Financial Freedom Act of 2025

Bill 119 s 1222, also known as the "Individual Retirement Account Investment Freedom Act," aims to prevent the Secretary of Labor from restricting the options available to individuals who have control over their own individual retirement accounts (IRAs). This bill seeks to ensure that participants and beneficiaries of IRAs have the freedom to choose from a wide range of investment opportunities without government interference.

The bill specifically prohibits the Secretary of Labor from imposing limitations on the types or range of investments that can be offered to individuals who have control over their IRA assets. This means that individuals will have the ability to make investment decisions based on their own preferences and financial goals, without being restricted by government regulations.

By allowing individuals to have greater control over their IRA investments, supporters of the bill argue that it will promote financial independence and empower individuals to make informed decisions about their retirement savings. Critics, however, may argue that removing government oversight could potentially expose individuals to greater risks and volatility in their investments. Overall, Bill 119 s 1222 seeks to protect the rights of individuals to manage their own retirement savings and make investment choices that align with their personal financial objectives.