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Key Congressional Committee Approves Bill Allowing CITs in 403(b)s
American Retirement Association [ARA] Link to more items from this source
May 25, 2023

"[T]he House Financial Services Committee approved an amended version of the Retirement Fairness for Charities and Educational Institutions Act (HR 3063) ... The bill ... would amend the Exchange Act to allow 403(b) retirement plans to invest in unregistered insurance contracts and CITs that currently may be invested in by comparable retirement plans, such as 401(k) plans."

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