# 119-hr-2544: Financial Freedom Act of 2025

119-hr-2544, Financial Freedom Act of 2025, is a 119th Congress bill sponsored by Rep. Donalds, Byron [R-FL-19] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2544
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2544
- Congress: 119
- Title: Financial Freedom Act of 2025
- Status: introduced
- Introduced: 2025-04-01
- Sponsor: Rep. Donalds, Byron [R-FL-19] (R-FL)
- Cosponsors: 0
- Policy area: Labor and Employment
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Clarifies fiduciary flexibility for participant-directed retirement accounts.** It would make clear that plan fiduciaries may offer a broad range of investment choices and provide self-directed brokerage windows while keeping prudence and diversification duties in place. - Participants and beneficiaries would be given an explicit opportunity to choose how some or all account assets are invested, including through self-directed brokerage windows. A participant's control over assets in such a window would not by itself create a diversification or prudence violation for the fiduciary. - Fiduciaries and plan sponsors would be allowed to select or offer any type of investment alternative so long as they provide a broad range of choices and consider investments by their risk and return to meet the goal of suitable options for participants. - The Secretary of Labor would be barred from issuing regulations or subregulatory guidance that constrain or prohibit the range or type of investments offered through self-directed brokerage windows, and subsection (c) would apply to those windows.

## Provisions PRIA read

- Broader investment choices in 401(k)s: mixed, low. If enacted, 401(k)-style plans that let you pick your own investments could keep offering a wide menu of choices. Plan managers would not have to favor or avoid any investment type, except based on risk and return when offering options. Choosing or using a self-directed brokerage window would not,…

## Related bills

- 119-hr-6955: Main Street Capital Access Act
- 119-hr-9200: Secure the Border Act of 2026
- 119-hr-9199: Permanent Trump Secure Border Act
- 119-hr-624: RIFLE Act of 2025
- 119-hr-1915: Stop the Cartels Act
- 119-hr-8206: Homeland Security and Further Additional Continuing Appropriations Act, 2026

## Sources
- [119-hr-2544 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2544)

## Related
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-9200: Secure the Border Act of 2026](https://policyrisk.com/legislation/119-hr-9200)
- [119-hr-9199: Permanent Trump Secure Border Act](https://policyrisk.com/legislation/119-hr-9199)
- [119-hr-624: RIFLE Act of 2025](https://policyrisk.com/legislation/119-hr-624)
- [119-hr-1915: Stop the Cartels Act](https://policyrisk.com/legislation/119-hr-1915)
- [119-hr-8206: Homeland Security and Further Additional Continuing Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-8206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2544 (as of 2026-04-21).