An amendment numbered 3 printed in Part B of House Report 118-407 to amend Federal securities laws to allow 403(b) plans to invest in collective investment trusts (CITs) and insurance contracts that currently may be invested in by comparable retirement plans, such as 401(k)s.

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Amendment Number
853
Description
An amendment numbered 3 printed in Part B of House Report 118-407 to amend Federal securities laws to allow 403(b) plans to invest in collective investment trusts (CITs) and insurance contracts that currently may be invested in by comparable retirement plans, such as 401(k)s.
Purpose
Amendment modifies Federal securities laws to allow 403(b) plans to invest in collective investment trusts (CITs) and insurance contracts that currently may be invested in by comparable retirement plans, such as 401(k)s.
Congress
118
Type
HAMDT
Latest Action Date
Mar 7, 2024
Latest Action Text
On agreeing to the Lucas amendment (A003) Agreed to by recorded vote: 301 - 125 (Roll no. 70).
Latest Action Time
14:29:44
Submitted Date
Mar 6, 2024
Chamber
House of Representatives
Update Date
May 13, 2025
Amendment 853 — Informed