Bill
Bill > S4917
summary
Introduced
07/31/2024
07/31/2024
In Committee
07/31/2024
07/31/2024
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 2024, amends the federal securities laws to enhance 403(b) plans. Specifically, it expands the exemption from investment company registration requirements to include certain 403(b) plans, such as those that are subject to the Employee Retirement Income Security Act (ERISA), where the employer agrees to serve as a fiduciary for the plan's investments, or governmental 403(b) plans. The bill also clarifies the exemptions from securities registration requirements for 403(b) plans that meet certain conditions, ensuring greater regulatory parity between 401(k) and 403(b) retirement plans.
Committee Categories
Housing and Urban Affairs
Sponsors (16)
Katie Boyd Britt (R)*,
Bob Casey (D),
Bill Cassidy (R),
Chris Coons (D),
Kevin Cramer (R),
Mike Crapo (R),
Steve Daines (R),
Bill Hagerty (R),
Maggie Hassan (D),
George Helmy (D),
Tim Kaine (D),
Gary Peters (D),
Jacky Rosen (D),
Mike Rounds (R),
Thom Tillis (R),
Raphael Warnock (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/31/2024)
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/senate-bill/4917/all-info |
| BillText | https://www.congress.gov/118/bills/s4917/BILLS-118s4917is.pdf |
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