# 119-hr-1013: Retirement Fairness for Charities and Educational Institutions Act of 2025

119-hr-1013, Retirement Fairness for Charities and Educational Institutions Act of 2025, is a 119th Congress bill sponsored by Rep. Lucas, Frank D. [R-OK-3] (R-OK); status in_committee; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-1013
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1013
- Congress: 119
- Title: Retirement Fairness for Charities and Educational Institutions Act of 2025
- Status: in_committee
- Introduced: 2025-02-05
- Sponsor: Rep. Lucas, Frank D. [R-OK-3] (R-OK)
- Cosponsors: 24
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**This bill would _expand the range of pooled investment vehicles_ that 403(b) retirement plans for charities and educational institutions can use.** It would do that by changing core securities laws so certain trusts, custodial accounts, governmental plans, bank collective trust funds, and separate accounts qualify as 403(b) investment options under defined conditions and fiduciary checks. - Workers and plan participants: Would likely see a wider variety of pooled investment choices inside 403(b) plans, which could increase available options for retirement saving. - Employers and plan sponsors (charities and schools): Could offer new pooled vehicles but must meet ERISA or governmental-plan criteria and perform ongoing employer fiduciary review and approval before offering investment alternatives. - Banks and asset managers: Would gain clearer authority to operate collective trust funds and separate accounts that serve 403(b) plans when those funds meet the bill's asset restrictions and eligibility rules.

## Cosponsors (24)

- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-02-05T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2025-02-05T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2025-02-05T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-02-21T00:00:00.000Z
- Rep. Pettersen, Brittany [D-CO-7] (D-CO), 2025-03-03T00:00:00.000Z
- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-03-03T00:00:00.000Z
- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2025-03-04T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-03-10T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-03-24T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2025-04-07T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-04-24T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2025-05-15T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-05-21T00:00:00.000Z
- Rep. Harder, Josh [D-CA-9] (D-CA), 2025-05-29T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2025-06-03T00:00:00.000Z
- Rep. Norcross, Donald [D-NJ-1] (D-NJ), 2025-06-26T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2025-07-16T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-07-22T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2025-08-15T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2025-09-15T00:00:00.000Z
- Rep. McBride, Sarah [D-DE-At Large] (D-DE), 2025-09-30T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2025-09-30T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-10-24T00:00:00.000Z
- Rep. Courtney, Joe [D-CT-2] (D-CT), 2025-11-19T00:00:00.000Z

## Provisions PRIA read

- New investment options for 403(b) workers: mixed, low. If enacted, this bill would let some 403(b) plans use more pooled investments without SEC registration. Plans would need to meet 403(b) rules and either be under ERISA, have the employer serve as the investment fiduciary, or be a government plan. Each investment option would need review and approva…

## Related bills

- 119-hr-2102: Major Richard Star Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act

## Sources
- [119-hr-1013 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1013)

## Related
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1993)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1013 (as of 2026-07-19).