Financial Freedom Act of 2025
Official title: A bill to prohibit the Secretary of Labor from constraining the range or type of investments that may be offered to participants and beneficiaries of individua… Show full official titleShow less
Official title: A bill to prohibit the Secretary of Labor from constraining the range or type of investments that may be offered to participants and beneficiaries of individual retirement accounts who exercise control over the assets in such accounts.
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Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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 in Senate Formatted Text PDF Formatted XML
- AMERIPRISE FINANCIAL, INC.
- FRANKLIN TEMPLETON, INC. AND AFFILIATES (FORMERLY FRANKLIN RESOURCES, INC.)
- AMERICAN COUNCIL OF LIFE INSURERS
- DAVIS & HARMAN LLP
- DAVIS & HARMAN LLP
- CAPITOL COUNSEL LLC
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- White House Office
- Pension Benefit Guaranty Corporation (PBGC)
- Pension & Welfare Benefits Administration
- Treasury, Dept of
- Securities & Exchange Commission (SEC)
- Executive Office of the President (EOP)
Cite this page
U.S. Congress. (2026). S. 1222: Financial Freedom Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-1222/
"S. 1222: Financial Freedom Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1222/.
S. 1222, 119th Cong. (2026), https://openamerica.io/bill/119-S-1222/.
[S. 1222: Financial Freedom Act of 2025](https://openamerica.io/bill/119-S-1222/)