Bill
Bill > HR3063
summary
Introduced
05/02/2023
05/02/2023
In Committee
05/24/2023
05/24/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.
AI Summary
This bill, the Retirement Fairness for Charities and Educational Institutions Act of 2023, aims to enhance 403(b) plans, which are tax-advantaged retirement savings plans available to employees of certain non-profit organizations, such as charities and educational institutions. The key provisions of the bill include amending the Investment Company Act of 1940 and the Securities Act of 1933 to expand the types of plans and investment options that can be included in 403(b) plans, as well as providing additional requirements and protections for employers and plan fiduciaries in the selection and approval of investments offered to plan participants.
Committee Categories
Business and Industry
Sponsors (17)
Frank Lucas (R)*,
Andy Barr (R),
Dwight Evans (D),
Mike Flood (R),
Bill Foster (D),
Josh Gottheimer (D),
Mike Lawler (R),
Dan Meuser (R),
Joe Morelle (D),
Wiley Nickel (D),
Zach Nunn (R),
Jimmy Panetta (D),
Chris Pappas (D),
Brittany Pettersen (D),
Terri Sewell (D),
G.T. Thompson (R),
David Trone (D),
Last Action
Placed on the Union Calendar, Calendar No. 251. (on 12/12/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/3063/all-info |
| BillText | https://www.congress.gov/118/bills/hr3063/BILLS-118hr3063rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr3063/BILLS-118hr3063ih.pdf |
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