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S. 1222 119th Congress Senate

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.

Introduced: April 1, 2025 Introduced by: Tommy Tuberville Republican · Alabama See on congress.gov
Labor and Employment Administrative law and regulatory proceduresDepartment of LaborEmployee benefits and pensionsFinancial services and investments
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 1, 2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Apr 1, 2025
Introduced in Senate
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What's happening now April 1, 2025

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 48

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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Cite this page click to expand
APA
U.S. Congress. (2026). S. 1222: Financial Freedom Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-1222/
MLA
"S. 1222: Financial Freedom Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1222/.
Bluebook (legal)
S. 1222, 119th Cong. (2026), https://openamerica.io/bill/119-S-1222/.
Markdown link
[S. 1222: Financial Freedom Act of 2025](https://openamerica.io/bill/119-S-1222/)
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