Florida Rep. Donalds introduces Financial Freedom Act companion bill in the H...
The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings. Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the types of investments that can be included in Americans’ self-directed 401(k) retirement plans. The bill is the companion to Alabama Sen. Tommy Tuberville’s May 5 Senate bill.The Financial Freedom Act was introduced as a reaction....
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United States Rep. Byron Donalds has initiated a bill to the U.S. House of Representatives seeking to incorporate Bitcoin into every American home’s 401(K) retirement plans. It’s a novel and bold move as the bill also significantly boosts the Financial Freedom Act of 2022, which was also set in motion this month. The bill by […]
Republican state senator Dusty Deevers recently introduced a bill allowing Oklahoma employees and residents to opt to receive salaries in Bitcoin and enable businesses to accept BTC payments. Related Reading: South Korea To Ease Institutional Crypto Investment Restrictions This Year Oklahoma Senator Introduces Bitcoin Freedom Act On January 8, Senator Dusty Deevers announced the Bitcoin […]
The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay state fees with crypto assets. The governor’s “Freedom First Budget” suggests creating a department in Florida to accept state fees in cryptocurrencies. Florida Governor’s Freedom First Budget Includes Crypto The Republican governor of Florida, Ron DeSantis seems to be keen on allowing businesses in Florida to pay for state fees in crypto assets. Florida is becoming....
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which investment class is next?” the lawmaker stressed.
Financial Freedom Act
The issue of what investments Americans can put in their retirement accounts has become a hot topic in Washington. In March, the Department of Labor issued guidance warning employers and investment firms against....
Cruz lends his support to a bill that would keep the U.S. off “an insidious path akin to China’s.” Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it to be considered in both chambers of Congress at the same time. Emmer, co-chair of the....