Retirement Fairness for Charities and Educational Institutions Act of 2025

This bill updates securities laws to expand exemptions for retirement plans used by charities and educational institutions. It specifically modifies definitions in the Investment Company Act, Securities Act, and Securities Exchange Act to include 403(b) plans meeting certain conditions - such as being subject to ERISA, having employer fiduciary oversight, or being governmental plans. These changes reduce regulatory hurdles for organizations offering these plans, making it easier to administer retirement benefits for their employees. The bill directly affects charities, schools, and other non-profits that sponsor 403(b) retirement plans.