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HR 1013 Advanced toward a vote

Exempts certain 403(b) retirement plans for charities and educational institutions from parts of the federal securities laws by amending the Investment Company Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934.

Official title: Retirement Fairness for Charities and Educational Institutions Act of 2025

Next stop House floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced 05-FEB-2025
Referred 05-FEB-2025
Approved by committee 20-MAY-2025
Reported 28-NOV-2025
On the calendar 28-NOV-2025
Key points
  • Amends the Investment Company Act of 1940 to rewrite the list of plans excluded from the definition of an investment company, adding certain 403(b) plans that are subject to ERISA, have an employer fiduciary, or are governmental plans.
  • Amends the Securities Act of 1933 to exempt qualifying 403(b) plans from registration requirements, with conditions tied to ERISA coverage, employer fiduciary agreements, or governmental status.
  • Amends the Securities Exchange Act of 1934 to add qualifying 403(b) plans to the list of exempt plans and conforms a related provision on shareholder record thresholds.
  • Sets the short title as the Retirement Fairness for Charities and Educational Institutions Act of 2025.
AI-generated from the Reported in House text of 28-NOV-2025 · verify · report an error
Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (05-FEB-2025); the text has changed since (Reported in House, 28-NOV-2025).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov
Committee referrals (1) Policy area

Finance and Financial Sector

Sponsor Frank D. Lucas (R-OK) Cosponsors · 24
■ 19 D■ 5 R
19 Democrats
5 Republicans
congress.gov page Reported in House (28-NOV-2025) Introduced in House (05-FEB-2025)