Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Add at the end the following: DIVISION D--ENHANCEMENT OF 403(b) PLANS SEC. 4101. SHORT TITLE. This division may be cited as the ``Retirement Fairness for Charities and Educational Institutions Act of 2024''. SEC. 4102. ENHANCEMENT OF 403(B) PLANS. (a) Amendments to the Investment Company Act of 1940.-- Section 3(c)(11) of the Investment Company Act of 1940 (15 U.S.C. 80a-3(c)(11)) is amended to read as follows: ``(11) Any-- ``(A) employee's stock bonus, pension, or profit-sharing trust which meets the requirements for qualification under section 401 of the Internal Revenue Code of 1986; ``(B) custodial account meeting the requirements of section 403(b)(7) of such Code; ``(C) governmental plan described in section 3(a)(2)(C) of the Securities Act of 1933; ``(D) collective trust fund maintained by a bank consisting solely of assets of one or more-- ``(i) trusts described in subparagraph (A); ``(ii) government plans described in subparagraph (C); ``(iii) church plans, companies, or accounts that are excluded from the definition of an investment company under paragraph (14) of this subsection; or ``(iv) plans which meet the requirements of section 403(b) of the Internal Revenue Code of 1986-- ``(I) if-- ``(aa) such plan is subject to title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C.…”