# 117-hr-7860: Financial Freedom Act of 2022

117-hr-7860, Financial Freedom Act of 2022, is a 117th Congress bill sponsored by Rep. Donalds, Byron [R-FL-19] (R-FL); status Referred to the House Committee on Education and Labor. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7860
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7860
- Congress: 117
- Title: Financial Freedom Act of 2022
- Status: Referred to the House Committee on Education and Labor.
- Introduced: 2022-05-20
- Sponsor: Rep. Donalds, Byron [R-FL-19] (R-FL)
- Cosponsors: 5
- Policy area: Labor and Employment
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (5)

- Rep. Davidson, Warren [R-OH-8] (R-OH), 2022-05-20T00:00:00.000Z
- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2022-05-20T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2022-05-20T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2022-05-20T00:00:00.000Z
- Rep. Cloud, Michael [R-TX-27] (R-TX), 2022-05-27T00:00:00.000Z

## Related bills

- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…
- 117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyville, Texas, on January 15, 2022.
- 117-hjres-65: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "COVID-19…
- 117-hr-5586: Prohibiting IRS Financial Surveillance Act
- 117-hres-548: Denouncing the horrors of socialism.

## Sources
- [117-hr-7860 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7860)

## Related
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyvi…](https://policyrisk.com/legislation/117-hres-881)
- [117-hjres-65: Providing for congressional disapproval under chapter 8 of title 5, United Stat…](https://policyrisk.com/legislation/117-hjres-65)
- [117-hr-5586: Prohibiting IRS Financial Surveillance Act](https://policyrisk.com/legislation/117-hr-5586)
- [117-hres-548: Denouncing the horrors of socialism.](https://policyrisk.com/legislation/117-hres-548)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7860 (as of 2025-11-18).