Financial Freedom Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 5, 2022)
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.
What just happenedMay 5, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Introduced in SenateMay 5, 2022
- May 5, 2022IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - May 5, 2022IntroReferral10000
Introduced in Senate