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S 1222 119th Congress Senate Labor and Employment Administrative law and regulatory procedures Department of Labor Employee benefits and pensions Financial services and investments

Financial Freedom Act of 2025

Introduced: April 1, 2025 Introduced by: Tuberville, Tommy Republican · Alabama See on congress.gov
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 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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 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.

What's happening now April 1, 2025

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

 Related & companion bills 1
  • HR 2544 Identical bill Financial Freedom Act of 2025
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 37

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

See all 37 filings →
 Cosponsors 3
All 3 Republican 3
R
Justice, James C.
West Virginia · Apr 1, 2025
 R
Lummis, Cynthia M.
Wyoming · Apr 1, 2025
 R
Scott, Rick
Florida · Apr 1, 2025
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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