The U.S. House Financial Services Committee highlighted industry backing for a bill that passed the House 295-128 and would broaden investment choices for 403(b) retirement savers. The legislation would give teachers, nurses and nonprofit workers access to options available in 401(k) plans. Supporters urged Senate passage.
Policy & regulationRules & requirementsConsumer and investor protectionFinancial inclusion
The U.S. House Financial Services Committee highlighted industry support for legislation to widen investment options for participants in 403(b) retirement plans, following its passage in the House of Representatives by a bipartisan vote of 295-128. The Retirement Fairness for Charities and Educational Institutions Act would give teachers, nurses and nonprofit employees access to investment choices already available to participants in 401(k) plans.
Insured Retirement Institute President and CEO Wayne Chopus said the measure would extend access to low cost investment options to more than 10 million workers. Several industry associations urged the Senate to pass the legislation.
The U.S. House Financial Services Committee reported House passage of the Retirement Fairness for Charities and Educational Institutions Act by 295-128. The bill would allow 403(b) retirement plans to invest in collective investment trusts and insurance company separate accounts, extending access to options already available through 401(k) plans.
2025-12-12 U.S. Financial Services Committee United States
The U.S. House Financial Services Committee reported stakeholder endorsements for the bipartisan INVEST Act, passed by the House on 11 December 2025. Key measures include updates to the accredited investor framework, reduced regulatory friction for small companies, and retirement-related provisions aligning 403(b) plans with 401(k) plans…