The bill changes federal securities laws for certain 403(b) retirement plans. It allows qualifying plans to use certain bank collective trust funds and updates how these plans are treated under securities laws. Some plans must meet conditions, including employer fiduciary duties or review and approval of investment choices for certain government plans.
If you participate in a 403(b) plan, the changes may affect which investment options your plan can offer. The bill does not guarantee any particular investment option.
The bill text does not state costs or provide funding estimates.
No publicly available information.
No publicly available information.