Legis Daily

Financial Freedom Act of 2023

USA118th CongressHR-1177| House 
| Updated: 2/24/2023
Byron Donalds

Byron Donalds

Republican Representative

Florida

Cosponsors (5)
David Schweikert (Republican)Warren Davidson (Republican)Young Kim (Republican)Michael Cloud (Republican)Tom Emmer (Republican)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Financial Freedom Act of 2023 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-7860
Financial Freedom Act of 2022
Feb 15, 2023

Latest Companion Bill Action

S 118-427
Introduced in Senate
Feb 24, 2023
Introduced in House
Feb 24, 2023
Referred to the House Committee on Education and the Workforce.
  • Bill from Previous Congress

    HR 117-7860
    Financial Freedom Act of 2022


  • February 15, 2023

    Latest Companion Bill Action

    S 118-427
    Introduced in Senate


  • February 24, 2023
    Introduced in House


  • February 24, 2023
    Referred to the House Committee on Education and the Workforce.

Labor and Employment

Related Bills

  • S 118-427: Financial Freedom Act of 2023

Financial Freedom Act of 2023

USA118th CongressHR-1177| House 
| Updated: 2/24/2023
Financial Freedom Act of 2023 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-7860
Financial Freedom Act of 2022
Feb 15, 2023

Latest Companion Bill Action

S 118-427
Introduced in Senate
Feb 24, 2023
Introduced in House
Feb 24, 2023
Referred to the House Committee on Education and the Workforce.
  • Bill from Previous Congress

    HR 117-7860
    Financial Freedom Act of 2022


  • February 15, 2023

    Latest Companion Bill Action

    S 118-427
    Introduced in Senate


  • February 24, 2023
    Introduced in House


  • February 24, 2023
    Referred to the House Committee on Education and the Workforce.
Byron Donalds

Byron Donalds

Republican Representative

Florida

Cosponsors (5)
David Schweikert (Republican)Warren Davidson (Republican)Young Kim (Republican)Michael Cloud (Republican)Tom Emmer (Republican)

Education and Workforce Committee

Labor and Employment

Related Bills

  • S 118-427: Financial Freedom Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted