arrow_back Back to App

Greater Freedom for Retirement Investment Choices

This act aims to give individuals more freedom in how they invest their retirement savings in individual accounts. It means fewer restrictions on the types of investments that can be offered, providing more control over personal savings. The goal is to allow people to better align investments with their personal goals and risk tolerance.
Key points
Increased freedom to choose investments in individual retirement accounts.
Fewer restrictions for companies offering various types of retirement investments.
Retirement fund managers will not be required to favor or disfavor any investments, other than based on risk and return potential.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4147
Sponsor: Sen. Tuberville, Tommy [R-AL]
Process start date: 2022-05-05
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Financial Freedom Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4147.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-05.

What are the main provisions?

Key points include:

  • Increased freedom to choose investments in individual retirement accounts.
  • Fewer restrictions for companies offering various types of retirement investments.
  • Retirement fund managers will not be required to favor or disfavor any investments, other than based on risk and return potential.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Tuberville, Tommy [R-AL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Economy