Financial Freedom Act of 2025
119-HR-2544119th CongressIntroduced Apr 1, 2025Labor and Employment
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Education and Workforce.
Sponsor
Rep. Donalds, Byron [R-FL-19](R-FL-19)Summary
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.
Subjects
Administrative law and regulatory proceduresDepartment of LaborEmployee benefits and pensionsFinancial services and investments
Actions (3)
Referred to the House Committee on Education and Workforce.
Apr 1, 2025House floor actions
Introduced in House
Apr 1, 2025Library of Congress
Introduced in House
Apr 1, 2025Library of Congress