S. 1222, titled the "Financial Freedom Act of 2025," aims to limit the authority of the Secretary of Labor over investment choices for individual retirement accounts. The bill ensures that participants in these retirement accounts have a wide variety of investment options,...
Simple Explanation
S. 1222, the "Financial Freedom Act of 2025," is like giving people who have retirement piggy banks more freedom to choose their favorite toys to fill them with, without the playground teacher telling them which toys are allowed.