S. 1222 · 119th Congress

Financial Freedom Act of 2025

In committee

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Bill details

Introduced: 4/1/2025

Current status: In committee

Introduced by: Tommy Tuberville (R · AL)

Bill ID: 119s1222

Latest official action: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Bill overview

A neutral overview based on official congressional sources.

Introduced in Senate

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.

Source: BILLSUM · Summary date: 4/1/2025

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Last updated: 4/1/2025Source: BILLSUMBill: 119s1222Learn more →