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Financial Freedom Act of 2023

USA118th CongressS-427| Senate 
| Updated: 2/15/2023
Tommy Tuberville

Tommy Tuberville

Republican Senator

Alabama

Cosponsors (7)
Rick Scott (Republican)Mike Braun (Republican)Katie Boyd Britt (Republican)Cynthia M. Lummis (Republican)Rand Paul (Republican)Ted Cruz (Republican)Ted Budd (Republican)

Health, Education, Labor, and Pensions 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.
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Timeline

Bill from Previous Congress

S 117-4147
Financial Freedom Act of 2022
Feb 15, 2023
Introduced in Senate
Feb 15, 2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Feb 24, 2023

Latest Companion Bill Action

HR 118-1177
Introduced in House
  • Bill from Previous Congress

    S 117-4147
    Financial Freedom Act of 2022


  • February 15, 2023
    Introduced in Senate


  • February 15, 2023
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.


  • February 24, 2023

    Latest Companion Bill Action

    HR 118-1177
    Introduced in House

Labor and Employment

Related Bills

  • HR 118-1177: Financial Freedom Act of 2023

Financial Freedom Act of 2023

USA118th CongressS-427| Senate 
| Updated: 2/15/2023
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

S 117-4147
Financial Freedom Act of 2022
Feb 15, 2023
Introduced in Senate
Feb 15, 2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Feb 24, 2023

Latest Companion Bill Action

HR 118-1177
Introduced in House
  • Bill from Previous Congress

    S 117-4147
    Financial Freedom Act of 2022


  • February 15, 2023
    Introduced in Senate


  • February 15, 2023
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.


  • February 24, 2023

    Latest Companion Bill Action

    HR 118-1177
    Introduced in House
Tommy Tuberville

Tommy Tuberville

Republican Senator

Alabama

Cosponsors (7)
Rick Scott (Republican)Mike Braun (Republican)Katie Boyd Britt (Republican)Cynthia M. Lummis (Republican)Rand Paul (Republican)Ted Cruz (Republican)Ted Budd (Republican)

Health, Education, Labor, and Pensions Committee

Labor and Employment

Related Bills

  • HR 118-1177: Financial Freedom Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted