Bill > HR2544

This bill, known as the "Financial Freedom Act of 2025", aims to prevent the Secretary of Labor from restricting investment options in individual retirement accounts where participants have direct control over their assets. Specifically, the bill amends the Employee Retirement Income Security Act of 1974 to clarify that fiduciaries (people managing retirement plans) are not required to favor or disfavor specific types of investments, except based on their risk-return characteristics. The bill provides particular protection for self-directed brokerage windows, which are investment platforms that allow account holders to choose from a wide range of investment options. Under this legislation, the Secretary of Labor cannot create regulations that limit the types of investments available through these brokerage windows, and the fiduciary would not be considered in violation of prudence or diversification requirements by offering such a platform or allowing participants to make their own investment choices. The goal is to expand individual investors' freedom to manage their retirement accounts by removing potential bureaucratic constraints on investment selections.

Education

https://www.congress.gov/bill/119th-congress/house-bill/2544/all-info