Financial Freedom Act of 2025
4/11/2025, 12:45 PMSummary of Bill HR 2544
Bill 119 hr 2544, also known as the "Individual Retirement Account Investment Freedom Act," aims to prevent the Secretary of Labor from restricting the investment 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 main purpose of this legislation is to protect the rights of individuals to make their own investment decisions and to have control over their retirement savings. By prohibiting the Secretary of Labor from imposing limitations on the types of investments that can be offered to IRA holders, this bill aims to promote financial independence and empower individuals to make informed choices about their retirement funds.
Overall, Bill 119 hr 2544 seeks to uphold the principles of individual freedom and financial autonomy by allowing IRA holders to have greater flexibility in managing their retirement savings. This legislation is designed to ensure that individuals have the ability to diversify their investments and pursue opportunities that align with their financial goals and risk tolerance levels.
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Current Status of Bill HR 2544
Bill HR 2544 is currently in the status of Bill Introduced since April 1, 2025. Bill HR 2544 was introduced during Congress 119 and was introduced to the House on April 1, 2025. Bill HR 2544's most recent activity was Referred to the House Committee on Education and Workforce. as of April 1, 2025Bipartisan Support of Bill HR 2544
Total Number of Sponsors
4Democrat Sponsors
0Republican Sponsors
4Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2544
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill HR 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.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.Comments
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Sponsors and Cosponsors of HR 2544
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