Financial Freedom Act of 2022
Summary
Financial Freedom Act of 2022 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
in committee
1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 5, 2022
Last action May 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 5, 2022
Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
upper
May 5, 2022
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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