118th Congress Labor and Employment
H.R. 1177: Financial Freedom Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Michael Cloud R-TXOriginal
- Warren Davidson R-OHOriginal
- Tom Emmer R-MNOriginal
- Young Kim R-CAOriginal
- David Schweikert R-AZOriginal
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Other bills by Byron Donalds
History
- Introduced in the House by Byron Donalds.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Education and the Workforce.