Investment Freedom for Retirement Accounts
Official: Financial Freedom Act of 2025
This bill gives individuals more control over their retirement account investments by removing restrictions on what they can choose. It aims to enhance financial freedom for those managing their own retirement savings.
Financial Freedom Act of 2025This 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.
1. This bill allows people with individual retirement accounts to choose from more investment options. 2. It prevents the Secretary of Labor from limiting the types of investments available. 3. Fiduciaries must provide a wide range of investment choices for account holders. 4. The bill supports self-directed brokerage windows without restrictions on investment types. 5. It ensures that investment choices are based on risk and return, not arbitrary rules.
Individuals with individual retirement accounts who want more investment options.