NAIFA CEO Kevin Mayeux, CAE, issued the following statement on the bipartisan INVEST Act:

NAIFA proudly stands behind the INVEST Act and is urging every member of the House to push this game-changing legislation forward! This powerful package bundles more than 20 bipartisan bills designed to strengthen the financial future of millions of Americans.

At the heart of our excitement is the inclusion of the Retirement Fairness for Charities and Educational Institutions Act of 2025—a true equalizer that finally brings 403(b) plans in line with 401(k) and 457 plans. For the first time, teachers, nonprofit workers, and state employees will gain access to the same high-quality investment options their peers already enjoy: collective investment trusts (CITs) and insurance separate account products. NAIFA members are eager to deliver these proven, client-favorite solutions to the dedicated public servants and mission-driven workers who’ve been left out for far too long. NAIFA’s message to House members to advance the bill next week. Let’s get the INVEST Act across the finish line—America’s educators, charities, and state employees are counting on it!