Financial Freedom Act of 2023

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

2. 24 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 February 2023

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 February 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 February 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 February 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 February 2023

  Open at official source

Sponsors

• Byron Donalds · R · Sponsor
• Warren Davidson · R · Sponsor
• Rep. Cloud, Michael [R-TX-27] · R · Sponsor
• David Schweikert · R · Sponsor
• Tom Emmer · R · Sponsor
• Young Kim · R · Sponsor
• · hsed00 · Standing

Related records

• related to → Financial Freedom Act of 2023
• related to ← Financial Freedom Act of 2022