HR 2544

Financial Freedom Act of 2025

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.

Bill status

Status: In committee
Sponsor: Rep. Byron Donalds [R-FL-19]
Cosponsors: 0
Policy area: Labor and Employment
Introduced: 2025-04-01
Latest action: 2025-04-01: Referred to the House Committee on Education and Workforce.

Committee referrals

Education and Workforce Committee: House · Referred To · 2025-04-01

Recent actions

2025-04-01: Referred to the House Committee on Education and Workforce.
2025-04-01: Introduced in House
2025-04-01: Introduced in House