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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.
Introduced
Apr 1, 2025
Last Action
Apr 1, 2025
Session
119th Congress
Sponsors
1 primary · 3 co
Passage Probability
2% — Very Low
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
2%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProRead twice and referred to the Committee on Health, Education, Labor, and Pensions.