118th Congress Labor and Employment
S. 427: Financial Freedom Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (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
- Mike Braun R-INOriginal
- Katie Britt R-ALOriginal
- Cynthia Lummis R-WYOriginal
- Rick Scott R-FLOriginal
- Ted Budd R-NC
- Ted Cruz R-TX
- Rand Paul R-KY
Who scored on this bill
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Other bills by Tommy Tuberville
History
- Introduced in the Senate by Tommy Tuberville.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.