S. 1222: Financial Freedom Act of 2025
Latest action, April 1, 2025: Introduced in Senate
Official summary
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.