119th Congress
S. 1222
Financial Freedom Act of 2025
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Tommy Tuberville(R-AL)
- Introduced
- Apr 1, 2025
- Policy area
- Labor and Employment
- Committees
- Senate Committee on Health, Education, Labor, and Pensions
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (3)
Original cosponsors (3)
- Cynthia M. Lummis (R-WY)
- James C. Justice (R-WV)
- Rick Scott (R-FL)
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” 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 · Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. - Apr 1, 2025
Introduced in Senate