The House of Representatives on Wednesday passed a bill on how some school, charity and church retirement plans may invest. The measure, H.R. 1013, passed 295 to 128 on a yea-and-nay vote.
The bill’s title is the Retirement Fairness for Charities and Educational Institutions Act of 2025. Rep. Frank D. Lucas, a Republican from Oklahoma’s 3rd District, is the sponsor. It has 24 cosponsors. It was introduced on Feb. 5, 2025.
| Party | Yea | Nay | Not voting |
|---|---|---|---|
| Republican | 211 | 0 | 7 |
| Democrat | 83 | 128 | 3 |
| Independent | 1 | 0 | 0 |
According to a Congressional Research Service summary of the bill as introduced, the legislation would let 403(b) plans put money into collective investment trusts and into separate accounts at insurance companies. The summary says those plans are built for some workers at public schools, at charities and at churches. It describes a collective investment trust as pooled assets that a bank or trust company holds together.
The House Clerk recorded the vote as roll call 321 in the second session of the 119th Congress. The question was on passage, and the recorded result was that the bill passed. The vote was taken on Nov. 11, 2026.
Party totals in that roll call show Republicans at 211 in favor and none opposed, with seven not voting. Democrats split, 83 in favor and 128 opposed, with three not voting. The one independent voted in favor. No member was recorded as present.
The same day, the House agreed without objection to set aside a motion to reconsider, the record of key actions says. On Nov. 10, 2026, the House passed H. Res. 1650, the rule for considering the bill.
The research summary in the record covers the text as introduced. It does not say how many plans or workers the change would cover.
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