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Public Service Retirement Fairness Act of 2020
4/29/2022, 4:30 PM
Congressional Summary of HR 6257
Public Service Retirement Fairness Act of 2020
This bill expands the ability of 403(b) retirement plans (i.e., retirement plans designed for certain employees of public schools, nonprofits, and churches) to invest in collective investment trusts, which are groups of pooled investment assets held by a bank or trust company.
Read the Full Bill
Current Status of Bill HR 6257
Bill HR 6257 is currently in the status of Bill Introduced since March 12, 2020. Bill HR 6257 was introduced during Congress 116 and was introduced to the House on March 12, 2020. Bill HR 6257's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 12, 2020
Bipartisan Support of Bill HR 6257
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
11Democrat Cosponsors
6Republican Cosponsors
5Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6257
Primary Policy Focus
Labor and EmploymentPotential Impact Areas
- Employee benefits and pensions
- Financial services and investments
- Government employee pay, benefits, personnel management
- Religion
- Social work, volunteer service, charitable organizations
Alternate Title(s) of Bill HR 6257
Public Service Retirement Fairness Act of 2020
To modify rules relating to 403(b) plans.
Public Service Retirement Fairness Act of 2020
Comments
Sponsors and Cosponsors of HR 6257
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