - 8.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
The House passed a bill bundling over 20 measures, including a provision to allow 403(b) plans to invest in collective investment trusts (CITs). The move aims to create parity between 401(k) and 403(b) plans, potentially lowering fees for educators and nonprofit employees.
Legislation modifying securities laws to extend 403(b) plans the same exemptions used by 401(k)s and the federal Thrift Savings Plan has advanced through the House Financial Services Committee. The bill aims to provide public servants with the same low-cost investment options as private workers.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Retirement Fairness for Charities and Educational Institutions Act of 2025
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