Here’s what to watch for on the House Floor this week:
Expanding Retirement Options for Teachers and Nonprofit Workers
Teachers, nurses, firefighters, and nonprofit employees work hard to serve their communities and deserve the same opportunities to prepare for retirement that other American workers enjoy. Current securities laws restrict workers with 403(b) retirement plans from accessing certain lower-cost investment options available to those with 401(k) plans.
These restrictions can limit investment choices and make it harder for workers to maximize their retirement savings. Expanding these options will ensure that Americans who dedicate their careers to serving others will have greater opportunities to build a secure financial future.
This week, House Republicans are bringing forward legislation to expand investment options, promote greater consistency among retirement plans, and help hardworking Americans prepare for retirement.
Rep. Frank Lucas’s bill, H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Act of 2025, allows workers with 403(b) plans to access additional investment options available through other retirement plans, including 401(k)s.
House Republicans are committed to giving hardworking Americans more flexibility and control over their retirement savings.