Financial Freedom Act of 2025

# Financial Freedom Act of 2025 - Plain Language Summary **What the Bill Would Do** This bill would prevent the Department of Labor from restricting what types of investments people can choose within their 401(k) and similar self-directed retirement accounts. Currently, the Labor Department has some authority to limit investment options available to workers. If passed, this bill would remove those restrictions, allowing workers with self-directed brokerage accounts to invest in a wider range of financial products without government limitations. **Who It Affects and Key Provisions** The bill primarily affects workers who have access to self-directed retirement plans (like 401(k)s with brokerage windows) through their employers.

It would also impact employers offering these plans and investment companies. The main provision eliminates the Department of Labor's ability to control or limit the investment choices available to plan participants, giving workers more freedom to pick investments but potentially less oversight to protect them from risky or unsuitable choices. **Current Status** The bill was introduced by Representative Byron Donalds (R-FL) and is currently in committee, meaning it has not yet been voted on by the full House of Representatives. No action has been taken on it at this stage.