Financial Freedom Act of 2025
The summary
What this bill does
Financial Freedom Act of 2025
This bill prohibits the Department of Labor from limiting the type or range of investments that fiduciaries may offer participants and beneficiaries in certain employer-sponsored retirement plans. The bill applies to certain defined contribution plans that permit participants or beneficiaries to exercise control over the assets in the account, such as a 401(k) plan that allows participants or beneficiaries to select additional investment options through a self-directed brokerage window.
Legislative timeline
From introduction
Apr 1, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - AL · R-AL
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | S |
| Bill Number | 1222 |
| Origin Chamber | Senate |
| Current Status | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. |
| Policy Area | Labor and Employment |
| Primary Committee | Not assigned |
| Introduced | April 1, 2025 |
| Latest Action | April 1, 2025 |
| Cosponsors | 3 · House vote — · 1 views |