Search Results for keywords:"individual retirement accounts"

Search Results: keywords:"individual retirement accounts"

S. 1222 — To prohibit the Secretary of Labor from constraining the range or type of investments that may be offered to participants and beneficiaries of individual retirement accounts who exercise control over the assets in such accounts.
April 01, 2025
Status:Introduced in Senate
Congress:119
Words:567
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.
H. R. 2544 — To prohibit the Secretary of Labor from constraining the range or type of investments that may be offered to participants and beneficiaries of individual retirement accounts who exercise control over the assets in such accounts.
April 01, 2025
Status:Introduced in House
Congress:119
Words:533
H.R. 2544, known as the "Financial Freedom Act of 2025," aims to limit the power of the Secretary of Labor in regulating investment options available in individual retirement accounts (IRAs). The bill amends the Employee Retirement Income Security Act of 1974 to ensure that the fiduciaries of...
Simple Explanation
The Financial Freedom Act of 2025 wants to let people have more choice about where they put their retirement money, by making sure the boss in charge doesn’t tell them which money places they can or can't pick.

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