Financial Freedom Act of 2025

This bill amends pension plan rules to give participants more control over their individual retirement accounts. It requires fiduciaries (like plan managers) to offer a broad range of investment choices, including self-directed brokerage windows, without being restricted by certain ERISA rules. Participants in plans with individual accounts can then choose specific investments themselves, without fiduciaries needing to favor or disfavor types of investments beyond their risk-return profile. The law explicitly protects fiduciaries from violating diversification or prudence rules when offering these self-directed options.