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.