H.R. 1013 · 119th Congress

Retirement Fairness for Charities and Educational Institutions Act of 2025

Introduced on Feb 5, 2025 by Frank D. Lucas (R-OK-3). 24 cosponsors, 19 of them from another party. Latest action (Nov 28, 2025): Placed on the Union Calendar, Calendar No. 340.

Stage
Reported by committee
Introduced
Feb 5, 2025
Cosponsors
24
19 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. 3Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.

Subjects

  • Employee benefits and pensions
  • Financial services and investments
  • Government employee pay, benefits, personnel management
  • Religion
  • Social work, volunteer service, charitable organizations

Summary

By the Congressional Research Service (Introduced in House, Feb 5, 2025). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Frank D. LucasR-OK-3Sponsor

Democrats · 19

Republicans · 5

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Feb 5, 2025Introduced in House
  2. Feb 5, 2025Introduced in House
  3. Feb 5, 2025 · HouseReferred to the House Committee on Financial Services.
  4. May 20, 2025 · HouseCommittee Consideration and Mark-up Session Held
  5. May 20, 2025 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 43 - 8.
  6. Nov 28, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
  7. Nov 28, 2025 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-390.
  8. Nov 28, 2025 · HousePlaced on the Union Calendar, Calendar No. 340.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. PRUDENTIAL FINANCIAL, INC.12 reports
    $2.9M reported (all issues)
  2. THE VANGUARD GROUP12 reports
    $3.6M reported (all issues)
  3. INSURED RETIREMENT INSTITUTE11 reports
    $1.1M reported (all issues)
  4. LINCOLN NATIONAL CORPORATION11 reports
    $1.5M reported (all issues)
  5. NORTHERN TRUST CORPORATION10 reports
    $420K reported (all issues)
  6. AMERICAN BENEFITS COUNCIL9 reports
    $941.2K reported (all issues)
  7. AMERICAN COUNCIL OF LIFE INSURERS6 reports
    $9.5M reported (all issues)
  8. AMERIPRISE FINANCIAL INC.6 reports
    $2.2M reported (all issues)
  9. American Bankers Association6 reports
    $14.2M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  10. American Retirement Association6 reports
    $360K reported (all issues)
  11. CMFG LIFE INSURANCE COMPANY6 reports
    $740K reported (all issues)
  12. COMMITTEE OF ANNUITY INSURERS6 reports
    $10K reported (all issues)
  13. EMPOWER RETIREMENT LLC6 reports
    $80K reported (all issues)
  14. FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON)6 reports
    $1.7M reported (all issues)
  15. INVESTMENT COMPANY INSTITUTE6 reports
    $4.9M reported (all issues)
  16. LPL FINANCIAL LLC6 reports
    $3.2M reported (all issues)
  17. MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY6 reports
  18. MissionSquare Retirement6 reports
    $730K reported (all issues)
  19. Nationwide Insurance6 reports
    $30K reported (all issues)
  20. PACIFIC LIFE INSURANCE COMPANY6 reports
    $2.4M reported (all issues)
  21. Principal Financial Group6 reports
    $3.7M reported (all issues)
  22. SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION6 reports
    $12.9M reported (all issues)
  23. TIAA6 reports
    $2.8M reported (all issues)
  24. The SPARK Institute6 reports
    $20K reported (all issues)
  25. Transamerica Life Insurance Company6 reports
    $10K reported (all issues)
  26. American Association for Justice5 reports
    $7.8M reported (all issues)
  27. Chamber of Commerce of the U.S.A.5 reports
    $87.7M reported (all issues)
  28. National Council on Teacher Retirement, 9370 Studio Court, Elk Grove CA 957585 reports
    $295K reported (all issues)
  29. STATE STREET BANK AND TRUST COMPANY5 reports
    Federal contractor: STATE STREET BANK AND TRUST COMPANYAI match · 100%
  30. T. ROWE PRICE GROUP, INC.5 reports
    $262K reported (all issues)
  31. THE AMERICAN SOCIETY OF PENSION PROFESSIONALS AND ACTUARIES5 reports
    $2M reported (all issues)
  32. THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA5 reports
    $2.7M reported (all issues)
  33. TRANSAMERICA5 reports
    $970K reported (all issues)
  34. WILLIS NORTH AMERICA INC.5 reports
    $370K reported (all issues)
  35. CHURCH ALLIANCE4 reports
    $490K reported (all issues)
  36. Investment Company Institute (ICI)3 reports
    $60K reported (all issues)
  37. SYMETRA LIFE INSURANCE COMPANY3 reports
    $10K reported (all issues)
  38. American Heart Association1 report
    $230K reported (all issues)Federal contractor: AMERICAN HEART ASSOCIATION, INC.$333.7K in contracts, FY2026AI match · 100%
  39. Americans for Financial Reform1 report
    $150K reported (all issues)
  40. METLIFE INC.1 report
    $10K reported (all issues)Federal contractor: METLIFE LIFE INSURANCE COMPANY$3.5M in contracts, FY2026AI match · 100%

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 9, 2026 · loaded Oct 9, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 9, 2026 · loaded Oct 9, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.