Financial Freedom Act of 2025 has not moved since its introduction on Apr 1, 2025, with cosponsors, all Republicans
IntroducedApr 1, 2025
Reported—
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 74 words.
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.
Context
- Committees
- Senate Health, Education, Labor, and Pensions Committee
- Policy area
- Labor and Employment: 17 of 2,258 bills became law, 113th–118th (0.8%)
- Sponsor
- 1 of 70 bills enacted since 2013
- Text versions
- 1: introduced in senate · 307 words
- Latest action
- Apr 1, 2025: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 1
Each bill appears once, under its strongest link. 1 in all.
Identical or companion · 1
- 119th H.R. 2544 Financial Freedom Act of 2025 R · Introduced
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]