119th Congress
H.R. 2544
Financial Freedom Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Byron Donalds(R-FL)
- Introduced
- Apr 1, 2025
- Policy area
- Labor and Employment
- Committees
- House Committee on Education and Workforce
- Official text
- Introduced in House · Congress.gov page
Cosponsors (0)
No cosponsors.
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Apr 1, 2025 · House
Referred to the House Committee on Education and Workforce. - Apr 1, 2025
Introduced in House