S. 1222

119th Congress

In Committee

Financial Freedom Act of 2025

Sponsored byRepublican:Sen. Tuberville, Tommy [R-AL]AL· Introduced 1 April 2025
Open on Congress.gov

3

Cosponsors

2

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

1 April 2025·1 year ago

Summary

Introduced in Senate · Updated 26 June 2025

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.

Timeline

2 actions

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

    1 April 2025 · IntroReferral

  2. Introduced in Senate

    1 April 2025 · IntroReferral

Sponsorship

3 cosponsors

Sponsor

Republican:Sen. Tuberville, Tommy [R-AL]AL

Cosponsors

  • Republican3100%

Classification

Policy area

Labor and Employment

Legislative subjects

Administrative law and regulatory proceduresDepartment of LaborEmployee benefits and pensionsFinancial services and investments
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