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The House passed HR1013, which expands investment options for 403(b) retirement plans to include collective investment trusts and insurance company separate accounts. The bill now moves to the Senate, where a companion bill (S424) awaits. This regulatory change benefits insurance companies that offer separate account products, such as MetLife, Prudential, and Principal Financial.
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The bill removes a regulatory barrier for 403(b) plans, potentially increasing demand for insurance company separate accounts. Companies like MetLife ($MET), Prudential ($PRU), and Principal Financial ($PFG) are well-positioned to capture this new business. The bipartisan support and Senate companion suggest a reasonable chance of enactment, making these tickers ones to watch for investors focused on retirement and insurance sectors.
On November 10, 2026, the House passed HR1013 (Retirement Fairness for Charities and Educational Institutions Act of 2025) under a rule (H.Res. 1650). The bill amends the Investment Company Act of 1940 to explicitly allow 403(b) retirement plan assets to be invested in collective investment trusts maintained by banks and in insurance company separate accounts. This is a regulatory expansion, not an appropriation; it does not authorize any direct federal spending. The bill has bipartisan support with 24 cosponsors and a Senate companion (S424), increasing the likelihood of enactment. The primary beneficiaries are insurance companies with significant separate account and variable annuity businesses, as the bill opens a new channel for 403(b) plan assets to flow into these products. MetLife ($MET), Prudential ($PRU), and Principal Financial ($PFG) are well-positioned to capture this expanded market. The bill is currently awaiting Senate action; if passed, it would be signed into law by The President.
Matched on shared policy language across AI analyses, with ticker & timing weight
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To restrict the eligibility of mortgagors to citizens of the United States with respect to mortgage insurance provided by the Federal Housing Administration and the purchase and securitization of mortgages by Fannie Mae and Freddie Mac.
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Executive orders & memoranda affecting the same sectors or companies
This executive order directs the Federal Housing Finance Agency to create pilot programs for automatic cancellation of mortgage insurance when borrowers have sufficient equity, and to expand a title insurance pilot to reduce costs for refinancing. It establishes a task force to promote manufactured housing by standardizing permits and reducing regulatory barriers. It also orders the Departments of Agriculture and Veterans Affairs to reduce interest rates on direct home loans.
This memorandum establishes a committee to investigate Federal Reserve Governor Lisa Cook for alleged false statements related to mortgage instruments, with a hearing scheduled and a recommendation on removal. It directs the Attorney General, Counsel to the President, and others to participate, and sets a timeline for findings.
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