Financial Freedom Act of 2025

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Introduced 2025-04-01Topic: labor

Summary

Summary by the Congressional Research Service

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.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2025-04-01	House	Referred to the House Committee on Education and Workforce.	refer
2025-04-01		Introduced in House	introduce
2025-04-01		Introduced in House	introduce

Summary

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Action history