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ARTICLE · 09 AUGUST 2024

This Week From The Hill (August 4 – 10, 2024)

Groom Law Group, Chartered
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Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill...

United StatesEmployment and HR
Michael Kreps
Michael Kreps
Diana McDonald
Diana McDonald
Ryan Temme
Ryan Temme
Kevin Walsh
Kevin Walsh
Brigen Winters
Brigen Winters
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Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing, or another hot-button matter.

Sen. Katie Britt (R-AL) introduced the Retirement Fairness for Charities and Educational Institutions Act (S. 4917) to allow 403(b) plans to invest in collective investment trusts ("CITs"). Sen. Britt was joined by Sens. Raphael Warnock (D-GA), Bill Cassidy (R-LA), and Gary Peters (D-MI) as original co-sponsors of the bill. A similar provision was included in H.R. 2799, which passed the House in March and has since been referred to the Senate.

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