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117-hr-7860117th Congress

Financial Freedom Act of 2022

Sponsored By: Representative Donalds, Byron [R-FL-19]

Unknown

Summary

Financial Freedom Act of 2022 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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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Donalds, Byron [R-FL-19]

FL • R

Cosponsors

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 5/20/2022

  • Rep. Schweikert, David [R-AZ-1]

    AZ • R

    Sponsored 5/20/2022

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 5/20/2022

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 5/20/2022

  • Rep. Cloud, Michael [R-TX-27]

    TX • R

    Sponsored 5/27/2022

Roll Call Votes

No roll call votes available for this bill.

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