HR 2544
119th Congress
House
Labor and Employment
Administrative law and regulatory procedures
Department of Labor
Employee benefits and pensions
Financial services and investments
Financial Freedom Act of 2025
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 1, 2025
Referred to the House Committee on Education and Workforce.
Apr 1, 2025
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Education and Workforce.
Committees of jurisdiction
1